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$ 3,385,000
Est. payment /mo
Pending
994 Valencia Street Costa Mesa, CA 92626
5,267 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 5,267 sqft
Price per Sqft $642
MLS Listing ID CROC25221298
HOA Y/N No
Year Built 1964
Lot Size 6,719 Sqft
Acres 0.15
Property Sub-Type Other
Property Description
Offered at $3,385,000, this 6-unit multifamily property in Costa Mesa provides a strong turn-key opportunity in a supply-constrained market. Originally constructed in 1964 as a 4-plex, the building was expanded in the past year with the addition of two brand-new ADUs completed in 2025. The property now totals 5,267 SF and has been extensively renovated with over $750,000 in recent improvements, including modern unit interiors and durable finishes. The unit mix includes studio, one-, two-, and three-bedroom layouts, designed to capture a wide range of tenant demand. With current rents already strong and additional upside available, investors can benefit from both immediate income and long-term appreciation. Located near South Coast Plaza, The Camp, and major transportation corridors, the property combines stable tenant demand with proven rental performance, making for a strategic investment in a highly sought-after Orange County submarket.
Location
State CA
County Orange
Zoning R-3
Interior
Heating Other
Cooling Other, Wall/Window Unit(s)
Flooring Vinyl
Fireplace No
Laundry Common Area, Other, Inside
Exterior
View Y/N true
View Other
Building
Lot Description Other
New Construction No
Others
Tax ID 14166431
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by John Allen • Seven Gables Real Estate
