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Listed by Andre White • Pacific Sotheby's Int'l Realty
$ 4,800,000
Est. payment /mo
New
1010 1016 Valencia ST Costa Mesa, CA 92626
0.3 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRNP25129812
Year Built 1964
Lot Size 0.300 Acres
Source California Regional MLS
Property Description
We are proud to present 1010-1016 Valencia Street, a rare side-by-side offering of two 4-unit apartment buildings with separate APNs, located in the heart of Costa Mesa-one of Southern California's most desirable coastal housing markets. This turnkey multifamily investment consists of eight fully rented 3-bedroom, 2-bathroom units, offering a strong blend of immediate income and long-term upside. The property sits on a 13,068 square foot lot and includes 9,340 square feet of building space. A lushly landscaped central courtyard creates a welcoming and private environment for residents, while recent renovations to both the interior and exterior enhance the overall appeal. The units feature modern updates such as vinyl plank flooring, stainless steel appliances, updated cabinetry and countertops, and open-concept kitchens. Recent improvements include new staircases and sewer line. The property provides ample parking with eight single-car garages and six uncovered spaces, along with on-site laundry for added tenant convenience. Most of the units are currently leased close to market rents, reflecting the high quality of the renovations and the desirability of the location. The owner is open to selling the buildings separately or as a package, offering flexibility to investors looking
Location
State CA
County Orange
Area C4 - Central Costa Mesa
Interior
Laundry In Laundry Room
Exterior
Parking Features Garage, Parking Area
Garage Spaces 14.0
Pool 31, None
Roof Type Composition
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 14166409
Special Listing Condition Not Applicable
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