1010 1016 Valencia Street

Costa Mesa, CA 92626

  • 0 Bed(s)
  • 0 Bath(s)
  • 9,340 Sqft
  • 13068
    Sqft(Lot)
$4,800,000

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 for stable, high-performing assets in a supply-constrained coastal market. this is an excellent opportunity to acquire a well-maintained, income-generating property in a prime costa mesa location.

  • Property Type

    Residential Income

  • County

    Orange

  • Style

    Residential Income

  • AD ID

    50237649

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Composition
    • Exterior Property Features : Rain Gutters

  • Building Information

    • Year Built: 1964
    • Building Area Total: 9,340
    • Construction: Stucco
    • Roof: Composition

    Exterior Features

    • Rain Gutters

    Security Features

    • Carbon Monoxide Detector(s),Smoke Detector(s)

    Pool Features

    • None

    Laundry Features

    • Laundry Room

    Fencing

    • Wood

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.3
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 13068

  • Listing Price Information

    • Original List Price: 4,800,000
    • Listing Contract Date: 2025-05-30

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 14166409

  • Garage and Parking

    • Garage Description: Garage,One Space

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C4 - Central Costa Mesa
    • Postal Code Plus 4: 5735
    • Directions: From CA-73, Take exit 17C for Bear St, Turn left onto Bear St, Use the 2nd from the right lane to turn right onto Baker St, Turn left onto Mendoza Dr, Turn left onto Valencia St, Property will be on the left
    • Source Property Type: Residential Income
    • Area: C4 - Central Costa Mesa
    • Property SubType: Mixed Use

    Building and Construction

    • Property Age: 61
    • Common Walls: No Common Walls
    • Property Condition: Updated/Remodeled
    • Structure Type: Mixed Use
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 06/26/2025 @ 12:49

  • MLS: NP25129812
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 9,340 sqft, 13,068 sized lot, and 8 parking. are nearby neighborhoods.