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1010 1016 Valencia Street, Costa Mesa, CA

$3,695,000 - $3.7M Price - 9,340 Sqft - .3 Acres - 50 DOM

We are pleased to present 1010 - 1016 Valencia Street, an 8-unit multifamily investment opportunity located in the city of Costa Mesa, one of the premier coastal housing markets in Southern California. Situated on a 0.30-acre lot, the 9,340 square foot property consists exclusively of three-bedroom units and offers amenities including a central courtyard, garage parking, and on-site laundry. The property recently underwent significant renovations to both the interior and exterior. Interior upgrades for four out of the eight units include vinyl wood flooring, new countertops and cabinets, stainless steel appliances, and an open kitchen layout. Exterior upgrades include new paint and well-maintained landscaping. These improvements have helped current ownership to achieve rents at the peak of the market.

Essential Information

For 1010 1016 Valencia Street, Costa Mesa, CA
  • MLS® # OC20070678
  • Price $3,695,000
  • Bathrooms 0.00
  • Square Footage 9,340
  • Acres 0.30
  • Year Built 1964
  • Type Residential Income
  • Status Active

Community Information

For 1010 1016 Valencia Street, Costa Mesa, CA
  • Address 1010 1016 Valencia Street
  • Area Wrigley Area (5)
  • City Costa Mesa
  • County Orange
  • State CA
  • Zip Code 92626

Amenities

For 1010 1016 Valencia Street, Costa Mesa, CA
  • Parking Spaces 14
  • # of Garages 8

Interior

For 1010 1016 Valencia Street, Costa Mesa, CA
  • # of Stories 2
  • Stories Two

Exterior

For 1010 1016 Valencia Street, Costa Mesa, CA
  • Lot Description Level with Street, Landscaped

Additional Information

For 1010 1016 Valencia Street, Costa Mesa, CA
  • Date Listed April 8th, 2020
  • Days on Market 50

Listing Details

For 1010 1016 Valencia Street, Costa Mesa, CA
  • Agent Kurt Hediger(01846649)
  • Office Marcus & Millichap RE Invest

Price Change History for 1010 1016 Valencia Street, Costa Mesa, CA (MLS® #OC20070678)

Date Details Change
Price Reduced from $3,750,000 to $3,695,000 $55,000 (1.47%)

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Located in Mesa Del Mar, West of Costa Mesa, 6 turnkey units 5 of which has central AC systems on a 9583 sq. ft. corner lot. The unit mix is a combination of One 3 BD/2.5 BA , Four 2 BD/ 2 BA, and one 1 BD/1 BA. Four of the units are townhouse style with their own private patios. These units are spacious and well designed featuring a large outdoor landscaped entertainment area for residence to enjoy. Additionally, there are a total of 8 garages

Based on information from California Regional Multiple Listing Service, Inc. as of May 29th, 2020 at 8:52am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.