994 Valencia St | Image 1

$3,385,000

Sold

5 months ago

MLS® OC25221298

0 Bed

0 Bath

--

4 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Residential Income
Size -
Garage Yes
HOA Fees 
Taxes 
Approx. Age 1964
MLS® Number OC25221298

Property Address: 994 Valencia St, Costa Mesa, CA, 92626-5732

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberOC25221298
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelCommon Area, Inside, Outside
Exposure
Exterior
GarageYes
Approx. Age1964
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

Oct 15, 2025End Date
$3,250,000Sold Price

Sold

Sep 23, 2025List Date
$3,385,000List Price
  • Commute

Commute

Starting Address
Destination Address
994 Valencia St, Costa Mesa, CA

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