Leave a Message

Thank you for your message. We will be in touch with you shortly.

1010 1016 Valencia Street
1010 1016 Valencia Street
1010 1016 Valencia Street
1010 1016 Valencia Street
1010 1016 Valencia Street
1010 1016 Valencia Street
1010 1016 Valencia Street
1010 1016 Valencia Street
1010 1016 Valencia Street
1010 1016 Valencia Street
1010 1016 Valencia Street
1010 1016 Valencia Street
1010 1016 Valencia Street
1010 1016 Valencia Street
1010 1016 Valencia Street
1010 1016 Valencia Street
1010 1016 Valencia Street
1010 1016 Valencia Street
1010 1016 Valencia Street
VIEW PHOTOS
$4,800,000

1010 1016 Valencia Street

9,340 Sq.Ft.

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.

Share Property

Location

1010 1016 Valencia Street, Costa Mesa, CA 92626

Status

For Sale
image

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.
Thank you for your interest in 1010 1016 Valencia Street, Costa Mesa, CA 92626. We are reviewing your request and will be in touch shortly!

Property Amenities

Interior
Laundry room Laundry Room
Area & Lot
Lot Area 0.3 Acres
Living area 9,340 Sq.Ft.
MLS® ID NP25129812
Year Built 1964
Type Multi-Family
Status For Sale
Exterior
Stories 2
Pool None
Water Source Public
Garage Space 8.0
Security Features Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer Public Sewer
Other Exterior Features Rain Gutters
Parking Garage, One Space
Lot Features Street Level
Roof Composition
Utilities Electricity Connected, Sewer Connected, Water Connected
Finance
Sales Price $4,800,000

Mortgage Calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.
All estimates are provided for informational purposes only. Actual amounts may vary.
$0,000 Your Payment 20 15 65
$0,000 Your Payment

Work With Us

We work closely with each client we represents. Our approach is one of collaboration, with our highest priority being to meet our client’s goals. When we first connect, we learn what you want to accomplish and we stay in cadence until that happens.