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1010 Valencia Street
1010 Valencia Street
1010 Valencia Street
1010 Valencia Street
1010 Valencia Street
1010 Valencia Street
1010 Valencia Street
1010 Valencia Street
1010 Valencia Street
1010 Valencia Street
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$2,350,000

1010 Valencia Street

4,670 Sq.Ft.

Description

We are proud to present 1010 Valencia Street, a 4-unit apartment buildings, located in the heart of Costa Mesa--one of Southern California's most desirable coastal housing markets. This turnkey multifamily investment consists of four fully rented 3-bedroom, 2-bathroom units, offering a strong blend of immediate income and long-term upside. The property sits on a 6,534 square foot lot and includes 4,670 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 four single-car garages and three 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 adjacent building at 1016 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.

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Location

1010 Valencia Street, Costa Mesa, CA 92626

Status

Sold

Property Amenities

Interior
Laundry room Laundry Room
Area & Lot
Total area 4,670 Sq.Ft.
Lot Area 6,534 Sq.Ft.
Living area 4,670 Sq.Ft.
MLS® ID NP25194291
Year Built 1964
Type Multi-Family
Status Sold
Exterior
Stories 2
Pool None
Water Source Public
Garage Space 4.0
Security Features Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer Sewer Tap Paid
Other Exterior Features Rain Gutters
Parking Garage, One Space
Lot Features Street Level
Roof Composition
Utilities Electricity Available, Sewer Connected, Water Connected
Finance
Sales Price $2,350,000

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.