1010 Valencia Street, Costa Mesa, CA 92626
  • MLS#: NP25129812 ( Commercial/Residential )
  • Street Address: 1010 Valencia Street
  • Viewed: 1
  • Price: $4,800,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1964
  • Bldg sqft: 0
  • Days On Market: 29
  • Additional Information
  • County: ORANGE
  • City: Costa Mesa
  • Zipcode: 92626
  • Subdivision: Other (othr)
  • Provided by: Pacific Sotheby's Int'l Realty
  • Contact: Andre Andre
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are proud to present 10101016 Valencia Street, a rare side by side offering of two 4 unit apartment buildings with separate APNs, located in the heart of Costa Mesaone of Southern Californias 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.
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Features
Additional Parcels Description
  1. 14166410
Association Fee
  1. 0.00
Building Area Total
  1. 9340.00
Commoninterest
  1. Community Apartment
Common Walls
  1. No Common Walls
Construction Materials
  1. Stucco
Country
  1. US
Electric Expense
  1. 1894.00
Fencing
  1. Wood
Fuel Expense
  1. 1894.00
Garage Spaces
  1. 8.00
Gardner Expense
  1. 2100.00
Insurance Expense
  1. 8200.00
Laundry Features
  1. Individual Room
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. Level with Street
Netoperatingincome
  1. 200490.00
Newtaxesexpense
  1. 50506.00
Parcel Number
  1. 14166409
Parking Features
  1. Garage
  2. Parking Space
Pest Control Expense
  1. 1056.00
Pool Features
  1. None
Postalcodeplus4
  1. 5735
Professionalmanagementexpense
  1. 17941.00
Property Type
  1. Commercial/Residential
Property Condition
  1. Updated/Remodeled
Road Surface Type
  1. Alley Paved
Roof
  1. Composition
Security Features
  1. Carbon Monoxide Detector(s)
  2. Smoke Detector(s)
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 440593022:CRM
Spa Features
  1. None
Tenant Pays
  1. Electricity
  2. Gas
Totalactualrent
  1. 25495.00
Totalexpenses
  1. 105450.00
Trash Expense
  1. 1894.00
Uncovered Spaces
  1. 6.00
Utilities
  1. Electricity Connected
  2. Sewer Connected
  3. Water Connected
Water Sewer Expense
  1. 1894.00
Water Source
  1. Public
Year Built
  1. 1964
Year Built Source
  1. Assessor