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994 Valencia Street, Costa Mesa, CA 92626
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994 Valencia Street
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  • MLS#: OC25221298 ( Commercial/Residential )
  • Street Address: 994 Valencia Street
  • Viewed: 5
  • Price: $3,385,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1964
  • Bldg sqft: 0
  • Days On Market: 23
  • Additional Information
  • County: ORANGE
  • City: Costa Mesa
  • Zipcode: 92626
  • Subdivision: Other (othr)
  • Provided by: Seven Gables Real Estate
  • Contact: John John
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Accessibility Features
  1. None
Appliances
  1. Convection Oven
  2. Dishwasher
  3. Disposal
  4. Microwave
Architectural Style
  1. Modern
Assessments
  1. Special Assessments
Association Fee
  1. 0.00
Building Area Total
  1. 5267.00
Carport Spaces
  1. 0.00
Commoninterest
  1. None
Common Walls
  1. 2+ Common Walls
Construction Materials
  1. Frame
  2. Glass
Cooling
  1. Dual
  2. Wall/Window Unit(s)
Country
  1. US
Days On Market
  1. 22
Current Financing
  1. None
Door Features
  1. Double Door Entry
Electric
  1. 220 Volts in Kitchen
  2. 220 Volts in Laundry
Entry Location
  1. Street
Fencing
  1. Block
  2. Privacy
Fireplace Features
  1. None
Flooring
  1. Vinyl
Foundation Details
  1. Slab
Garage Rental Rate
  1. 0.00
Garage Spaces
  1. 4.00
Gardner Expense
  1. 2400.00
Heating
  1. Central
  2. Ductless
Insurance Expense
  1. 4000.00
Interior Features
  1. Granite Counters
Laundry Features
  1. Community
  2. Inside
  3. Outside
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. 21-25 Units/Acre
  2. Rectangular Lot
Netoperatingincome
  1. 144252.00
Newtaxesexpense
  1. 35617.00
Otherexpense
  1. 3266.00
Parcel Number
  1. 14166431
Parking Features
  1. Assigned
  2. Garage
  3. Garage Faces Rear
  4. Garage - Single Door
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Commercial/Residential
Property Condition
  1. Turnkey
Road Frontage Type
  1. City Street
Road Surface Type
  1. Paved
Roof
  1. Shingle
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 447591537:CRM
Spa Features
  1. None
Subdivision Name Other
  1. Mesa Del Mar
Taxarea
  1. 15-064
Tenant Pays
  1. Electricity
  2. Gas
Totalactualrent
  1. 17125.00
Totalexpenses
  1. 56883.00
Trash Expense
  1. 0.00
Uncovered Spaces
  1. 0.00
Utilities
  1. Electricity Connected
  2. Natural Gas Connected
  3. Water Connected
Vacancyallowance
  1. 6165
View
  1. Neighborhood
Water Sewer Expense
  1. 5566.00
Water Source
  1. Public
Window Features
  1. Blinds
  2. Screens
Year Built
  1. 1964
Year Built Source
  1. Public Records
Zoning
  1. R-3