994 Valencia Street Costa Mesa, CA 92626
6,716 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Mesa Del Mar
MLS Listing ID OC25221298
Construction Status Turnkey
HOA Y/N No
Year Built 1964
Lot Size 6,716 Sqft
Property Sub-Type Mixed Use
Property Description
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.
Location
State CA
County Orange
Area C1 - Mesa Verde
Zoning R-3
Interior
Interior Features Granite Counters
Heating Central, Ductless
Cooling Dual, Wall/Window Unit(s)
Flooring Vinyl
Fireplaces Type None
Fireplace No
Appliance Convection Oven, Dishwasher, Disposal, Microwave
Laundry Common Area, Inside, Outside
Exterior
Exterior Feature Lighting, Rain Gutters
Parking Features Assigned, Door-Single, Garage, Garage Faces Rear
Garage Spaces 4.0
Garage Description 4.0
Fence Block, Privacy
Pool None
Community Features Biking, Golf, Park
Utilities Available Electricity Connected, Natural Gas Connected, Water Connected
View Y/N Yes
View Neighborhood
Roof Type Shingle
Accessibility None
Total Parking Spaces 4
Private Pool No
Building
Lot Description 21-25 Units/Acre, Rectangular Lot
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Modern
Level or Stories Two
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 14166431
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard
