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.
Property Details
Price:
$4,800,000
MLS #:
NP25129812
Status:
Active
Baths:
0
Address:
1010 Valencia Street
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
c4centralcostamesa
City:
Costa Mesa
Listed Date:
May 30, 2025
State:
CA
ZIP:
92626
Lot Size:
13,068 sqft / 0.30 acres (approx)
Year Built:
1964
See this Listing
Mortgage Calculator
Schools
Interior
Exterior
Community Features
Sidewalks, Street Lights
Exterior Features
Rain Gutters
Fencing
Wood
Garage Spaces
8.00
Lot Features
Level with Street
Parking Features
Garage, Parking Space
Parking Spots
14.00
Pool Features
None
Roof
Composition
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer
Public Sewer
Spa Features
None
Stories Total
2
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Electricity, Gas
Utilities
Electricity Connected, Sewer Connected, Water Connected
Map
Community
- Address1010 Valencia Street Costa Mesa CA
- AreaC4 – Central Costa Mesa
- CityCosta Mesa
- CountyOrange
- Zip Code92626
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1010 Valencia Street
Costa Mesa, CA
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