1016 Valencia ST Lot 41
Costa Mesa, CA, 92626
$4,800,000
Beds
0 Baths
0 SqFt
0.3 Acres
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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
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Commercial/Residential
Neighborhood:
c4
Listed Date:
Oct 19, 2025
Total Sq Ft:
9,340
Lot Size:
13,068 sqft / 0.30 acres (approx)
Year Built:
1964
C4C4

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Schools

Interior

Laundry Features
IR

Exterior

Community Features
SDW, SL
Construction Materials
STC
Exterior Features
RG
Parking Spots
14
Roof
CMP
Security Features
SD, COD

Financial

Gross Operating Income
$310,428
Net Operating Income
$214,156

Map

Community

Market Summary

Current real estate data for Single Family in Costa Mesa as of Oct 30, 2025
100
Single Family Listed
36
Avg DOM
542
Avg $ / SqFt
$1,337,000
Avg List Price

Property Summary

    Located in the Other (OTHR) subdivision, 1016 Valencia ST Lot 41 Costa Mesa CA is a Single Family for sale in Costa Mesa, CA, 92626. It is listed for $4,800,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1964. The average price per square foot for Single Family listings in Costa Mesa is $542. The average listing price for Single Family in Costa Mesa is $1,337,000.

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1016 Valencia ST Lot 41
Costa Mesa, CA