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.
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.
Property Details
Price:
$3,385,000
MLS #:
OC25221298
Status:
Pending
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Commercial/Residential
Neighborhood:
c1mesaverde
Listed Date:
Sep 23, 2025
Total Sq Ft:
5,267
Lot Size:
6,719 sqft / 0.15 acres (approx)
Year Built:
1964
See this Listing
Schools
Interior
Appliances
DW, GD, MW, CO
Cooling
DL, WW
Flooring
VINY
Heating
CF, DUC
Laundry Features
CM, IN, OUT
Exterior
Architectural Style
MOD
Community Features
GOLF, PARK, BIKI
Construction Materials
FRM, GLS
Exterior Features
LIT, RG
Parking Spots
4
Roof
SHN
Financial
Maintenance Fee
$6,034
Map
Community
- Address994 Valencia Street Lot 48 Costa Mesa CA
- SubdivisionOther (OTHR)
- CityCosta Mesa
- CountyOrange
- Zip Code92626
Subdivisions in Costa Mesa
- Award AWAR
- Bay Laurel ENBY
- College Park COLP
- Coral Point CORP
- Country Club I ICC1
- Country Club Manor ENCC
- Del Cerro DELC
- Eastside Central ECCM
- Eastside Heights EHCM
- Eastside South ESCM
- Freedom Homes FREE
- Greenbrook By Larwin GBLR
- Halecrest HALE
- Harbor Pointe Condos HPTC
- Mesa Del Mar MDMA
- Mesa Verde Collection MVCO
- Mesa Verde Residential Income MVRI
- Mesa Verde Villas Iowa St. MVVL
- Monticello Townhomes MONT
- Newport Riviera ENNR
- Oceanview Park OCPK
- Pacesetter One Story ICPI
- State Streets II MST2
- Village Creek VLCK
- Westside Costa Mesa Central WCMC
- Westside Costa Mesa South WSCM
- Wilson Park Condos WPKC
Market Summary
Current real estate data for Single Family in Costa Mesa as of Dec 06, 2025
96
Single Family Listed
41
Avg DOM
449
Avg $ / SqFt
$1,234,199
Avg List Price
Property Summary
- Located in the Other (OTHR) subdivision, 994 Valencia Street Lot 48 Costa Mesa CA is a Single Family for sale in Costa Mesa, CA, 92626. It is listed for $3,385,000 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 $449. The average listing price for Single Family in Costa Mesa is $1,234,199.
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994 Valencia Street Lot 48
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