994 Valencia Street Lot 48
Costa Mesa, CA, 92626
$3,385,000
Beds
0 Baths
0 SqFt
0.15 Acres
Add
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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.

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
C1 – Mesa VerdeC1mesaverdeNeighborhood

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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

Gross Operating Income
$201,135
Maintenance Fee
$6,034
Net Operating Income
$144,252

Map

Community

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
Costa Mesa, CA