1016 Valencia Street, Costa Mesa, CA 92626
- $2,275,000
- Sold Price
- $2,275,000
- List Price
- $2,395,000
- Closing Date
- Mar 06, 2026
- Status
- CLOSED
- MLS#
- NP25257489
- Year Built
- 1964
- Lot Size
- 6,534
- Acres
- 0.15
- Lot Location
- Street Level
- Days on Market
- 108
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Stories
- Two Levels
- Neighborhood
- Other
Property Description
We are proud to present 1016 Valencia Street, a 4-unit apartment buildings, located in the heart of Costa Mesa—one of Southern California’s most desirable coastal housing markets. This turnkey multifamily investment consists of four fully rented 3-bedroom, 2-bathroom units, offering a strong blend of immediate income and long-term upside. The property sits on a 6,534 square foot lot and includes 4,670 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: PEX plumbing, staircases and sewer line. The property provides ample parking with four single-car garages and three uncovered spaces. Most of the units are currently leased close to market rents, reflecting the high quality of the renovations and the desirability of the location. This is an excellent opportunity to acquire a well-maintained, income-generating property in a prime Costa Mesa location.
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Additional Information
- Pool Description
- None
- Heat
- Forced Air
- Cooling Description
- None
- Exterior Construction
- Stucco, Wood Siding
- Roof
- Composition
- Garage Spaces Total
- 4
- Sewer
- Sewer Tap Paid
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $152,820
- Operating Expense
- 48136
Listing courtesy of Listing Agent: Andre White (andre@caingroup.com) from Listing Office: Pacific Sotheby's Int'l Realty.
Listing sold by Ali Hakimi from Hakimi Property Group
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.