994 Valencia Street, Costa Mesa, CA 92626

0 beds 0 baths 6,719 sq.ft.

Offerered at: $3,385,000.00

Project/Tract: Mesa Del Mar
County: Orange
Year Built: 1964
Association Fees: $0.00/mo.

Property Description

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.

ESSENTIAL INFO

  • Status: Pending
  • Architecture: Modern