994 Valencia Street, Costa Mesa, CA 92626

Local realty services provided by:ERA North Orange County Real Estate
994 Valencia Street,Costa Mesa, CA 92626
$3,385,000
  • - Beds
  • - Baths
  • 5,267 sq. ft.
  • Multi-family
  • Active
Listed by:john allen
Office:seven gables real estate
MLS#:OC25221298
Source:CRMLS

Price summary

  • Price:$3,385,000
  • Price per sq. ft.:$642.68

About this home

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.

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Home facts

  • Year built:1964
  • Listing ID #:OC25221298
  • Added:2 day(s) ago
  • Updated:September 26, 2025 at 10:31 AM

Rooms and interior

  • Living area:5,267 sq. ft.

Heating and cooling

  • Cooling:Dual, Wall Window Units
  • Heating:Central, Ductless

Structure and exterior

  • Roof:Shingle
  • Year built:1964
  • Building area:5,267 sq. ft.
  • Lot area:0.15 Acres

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,385,000
  • Price per sq. ft.:$642.68
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