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Listed by John Allen • Seven Gables Real Estate
$ 3,385,000
Est. payment /mo
New
994 Valencia ST Costa Mesa, CA 92626
6,719 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25221298
Style Contemporary
Year Built 1964
Lot Size 6,719 Sqft
Source California Regional MLS
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.
Location
State CA
County Orange
Area C1 - Mesa Verde
Rooms
Kitchen Dishwasher, Garbage Disposal, Microwave, Other
Interior
Heating Central Forced Air
Cooling Other, Window / Wall Unit
Laundry Other, Community Facility
Exterior
Parking Features Assigned Spaces, Garage
Garage Spaces 4.0
Pool 31, None
View Local/Neighborhood
Roof Type Shingle
Building
Foundation Concrete Slab
Water District - Public
Architectural Style Contemporary
Others
Tax ID 14166431
Special Listing Condition Not Applicable
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