Homes for sale - 1010 1016 Valencia ST, Costa Mesa, CA 92626

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John Herkenrath

johnherkenrath@epiquerealty.com +1(310) 221-2910

$4,800,000

Est. payment - /mo

0.3 Acres Lot

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Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID NP25129812

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1964

Lot Size 0.300 Acres

Property Sub-Type Mixed Use

Property Description

We are proud to present 1010–1016 Valencia Street, a rare side-by-side offering of two 4-unit apartment buildings with separate APNs, located in the heart of Costa Mesa—one of Southern California's most desirable coastal housing markets. This turnkey multifamily investment consists of eight fully rented 3-bedroom, 2-bathroom units, offering a strong blend of immediate income and long-term upside. The property sits on a 13,068 square foot lot and includes 9,340 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 staircases and sewer line. The property provides ample parking with eight single-car garages and six uncovered spaces, along with on-site laundry for added tenant convenience. Most of the units are currently leased close to market rents, reflecting the high quality of the renovations and the desirability of the location. The owner is open to selling the buildings separately or as a package, offering flexibility to investors looking for stable, high-performing assets in a supply-constrained coastal market. This is an excellent opportunity to acquire a well-maintained, income-generating property in a prime Costa Mesa location.

Location

State CA

County Orange

Area C4 - Central Costa Mesa

Interior

Fireplace No

Laundry Laundry Room

Exterior

Exterior Feature Rain Gutters

Parking Features Garage, One Space

Garage Spaces 8.0

Garage Description 8.0

Fence Wood

Pool None

Community Features Street Lights, Sidewalks

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Roof Type Composition

Total Parking Spaces 14

Private Pool No

Building

Lot Description Street Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 14166410

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Energy Description 1894.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by Andre White Pacific Sotheby's Int'l Realty 949-378-9653

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

1010 1016 Valencia ST Costa Mesa, CA 92626