Homes for sale - 994 Valencia Street, Costa Mesa, CA 92626

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John Herkenrath

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

$3,385,000

Est. payment - /mo

6,716 Sqft Lot

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UPDATED:

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Mesa Del Mar

MLS Listing ID OC25221298

Construction Status Turnkey

HOA Y/N No

Year Built 1964

Lot Size 6,716 Sqft

Property Sub-Type Mixed Use

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

Zoning R-3

Interior

Interior Features Granite Counters

Heating Central, Ductless

Cooling Dual, Wall/Window Unit(s)

Flooring Vinyl

Fireplaces Type None

Fireplace No

Appliance Convection Oven, Dishwasher, Disposal, Microwave

Laundry Common Area, Inside, Outside

Exterior

Exterior Feature Lighting, Rain Gutters

Parking Features Assigned, Door-Single, Garage, Garage Faces Rear

Garage Spaces 4.0

Garage Description 4.0

Fence Block, Privacy

Pool None

Community Features Biking, Golf, Park

Utilities Available Electricity Connected, Natural Gas Connected, Water Connected

View Y/N Yes

View Neighborhood

Roof Type Shingle

Accessibility None

Total Parking Spaces 4

Private Pool No

Building

Lot Description 21-25 Units/Acre, Rectangular Lot

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Modern

Level or Stories Two

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 14166431

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

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Listed by John Allen Seven Gables Real Estate 714-651-9706

"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

994 Valencia Street Costa Mesa, CA 92626