994 Valencia Street Costa Mesa, CA 92626
5,267 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 5,267 sqft
Price per Sqft $642
Subdivision Mesa Verde
MLS Listing ID OC-25221298
Style Modern
Year Built 1964
Lot Size 6,719 Sqft
Property Sub-Type Commercial/Residential
Source California Regional Multiple Listing Service (CRMLS)
Property Description
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 Ductless, Central
Flooring Vinyl
Fireplaces Type None
Laundry Community, Inside, Outside
Exterior
Exterior Feature Lighting, Rain Gutters
Parking Features Garage, Garage - Single Door, Garage Faces Rear, Assigned
Garage Spaces 4.0
Pool None
Community Features Biking, Golf, Park
Utilities Available Water Connected, Electricity Connected, Natural Gas Connected
View Y/N Yes
Building
Lot Description Rectangular Lot, 21-25 Units/Acre
Sewer Public Sewer
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944