1010 1016 Valencia Street, Costa Mesa, CA 92626
Local realty services provided by:Better Homes and Gardens Real Estate Clarity



1010 1016 Valencia Street,Costa Mesa, CA 92626
$4,800,000
- - Beds
- - Baths
- 9,340 sq. ft.
- Multi-family
- Active
Listed by:andre white
Office:pacific sotheby's int'l realty
MLS#:NP25129812
Source:CRMLS
Price summary
- Price:$4,800,000
- Price per sq. ft.:$513.92
About this home
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.
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Home facts
- Year built:1964
- Listing Id #:NP25129812
- Added:55 day(s) ago
- Updated:August 13, 2025 at 01:21 PM
Rooms and interior
- Living area:9,340 sq. ft.
Structure and exterior
- Roof:Composition
- Year built:1964
- Building area:9,340 sq. ft.
- Lot area:0.3 Acres
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$4,800,000
- Price per sq. ft.:$513.92
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