994 Valencia Street, Costa Mesa, CA 92626

Local realty services provided by:Better Homes and Gardens Real Estate Clarity
994 Valencia Street,Costa Mesa, CA 92626
$3,385,000
  • - Beds
  • - Baths
  • 5,267 sq. ft.
  • Multi-family
  • Active
Listed by:john allen
Office:seven gables real estate
MLS#:OC25221298
Source:CRMLS

Price summary

  • Price:$3,385,000
  • Price per sq. ft.:$642.68

About this home

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.

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Home facts

  • Year built:1964
  • Listing ID #:OC25221298
  • Added:6 day(s) ago
  • Updated:September 30, 2025 at 03:39 AM

Rooms and interior

  • Living area:5,267 sq. ft.

Heating and cooling

  • Cooling:Dual, Wall Window Units
  • Heating:Central Furnace, Ductless

Structure and exterior

  • Roof:Shingle
  • Year built:1964
  • Building area:5,267 sq. ft.
  • Lot area:0.15 Acres

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,385,000
  • Price per sq. ft.:$642.68
Based on information from California Regional Multiple Listing Service, Inc. as of September 30, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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