Property Details
About this Property
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.
MLS Listing Information
MLS #
CROC25221298
MLS Source
California Regional MLS
Interior Features
Appliances
Dishwasher, Garbage Disposal, Microwave, Other
Laundry
Community Facility
Cooling
Other, Window/Wall Unit
Heating
Central Forced Air
Exterior Features
Roof
Shingle
Foundation
Slab
Style
Contemporary
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Garage, Garage: 4 Car(s)
HOA Fee
$0
Contact Information
Listing Agent
John Allen
Seven Gables Real Estate
License #: 01939546
Phone: (714) 500-3300
Co-Listing Agent
Brendon Guichet
License #: 01931695
Phone: –
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 6 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
994 Valencia Street is a Residential Income in Costa Mesa, CA 92626. This – square foot property sits on a 6,719 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,250,000 and was built in 1964. This address can also be written as 994 Valencia Street, Costa Mesa, CA 92626.
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This listing information is up-to-date as of December 09, 2025. For the most current information, please contact John Allen, (714) 500-3300
