1010 Valencia St - Apartments FOR SALE


Costa Mesa, CA 92626- Westside Costa Mesa
$4,800,000 USD
949-378-9653
1010 Valencia St, Costa Mesa, CA for Sale
$4,800,000 USD
Apartments - FOR SALE
1/14
null | 4.18% Cap Rate

1010 Valencia St
Costa Mesa, CA 92626
Westside Costa Mesa


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$514 USD /SF

# OF UNITS

8

PRICE/UNIT

$600,000

CAP RATE

4.18%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1010-1016 Valencia St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

R3, Costa Mesa

APN/PARCEL ID

141-664-09,141-664-10

ASK ABOUT THIS PROPERTY

Andre WhitePacific Sotheby's International RealtyMore Info
949-378-9653

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Andre WhitePacific Sotheby's International RealtyMore Info
949-378-9653

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.