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$2,395,000

Est. payment - /mo

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6,534 Sqft Lot

Active Under Contract

1010 Valencia ST Costa Mesa, CA 92626

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

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Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID NP25194291

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1964

Lot Size 6,534 Sqft

Property Sub-Type Mixed Use

Property Description

We are proud to present 1010 Valencia Street, a 4-unit apartment buildings, located in the heart of Costa Mesa—one of Southern California's most desirable coastal housing markets. This turnkey multifamily investment consists of four fully rented 3-bedroom, 2-bathroom units, offering a strong blend of immediate income and long-term upside. The property sits on a 6,534 square foot lot and includes 4,670 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 four single-car garages and three 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 adjacent building at 1016 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.

Location

State CA

County Orange

Area C4 - Central Costa Mesa

Interior

Fireplace No

Laundry Laundry Room

Exterior

Exterior Feature Rain Gutters

Parking Features Garage, One Space

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Street Lights, Sidewalks

Utilities Available Electricity Available, Sewer Connected, Water Connected

Roof Type Composition

Total Parking Spaces 7

Private Pool No

Building

Lot Description Street Level

Story 2

Entry Level Two

Sewer Sewer Tap Paid

Water Public

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 14166409

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

Listed by Andre White Pacific Sotheby's Int'l Realty 949-378-9653

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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