About 994 Valencia Street
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.
Features of 994 Valencia Street
| MLS® # | OC25221298 |
|---|---|
| Price | $3,385,000 |
| Sold Price | $3,250,000 |
| Bedrooms | 10 |
| Bathrooms | 9.00 |
| Lot Sqft | 6,719 |
| Acres | 0.15 |
| Year Built | 1964 |
| Type | Residential Income |
| Sub-Type | Mixed Use |
| Style | Modern |
| Status | Closed |
| # Of Units | 6 |
Community Information
| Address | 994 Valencia Street |
|---|---|
| Area | C1 - Mesa Verde |
| Subdivision | Mesa Del Mar |
| City | Costa Mesa |
| County | Orange |
| Zip Code | 92626 |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected, Water Connected |
|---|---|
| Parking Spaces | 4 |
| Parking | Assigned, Door-Single, Garage, Garage Faces Rear |
| # of Garages | 4 |
| Garages | Assigned, Door-Single, Garage, Garage Faces Rear |
| View | Neighborhood |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Interior | Vinyl |
|---|---|
| Interior Features | Granite Counters |
| Appliances | Convection Oven, Dishwasher, Disposal, Microwave |
| Heating | Central, Ductless |
| Cooling | Dual, Wall/Window Unit(s) |
| Has Basement | No |
| Fireplace | No |
| Fireplaces | None |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Exterior | Frame, Glass |
|---|---|
| Exterior Features | Lighting, Rain Gutters |
| Lot Description | Rectangular Lot, TwentyOneToTwentyFiveUnitsAcre |
| Windows | Blinds, Screens |
| Roof | Shingle |
| Construction | Frame, Glass |
| Foundation | Slab |
Additional Information
| Date Listed | September 23rd, 2025 |
|---|---|
| Date Sold | December 5th, 2025 |
| Days on Market | 22 |
| Zoning | R-3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | John Allen |
|---|---|
| Office | Seven Gables Real Estate |