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We are proud to present 1016 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. This is an excellent opportunity to acquire a well-maintained, income-generating property in a prime Costa Mesa location.
| DAYS ON MARKET | 36 | LAST UPDATED | 12/12/2025 |
|---|---|---|---|
| TRACT | Other | YEAR BUILT | 1964 |
| COMMUNITY | C4 - Central Costa Mesa | GARAGE SPACES | 4.0 |
| COUNTY | Orange | STATUS | Conditional |
| PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | C4 - Central Costa Mesa |
| CONSTRUCTION | Stucco, Wood Siding |
| EXTERIOR | Rain Gutters |
| GARAGE | Yes |
| HEAT | Forced Air |
| LOT | 6534 sq ft |
| LOT DIMENSIONS | 6534 |
| POOL DESCRIPTION | None |
| STORIES | 2 |
| SUBDIVISION | Other |
| UTILITIES | Electricity Connected |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Based on information from California Regional Multiple Listing Service, Inc. as of 12/15/25 11:02 PM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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