Offered at $3,385,000, this 6-unit multifamily property in Costa

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Home Active Under Contract

994 Valencia Street

Costa Mesa, California 92626

Orange County

Community: Other (OTHR)

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$3,385,000 10 br, 9.0 bath 5267 sq. ft. 0.154 acres

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. 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.

Interior:
  • Bedrooms: 10
  • Baths: 9.0
  • Sq Ft: 5267
  • Year Built: 1964
  • Utilities: 
  • Fireplaces: 
  • Stories: 2
  • Heat/AC: Central, Ductless (Heating)
  • Garage: Assigned, Garage
Exterior:
  • Lot Size: 0.154 acre
  • Lot Dimensions: 
  • View Types: 
  • Yard: 
  • Siding: Frame, Glass
  • Roof: Shingle
  • MLS #: OC25221298
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Contact Information:
Beach Home Active Under Contract in Costa Mesa, California
Listing Agent: John Allen, House of Seven Gables Real Estate Inc., 714-651-9706, 714-500-3300 Listing Site, Listing Status: Active Under Contract
Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 6654380
Viewed 77 times.
Updated: Sep 29, 2025

This property is a Home located at 994 Valencia Street, Costa Mesa, California 92626, and is currently Active Under Contract at $3,385,000. This Home has 10 bedrooms, 9.0 baths, 5267 sq ft.