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$3,250,000

  • Sold
  • Closed
  • Multi-Family
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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.

Full Property Details for 994 Valencia St

General

  • Sold For: $3,250,000
  • Status: Closed
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: OC25221298
  • Added to Site: 116 day(s) ago

Interior

  • Rooms/Areas: Kitchen, Living Room, Primary Bathroom
  • Interior Features: Granite Counters
  • Fireplace(s): None
  • Appliances: Convection Oven, Dishwasher, Disposal, Microwave
  • Flooring: Vinyl

Rooms

Other Rooms

  • Laundry: Community, Inside, Outside

Additional Information

  • Pool Description: None
  • Spa Description: None

Exterior

  • Exterior Features: Lighting, Rain Gutters

Parking

  • Garage Spaces: 4
  • Parking Features: Assigned, Garage, Garage Faces Rear, Garage (Single Door)
  • Parking: Assigned, Garage, Garage Faces Rear, Garage (Single Door)

Location

  • Area: C1 - Mesa Verde
  • County: Orange
  • Development Name: C1 - Mesa Verde
  • Driving Directions: Adams and Fairview

Heating & Cooling

  • Cooling Type: Dual, Wall/Window Unit(s)
  • Heating Type: Central, Ductless

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 6
  • # Electric Meters: 6

Structural Information

  • Architectural Style: Modern
  • Foundation: Slab
  • Roof: Shingle
  • Windows: Blinds, Screens
  • Doors: Double-Door Entry
  • Entry Location: Street
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 5,267
  • Year Built: 1964

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 3

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 1

Unit 5

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 3

Unit 6

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Property View: Neighborhood
  • Lot Size (Acres): 0.1542
  • Lot Size Source: Survey
  • Zoning: R-3
  • Lot Description: 21-25 Units/Acre, Rectangular Lot

Financial Considerations

  • Price Per Sq. Ft.: $617.05
  • Price Per Unit: 564167

Listed by Seven Gables Real Estate, John Allen and Uncharted, Brendon Guichet
Sold by Lionheart Pride, Jeremy Wayland

Listing agents

— 994 Valencia St —

  • John Allen

    Seven Gables Real Estate

  • Brendon Guichet

    Uncharted

714-651-9706

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 994 Valencia St

School District:Newport-Mesa Unified School District
NameGradesDistance
Sonora Elementary School
966 Sonora Road, Costa Mesa, CA 92626
K-60.2 mi
Costa Mesa High School
2650 Fairview Road, Costa Mesa, CA 92626
7-120.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 994 Valencia St

Date
Details
Price
Change
Source
12/05/2025
Sold
$3,250,000
-3.99%
MLS
9/23/2025
Listed
$3,385,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Seven Gables Real Estate, John Allen and Uncharted, Brendon Guichet
Sold by Lionheart Pride, Jeremy Wayland

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994 Valencia Street, Costa Mesa, CA 92626 (MLS# OC25221298) is a Multi-Family property that was sold at $3,250,000 on December 05, 2025. Want to learn more about 994 Valencia Street? Do you have questions about finding other Multi-Family real estate for sale in Costa Mesa? You can browse all Costa Mesa real estate or contact a Coldwell Banker agent to request more information.