994 Valencia Street, Costa Mesa, CA 92626
Property · 2 recorded sales since 2023
Sold December 2025
Listing Agent: John Allen (DRE #01939546) · Listing Office: Seven Gables Real Estate · Contact: 714-651-9706 · Bought with: Jeremy Wayland · Lionheart Pride · MLS #OC25221298 · Source: CRMLS
About this property
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.
Listing description from the December 2025 sale, as reported to CRMLS.
Sale history
