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1010 1016 Valencia Street

Costa Mesa, CA 92626

– beds
– baths
– sqft
13,068 sqft lot
1964 build
– on site

We are proud to present 1010–1016 Valencia Street, a rare side-by-side offering of two 4-unit apartment buildings with separate APNs, located in the heart of Costa Mesa—one of Southern California’s most desirable coastal housing markets. This turnkey multifamily investment consists of eight fully rented 3-bedroom, 2-bathroom units, offering a strong blend of immediate income and long-term upside. The property sits on a 13,068 square foot lot and includes 9,340 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 eight single-car garages and six 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. The owner is open to selling the buildings separately or as a package, offering flexibility to investors looking for stable, high-performing assets in a supply-constrained coastal market. This is an excellent opportunity to acquire a well-maintained, income-generating property in a prime Costa Mesa location.

Listed By CRMLS_CA / Andre White / Pacific Sotheby's Int'l Realty / 949-378-9653

Last checked: Checking… • Last updated Jun 20, 2025 •

MLS# NP25129812 —

The Building

Year Built:

1964
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Stucco
Building Area Total:

9340.00
Building Area Units:

Square Feet
Total Number Of Units:

8
# of Buildings:

2
Roof:

Composition
Exterior Features:

Rain Gutters
Stories Total:

2
Entry Level:

1
Common Walls:

No Common Walls
# of Separate Gas Meters:

8
# of Separate Water Meters:

1
# of Separate Electric Meters:

8

Interior

Levels:

Two
Entry Location:

1
Laundry:

Individual Room
Laundry:

1

Location

Directions:

From CA-73, Take exit 17C for Bear St, Turn left onto Bear St, Use the 2nd from the right lane to turn right onto Baker St, Turn left onto Mendoza Dr, Turn left onto Valencia St, Property will be on the left
Latitude:

33.67673500
Longitude:

-117.89936100

The Property

Property Type:

Residential Income
Subtype:

Commercial/Residential
Property Condition:

Updated/Remodeled
Lot Features:

Level with Street
Lot Size Area:

13068.0000
Lot Size Acres:

0.3000
Lot Size SqFt:

13068.00
Lot Size Source:

Assessor
Fencing:

Wood
Fence:

Yes
Security Features:

Carbon Monoxide Detector(s), Smoke Detector(s)
Road Surface Type:

Alley Paved
Additional Parcels:

Yes
Additional Parcels Description:

14166410
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

639.04
Tax Tract:

3922
Tax Lot:

41

The Listing

Special Listing Conditions:

Standard
Parcel Number:

14166409

Utilities

Utilities:

Electricity Connected, Sewer Connected, Water Connected
Sewer:

Public Sewer
Water Source:

Public

The Community

Subdivision:

Other (OTHR)
Subdivision:

/
Neighborhood:

/
Features:

Sidewalks, Street Lights
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None

Parking

Parking:

Yes
Parking:

Garage, Parking Space
Parking Spaces:

14.00
Garage Spaces:

8.00
Uncovered Spaces:

6.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
6/20/25 Jun 20, 2025	Listed / Active	CRMLS_CA	$4,800,000	33.3% (7.0% / YR)
9/25/20 Sep 25, 2020		CRMLS_CA	$3,600,000	-2.6%
9/2/20 Sep 2, 2020		CRMLS_CA	$3,695,000

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This multifamily located in Central Costa Mesa, Costa Mesa, CA 92626 is currently for sale for $4,800,000. 1010 1016 Valencia Street is a – square foot multifamily with – beds and – baths that has been on Estately for 10 days. 1010 1016 Valencia Street is in the Central Costa Mesa neighborhood of Costa Mesa and has a WalkScore® of 70, making it somewhat walkable. This multifamily is in the attendance area of Sonora Elementary School and Costa Mesa High School.

Listing Courtesy of: CRMLS_CA and Pacific Sotheby's Int'l Realty. Based on information from California Regional Multiple Listing Service, Inc. as of 23:41 on Jun 30.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.