985 Valencia Street
Costa Mesa, CA 92626

  • – beds
  • – baths
  • – sqft
  • 6,534 sqft lot
  • 1964 build
  • on site

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Welcome to 985 Valencia Street four-unit apartment community, built in 1964, it is comprised of a fantastic unit mix of (1) 3- Bedroom/2.5-Bathroom unit, (1) 2-Bedroom/1.5-Bathroom Townhouse unit, (1) 1-Bedroom/1-Bathroom unit, and (1) Studio unit. All units have been completely renovated over the last four years with tenants paying near-market rents. Tenants can access a lush community courtyard and (6) single-car garages. There is also a community laundry room for tenants to use. This is the perfect asset for an investor looking for a turnkey property with a solid rental income. The property's strategic location ensures easy accessibility to the best of Costa Mesa, including renowned destinations such as South Coast Plaza, The Camp, The LAB, and the Harbor Blvd shopping corridor. Additionally, tenants enjoy seamless connectivity with quick access to major freeways, including the 405, 55, and 73 Freeways. This property not only promises a secure investment but also positions itself as an inviting residential haven at the heart of Costa Mesa's vibrant offerings.

California Regional MLS logo Listed By CRMLS_CA / Nick Gould / Gould Group Inc

Last checked: Checking… • Last updated Mar 28, 2024 •

MLS# NP24014850 —

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Sale history

Date Event Source Price % Change
2/2/24
BRIDGE $2,099,000
2/2/24
Sold Subject To Contingencies CRMLS_CA $2,099,000
1/24/24
Listed / Active CRMLS_CA $2,099,000

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Multifamily Sold on 3/28/2024

$1,936,000

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Listing provided by broker:

Nick Gould

Gould Group Inc

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California Regional MLS logo Listing Courtesy of: CRMLS_CA and Gould Group Inc. Based on information from California Regional Multiple Listing Service, Inc. as of 11:54 on May 15.

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