Costa Mesa, CA 92626,985 Valencia Street
Costa Mesa, CA 92626,985 Valencia Street
Costa Mesa, CA 92626,985 Valencia Street
12
$2,099,000
Est.Price: ?

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6 BD
7 BA
6,534 Sqft Lot

985 Valencia Street Costa Mesa, CA 92626

Est. payment /mo
SOLD DATE : 03/28/2024

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID NP24014850

Sold Date 03/28/24

Bedrooms 6

HOA Y/N No

Lot Size 6,534 Sqft

Property Description

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.
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.

Location

State CA

County Orange

Area Oc - Costa Mesa (92626)

Zoning Assessor

Exterior

Parking Features Unit1:Assigned

Building

Lot Description Curbs, Sidewalks

Story 2

Lot Size Range 4000-7499 SF

Level or Stories 2 Story

Others

Monthly Total Fees $143

Space Rent $3,250

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San Diego Regional MLS (SDMLS)
Listed by Nick Gould • Gould Group Inc
Bought with Ramsey Oliveras • RE/MAX Estate Properties

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