Costa Mesa, CA 92626,985 Valencia ST
See all 13 photos
Costa Mesa, CA 92626,985 Valencia ST
Costa Mesa, CA 92626,985 Valencia ST
Costa Mesa, CA 92626,985 Valencia ST
Costa Mesa, CA 92626,985 Valencia ST

$1,936,000

Est. payment /mo

$2,099,000

7.8%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

985 Valencia ST Costa Mesa, CA 92626

4,062 SqFt

SOLD DATE : 03/28/2024

Key Details

Sold Price $1,936,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 4,062 sqft

Price per Sqft $476

Subdivision ,Mesa Del Mar

MLS Listing ID NP24014850

Sold Date 03/28/24

HOA Y/N No

Year Built 1964

Lot Size 6,534 Sqft

Acres 0.15

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.

Location

State CA

County Orange

Area C3 - South Coast Metro

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Heating Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Garage Assigned

Garage Spaces 6.0

Garage Description 6.0

Fence Wood

Pool None

Community Features Biking, Curbs, Street Lights, Sidewalks

View Y/N No

View None

Parking Type Assigned

Total Parking Spaces 7

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 14166519

Energy Description 1500.0

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Financing Cash to New Loan

Special Listing Condition Standard

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


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

GUIDE SoCal

Broker | License ID: DRE#01976964

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.