1010-1016 Valencia St

Costa Mesa, CA 92626

$3,600,000
Last Sold Price
9
Beds
16
Baths
9,340 Sq. Ft.
$385 / Sq. Ft.
9,340
Sq. Ft.
$385
per Sq. Ft.
Closed 9/25/20
Closed 9/25/20
a car parked in front of a house
a car parked in front of a house
a view of a house with a small yard and sitting area
a view of a house with backyard and sitting area
a car parked in front of a house

Description

We are pleased to present 1010 - 1016 Valencia Street, an 8-unit multifamily investment opportunity located in the city of Costa Mesa, one of the premier coastal housing markets in Southern California. Situated on a 0.30-acre lot, the 9,340 square foot property consists exclusively of three-bedroom units and offers amenities including a central courtyard, garage parking, and on-site laundry. The property recently underwent significant renovations to both the interior and exterior. Interior upgrades...We are pleased to present 1010 - 1016 Valencia Street, an 8-unit multifamily investment opportunity located in the city of Costa Mesa, one of the premier coastal housing markets in Southern California. Situated on a 0.30-acre lot, the 9,340 square foot property consists exclusively of three-bedroom units and offers amenities including a central courtyard, garage parking, and on-site laundry. The property recently underwent significant renovations to both the interior and exterior. Interior upgrades for four out of the eight units include vinyl wood flooring, new countertops and cabinets, stainless steel appliances, and an open kitchen layout. Exterior upgrades include new paint and well-maintained landscaping. These improvements have helped current ownership to achieve rents at the peak of the market.
  1. Listed by Kurt Hediger • DRE #01846649 • Brokerage DRE #00530854 • Marcus & Millichap RE Invest

Property Details for 1010-1016 Valencia Street

Parking Spaces Total
14
Private Pool
No
Total Units
8.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
9340
Assessor Parcel Number
141-664-09
Property Attached YN
false
LISTING UPDATED: 09/13/2022 06:32 AM

Property Details for 1010-1016 Valencia Street

StatusClosed
MLS #OC20070678
Days on Market114
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.30 AC / 13,068 SF
CountyOrange County

Location

Listing Courtesy of Marcus & Millichap RE Invest, Kurt Hediger, DRE #01846649

Sold By Compass, Andre White, DRE #01873658

Add your commute

Building Information for 1010-1016 Valencia Street

Stories2Residences-Year Built1964Building Size-Lot Size0.30 AC / 13,068 SF

Payment Calculator

$17,789 per month

30 year fixed, 6.28% Interest

Principal and Interest

$17,789

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1010-1016 Valencia Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $234,000
  • Gross Scheduled Income: $231,600
  • Vacancy Allowance: 6948
  • Gross Operating Income: $227,052
  • Net Operating Income: $155,568
  • Other Income Description: Miscellaneous
  • Other Income 1: $2,400
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $71,484
  • New Taxes Expense: $41,244
  • Fuel Expense: $2,535
  • Electric Expense: $2,535
  • Insurance Expense: $6,500
  • Maintenance Expense: $8,000
  • Professional Management Expense: $0
  • Other Expense: $5,600
  • Other Expense Description: Misc
  • Trash Expense: $2,535
  • Water Sewer Expense: $2,535
  • Total Expenses: $71,484
Tax / Assessment Info
  • Tax Tract Number: 3922
  • Tax Census Tract: 639.04
  • Tax Lot: 41
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Additional Parcels Description: 14166410
  • Lot Features: Landscaped, Level with Street
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 8
  • Uncovered Spaces: 6
  • Open Other Spaces Total: 6
  • Parking Garage Spaces: 8
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,025
  • Unit Type Total Rent: $8,100
  • Unit Type Pro Forma: 2850
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,750
  • Unit Type Total Rent: $5,500
  • Unit Type Pro Forma: 2850
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,850
  • Unit Type Total Rent: $5,700
  • Unit Type Pro Forma: 2850
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 8
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1

Property History for 1010-1016 Valencia Street

DateEvent & SourcePriceAppreciation
Nov 10, 2025

Withdrawn / Cancelled

CLAW #NP25129812MR

—
Nov 10, 2025

Withdrawn / Cancelled

CRMLS #NP25129812

$4,800,000—
Nov 8, 2025

Hold

CLAW #NP25129812MR

—
Oct 19, 2025

Listed (Active)

CLAW #NP25129812MR

$4,800,000—
Oct 4, 2025

Hold

CRMLS #NP25129812

—
Jun 20, 2025

Listed (Active)

CRMLS #NP25129812

$4,800,000—
May 30, 2025

Hold

CLAW #NP25129812MR

—
May 30, 2025

Listed (Active)

CLAW #NP25129812MR

$4,800,000—
Sep 25, 2020

Sold

CRMLS #OC20070678

$3,600,000—
Sep 25, 2020

Sold

CLAW #OC20070678MR

$3,600,000—
Sep 2, 2020

Pending

CRMLS #OC20070678

—
Jul 31, 2020

Accepting Backup Offers

CRMLS #OC20070678

—
Jul 31, 2020

Pending

CRMLS #OC20070678

—
Jul 31, 2020

Pending

CLAW #OC20070678MR

—
Jun 29, 2020

Listed (Active)

CRMLS #OC20070678

—
Jun 24, 2020

Accepting Backup Offers

CRMLS #OC20070678

—
May 27, 2020

Price Change

CLAW #OC20070678MR

$3,695,000—
May 27, 2020

Price Change

CRMLS #OC20070678

$3,695,000—
Apr 8, 2020

Listed (Active)

CLAW #OC20070678MR

$3,750,000—
Apr 8, 2020

Listed (Active)

CRMLS #OC20070678

$3,750,000—
DateEvent & SourcePrice
11/10/2025

Withdrawn / Cancelled

CLAW #NP25129812MR

—
11/10/2025

Withdrawn / Cancelled

CRMLS #NP25129812

$4,800,000
11/08/2025

Hold

CLAW #NP25129812MR

—
10/19/2025

Listed (Active)

CLAW #NP25129812MR

$4,800,000
10/04/2025

Hold

CRMLS #NP25129812

—
06/20/2025

Listed (Active)

CRMLS #NP25129812

$4,800,000
05/30/2025

Hold

CLAW #NP25129812MR

—
05/30/2025

Listed (Active)

CLAW #NP25129812MR

$4,800,000
09/25/2020

Sold

CRMLS #OC20070678

$3,600,000
09/25/2020

Sold

CLAW #OC20070678MR

$3,600,000
09/02/2020

Pending

CRMLS #OC20070678

—
07/31/2020

Accepting Backup Offers

CRMLS #OC20070678

—
07/31/2020

Pending

CRMLS #OC20070678

—
07/31/2020

Pending

CLAW #OC20070678MR

—
06/29/2020

Listed (Active)

CRMLS #OC20070678

—
06/24/2020

Accepting Backup Offers

CRMLS #OC20070678

—
05/27/2020

Price Change

CLAW #OC20070678MR

$3,695,000
05/27/2020

Price Change

CRMLS #OC20070678

$3,695,000
04/08/2020

Listed (Active)

CLAW #OC20070678MR

$3,750,000
04/08/2020

Listed (Active)

CRMLS #OC20070678

$3,750,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1010-1016 Valencia Street

This home is within Newport-Mesa Unified School District.
Rating
School
Type
Grades
Distance
Sonora Elementary School
Public - K to 6
Costa Mesa High School
Public - 7 to 12
Maude B. Davis Elementary School
Public - K to 6
Back Bay High School
Public - 9 to 12
Rating
School
Distance
Sonora Elementary School
PublicK to 6

Costa Mesa High School
Public7 to 12

Maude B. Davis Elementary School
PublicK to 6

Back Bay High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap RE Invest, Kurt Hediger, DRE #01846649

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.