1016 Valencia St

Costa Mesa, CA 92626

$2,395,000
Price
12
Beds
8
Baths
4,670 Sq. Ft.
$513 / Sq. Ft.
4,670
Sq. Ft.
$513
per Sq. Ft.
Active Under Contract
Active Under Contract
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Description

We are proud to present 1016 Valencia Street, a 4-unit apartment buildings, located in the heart of Costa Mesa—one of Southern California’s most desirable coastal housing markets. This turnkey multifamily investment consists of four fully rented 3-bedroom, 2-bathroom units, offering a strong blend of immediate income and long-term upside. The property sits on a 6,534 square foot lot and includes 4,670 square feet of building space. A lushly landscaped central courtyard creates a welcoming and private...We are proud to present 1016 Valencia Street, a 4-unit apartment buildings, located in the heart of Costa Mesa—one of Southern California’s most desirable coastal housing markets. This turnkey multifamily investment consists of four fully rented 3-bedroom, 2-bathroom units, offering a strong blend of immediate income and long-term upside. The property sits on a 6,534 square foot lot and includes 4,670 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 four single-car garages and three 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. This is an excellent opportunity to acquire a well-maintained, income-generating property in a prime Costa Mesa location.

Property Details for 1016 Valencia Street

Parking Spaces Total
7
Private Pool
No
Cooling Type
None
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
4670
Assessor Parcel Number
141-664-10
LISTING UPDATED: 12/12/2025 06:58 AM

Property Details for 1016 Valencia Street

StatusActive Under Contract
MLS #NP25257489
Days on Market32
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1964
Lot Size0.15 AC / 6,534 SF
CountyOrange County

Location

Listing Courtesy of Pacific Sotheby's Int'l Realty, Andre White, DRE #01873658; Pacific Sotheby's Int'l Realty, John Cain, DRE #01467294
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Building Information for 1016 Valencia Street

Stories2Residences-Year Built1964Building Size-Lot Size0.15 AC / 6,534 SF

Payment Calculator

$13,684 per month

30 year fixed, 6.28% Interest

Principal and Interest

$11,835

Property Taxes

$1,849

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1016 Valencia Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Water
Income / Expense / Tax Details
Income Details
  • Gross Income: $152,820
  • Gross Scheduled Income: $152,820
  • Net Operating Income: $104,684
Expense Details
  • Operating Expense: $48,136
  • Insurance Expense: $4,100
  • Trash Expense: $1,894
  • Water Sewer Expense: $1,894
  • Total Expenses: $48,136
Tax / Assessment Info
  • Tax Tract Number: 3922
  • Tax Lot: 40
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Special Assessments
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
  • Cooling: None
  • Heating Type: Forced Air
  • Heating: Forced Air
  • Flooring Type: Laminate
  • Flooring: Laminate
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Construction Materials: Stucco, Wood Siding
  • Exterior Construction: Stucco, Wood Siding
  • Exterior Features: Rain Gutters
  • Roof: Composition
  • Entry Location: 1
  • Property Condition: Updated/Remodeled
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Level with Street
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Levels: Two
  • Water: Public
  • Sewer: Sewer Paid
  • Utilities: Electricity Connected
  • Electric: Electricity Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Uncovered Spaces: 3
  • Open Other Spaces Total: 3
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,995
  • Unit Type Total Rent: $2,995
  • Unit Type Pro Forma: 3450
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,995
  • Unit Type Total Rent: $2,995
  • Unit Type Pro Forma: 3450
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,295
  • Unit Type Total Rent: $3,295
  • Unit Type Pro Forma: 3450
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,450
  • Unit Type Total Rent: $3,450
  • Unit Type Pro Forma: 3450
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 0

Property History for 1016 Valencia Street

DateEvent & SourcePriceAppreciation
Dec 11, 2025

Accepting Backup Offers

CRMLS #NP25257489

—
Dec 11, 2025

Accepting Backup Offers

CLAW #NP25257489MR

—
Nov 10, 2025

Listed (Active)

CRMLS #NP25257489

$2,395,000—
Nov 10, 2025

Listed (Active)

CLAW #NP25257489MR

$2,395,000—
Sep 20, 2019

Sold (Public Record)

Public Record #653588173

$1,600,000—
DateEvent & SourcePrice
12/11/2025

Accepting Backup Offers

CRMLS #NP25257489

—
12/11/2025

Accepting Backup Offers

CLAW #NP25257489MR

—
11/10/2025

Listed (Active)

CRMLS #NP25257489

$2,395,000
11/10/2025

Listed (Active)

CLAW #NP25257489MR

$2,395,000
09/20/2019

Sold (Public Record)

Public Record #653588173

$1,600,000

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

Public Records for 1016 Valencia Street

Taxable ValueLand$1,791,425Additions$156,952Total$1,948,377
Tax Record2025$22,192 ($1,849 / month)
Home Facts
Total Finished SqFt4,670 SqFtAbove Grade Finished SqFt4,670 SqFtStories2Lot Size6,337 SqFtStyleQuadraplexYear Built1964CountyORANGEAPN141-664-10

Schools near 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 Pacific Sotheby's Int'l Realty, Andre White, DRE #01873658; Pacific Sotheby's Int'l Realty, John Cain, DRE #01467294

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.