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970 Valencia Street

Costa Mesa, CA 92626
  • $3,495,000
  • STATUS: Active
  • ON SITE: 90 Days
  • ID#: OC25272434
UPDATED: 49 min ago
$3,495,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Listing Agent(s): Ramin Favakehi of Ramin Favakehi, Broker (949-929-2630)


Description

Turnkey 6-Unit Trophy Asset in Prime West Costa Mesa – Situated on a 9,583 SF corner lot in the highly desirable Mesa Del Mar neighborhood, this fully renovated multifamily property features an ideal unit mix, low vacancy history, and significant upside rent potential. Five units offer central A/C, four townhome-style units with private patios, new roof and exterior paint. Separately metered utilities with landlord covering only water/trash for common areas. Exceptional location near beaches, South Coast Plaza, major freeways, and employment hubs. Low-maintenance, high-demand asset ideal for long-term hold or portfolio enhancement.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-09T16:31:35.373. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Empire. Licensed in the State of California, USA.
www.bestsocalhomesearch.com/homes/171219765
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970 Valencia Street Costa Mesa, CA 92626

  • Price: $3,495,000
  • Status: Active
  • On Site: 90 Days
  • Updated: 49 min ago
  • ID#: OC25272434
0
Beds
0
Baths
0
½ Baths
0.22
Acres
1964
Built
Neighborhood:
Mesa Del Mar (Mdma)
County:
Orange
Area:
C4 - Central Costa Mesa
Property Description
Turnkey 6-Unit Trophy Asset in Prime West Costa Mesa – Situated on a 9,583 SF corner lot in the highly desirable Mesa Del Mar neighborhood, this fully renovated multifamily property features an ideal unit mix, low vacancy history, and significant upside rent potential. Five units offer central A/C, four townhome-style units with private patios, new roof and exterior paint. Separately metered utilities with landlord covering only water/trash for common areas. Exceptional location near beaches, South Coast Plaza, major freeways, and employment hubs. Low-maintenance, high-demand asset ideal for long-term hold or portfolio enhancement.
Exterior Features

Entry Level 1 Entry Location First and second Number Of Separate Electric Meters 6 Parking Total 8 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Flooring CarpetVinyl Heating Central Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest Community Apartment Community Features Curbs Electric Standard Garage YN Yes Gross Income 193788 Gross Scheduled Income 193788 Insurance Expense 6077 Land Lease YN No Laundry Features Washer HookupGas Dryer HookupInside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan Net Operating Income 131127 New Construction YN No New Taxes Expense 38812 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Operating Expense 62661 Pest Control Expense 1200 Possession Close Of Escrow Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 9600 Utilities Electricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Water Sewer Expense 4308 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-09T16:31:35.373. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Empire. Licensed in the State of California, USA.
 
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Realty ONE Group Empire
13330 Ranchero Rd. Ste 12
Oak Hills CA, 92344
Listing Agent(s): Ramin Favakehi of Ramin Favakehi, Broker (949-929-2630)