977 Valencia Street is a well-maintained four-unit property. The unit mix includes (1) 3BR/2.5BA TH, (1) 2BR/1.5BA TH, (1) 2BR/1BA, and (1) 1BR/1BA unit. Capital improvements in the last 10 years include new windows, a roof, updated hardscaping, and tankless water heaters for all units. A large community courtyard provides a welcoming space for tenant relaxation, while select units feature private patios. The property also offers ample parking with six single-car garages, one additional off-street space, and a shared community laundry room for added convenience. The property is just minutes from the premier shopping and dining destinations like South Coast Plaza, The Camp, and The Lab, offering tenants a vibrant lifestyle. Its proximity to major freeways ensures effortless commuting and easy access to the broader Orange County area. With its modern upgrades, prime location, and desirable unit mix, 977 Valencia Street represents an outstanding opportunity for investors seeking a turnkey asset in one of Costa Mesa’s most dynamic neighborhoods.
Sold for $1,840,000
Listed by: Gould Group Inc • Nick Gould • Contact: 949-996-7976
Bought with: Gould Group Inc
$1,840,000
977 Valencia St, Costa Mesa, CA 92626
8beds
7baths
4,062sqft
Multi Family
Built in 1964
-- sqft lot
$-- Zestimate®
$453/sqft
$3,382 Estimated rent
Home value
Not available
Estimated sales range
Not available
$3,382/mo
Zestimate® history
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List your homeWhat's special
Private patiosLarge community courtyardNew windowsUpdated hardscaping
Zillow last checked:
Listing updated:
Listed by:
Nick Gould DRE #01521955 ng@gouldgroupinc.com,
Gould Group Inc
Bought with:
Nick Gould, DRE #01521955
Gould Group Inc
Source: CRMLS,MLS#: NP25013777
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 7
Heating
- Central
Cooling
- None
Appliances
- Laundry: Common Area
Features
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 4,062
- Total interior livable area: 4,062 sqft
Property
Parking
- Total spaces: 7
- Parking features: Assigned
- Garage spaces: 6
- Uncovered spaces: 1
Features
- Levels: Two
- Stories: 2
- Entry location: 2
- Pool features: None
- Spa features: None
- Fencing: Block
- Has view: Yes
- View description: None
Lot
- Size: 7,183 Square Feet
- Features: 2-5 Units/Acre
Details
- Parcel number: 14166521
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Stucco
- Foundation: Slab
- Roof: Composition
Condition
- New construction: No
- Year built: 1964
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: None
Community & HOA
Community
- Features: Biking, Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks
Location
- Region: Costa Mesa
Financial & listing details
- Price per square foot: $453/sqft
- Tax assessed value: $1,872,720
- Annual tax amount: $21,604
- Date on market: 1/20/2025
- Cumulative days on market: 7 days
- Listing terms: Cash to New Loan,1031 Exchange
- Tenant pays: Electricity, Gas
Price history
| Date | Event | Price |
|---|---|---|
| 3/13/2025 | Sold | $1,840,000-3.1%$453/sqft |
Source:  CRMLS #NP25013777 Report a problem | ||
| 2/10/2025 | Pending sale | $1,899,000$468/sqft |
Source: CRMLS #NP25013777 Report a problem | ||
| 1/28/2025 | Contingent | $1,899,000$468/sqft |
Source: CRMLS #NP25013777 Report a problem | ||
| 1/20/2025 | Listed for sale | $1,899,000+129.5%$468/sqft |
Source: CRMLS #NP25013777 Report a problem | ||
| 6/11/2008 | Sold | $827,500$204/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $21,604 +2% | $1,872,720 +2% |
| 2024 | $21,180 +67.1% | $1,836,000 +75.7% |
| 2023 | $12,678 +3.8% | $1,044,723 +2% |
| 2022 | $12,210 +3.7% | $1,024,239 +2% |
| 2021 | $11,775 +1% | $1,004,156 +1% |
| 2020 | $11,663 | $993,860 +2% |
| 2019 | $11,663 +1.9% | $974,373 +2% |
| 2018 | $11,443 +3.7% | $955,268 +2% |
| 2017 | $11,035 | $936,538 +2% |
| 2016 | $11,035 +2.2% | $918,175 +1.5% |
| 2015 | $10,796 +3.4% | $904,384 +2% |
| 2014 | $10,438 | $886,669 +10.8% |
| 2013 | -- | $800,000 -7.6% |
| 2012 | -- | $865,355 +2% |
| 2011 | -- | $848,388 +0.8% |
| 2010 | -- | $842,048 -0.2% |
| 2009 | -- | $844,050 +755.3% |
| 2008 | -- | $98,685 +2% |
| 2007 | -- | $96,750 +2% |
| 2006 | -- | $94,853 +2% |
| 2005 | -- | $92,994 +2% |
| 2004 | -- | $91,171 +1.9% |
| 2003 | -- | $89,501 +2% |
| 2002 | -- | $87,747 +2% |
| 2001 | $1,119 +2.8% | $86,027 +2% |
| 2000 | $1,089 | $84,341 |
Find assessor info on the county website
Neighborhood: 92626
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Nearby schools
GreatSchools rating
- 7/10Sonora Elementary SchoolGrades: K-6Distance: 0.1 mi
- 5/10Costa Mesa High SchoolGrades: 7-12Distance: 0.6 mi
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