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.
Sold for $1,936,000
Listed by: Gould Group Inc • Nick Gould • Contact: 949-996-7976
Bought with: Estate Properties
$1,936,000
985 Valencia St, Costa Mesa, CA 92626
6beds
7baths
4,062sqft
Quadruplex
Built in 1964
-- sqft lot
$-- Zestimate®
$477/sqft
$4,855 Estimated rent
Home value
Not available
Estimated sales range
Not available
$4,855/mo
Zestimate® history
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List your homeWhat's special
Studio unitSingle-car garagesLush community courtyardSouth coast plaza
Zillow last checked:
Listing updated:
Listed by:
Nick Gould DRE #01521955 949-996-7976,
Gould Group Inc
Bought with:
Ramsey Oliveras, DRE #01200976
Estate Properties
Source: CRMLS,MLS#: NP24014850
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 7
Heating
- Wall Furnace
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: 4
- Pool features: None
- Spa features: None
- Fencing: Wood
- Has view: Yes
- View description: None
Lot
- Size: 6,534 Square Feet
- Features: 2-5 Units/Acre
Details
- Parcel number: 14166519
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1964
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Biking, Curbs, Street Lights, Sidewalks
- Subdivision: ,Mesa Del Mar
Location
- Region: Costa Mesa
Financial & listing details
- Price per square foot: $477/sqft
- Tax assessed value: $1,974,720
- Annual tax amount: $22,672
- Date on market: 1/24/2024
- Cumulative days on market: 8 days
- Listing terms: Cash to New Loan
- Total actual rent: 10300
- Tenant pays: Cable TV, Electricity, Gas
- Road surface type: Alley Paved, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 3/28/2024 | Sold | $1,936,000-7.8%$477/sqft |
Source:  CRMLS #NP24014850 Report a problem | ||
| 3/3/2024 | Pending sale | $2,099,000$517/sqft |
Source: CRMLS #NP24014850 Report a problem | ||
| 2/2/2024 | Contingent | $2,099,000$517/sqft |
Source: CRMLS #NP24014850 Report a problem | ||
| 1/24/2024 | Listed for sale | $2,099,000$517/sqft |
Source: CRMLS #NP24014850 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $22,672 +11.6% | $1,974,720 +12.8% |
| 2024 | $20,311 +3% | $1,750,993 +2% |
| 2023 | $19,721 -38.7% | $1,716,660 +2% |
| 2022 | $32,161 +479.7% | $1,683,000 +308.2% |
| 2021 | $5,548 +1% | $412,308 +1% |
| 2020 | $5,495 | $408,081 +2% |
| 2019 | $5,495 +1.7% | $400,080 +2% |
| 2018 | $5,405 +3.5% | $392,236 +2% |
| 2017 | $5,223 | $384,546 +2% |
| 2016 | $5,223 +2.1% | $377,006 +1.5% |
| 2015 | $5,116 +3.5% | $371,344 +2% |
| 2014 | $4,944 | $364,070 +0.5% |
| 2013 | -- | $362,425 +2% |
| 2012 | -- | $355,319 +2% |
| 2011 | -- | $348,352 +0.8% |
| 2010 | -- | $345,749 -0.2% |
| 2009 | -- | $346,571 +2% |
| 2008 | -- | $339,776 +2% |
| 2007 | -- | $333,114 +2% |
| 2006 | -- | $326,583 +2% |
| 2005 | -- | $320,180 +2% |
| 2004 | -- | $313,902 +1.9% |
| 2003 | -- | $308,149 +2% |
| 2002 | -- | $302,107 +2% |
| 2001 | $3,329 +2.6% | $296,184 +2% |
| 2000 | $3,244 | $290,377 |
Find assessor info on the county website
Neighborhood: 92626
Nearby homes
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Nearby schools
GreatSchools rating
- 7/10Sonora Elementary SchoolGrades: K-6Distance: 0.2 mi
- 5/10Costa Mesa High SchoolGrades: 7-12Distance: 0.6 mi
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- California
- Orange County
- Costa Mesa
- 92626
- 985 Valencia St
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