NOT LISTED FOR SALE

1010 Valencia St Costa Mesa, CA 92626

12 Beds
8 Baths
4,670 Sq Ft
6,534 Sq Ft Lot

Sale Details

Date Sold: November 7, 2025

Last sale price $2,350,000 $503 Per Sq Ft

35 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Level Lot
  • Costa Mesa High School Rated A-
  • 4 Car Garage

About This Home

As of November 2025

We are proud to present 1010 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. The owner is open to selling the adjacent building at 1016 as a package, offering flexibility to investors looking for stable, high-performing assets in a supply-constrained coastal market. This is an excellent opportunity to acquire a well-maintained, income-generating property in a prime Costa Mesa location.

Last Agent to Sell the Property

Andre White

Pacific Sotheby's Int'l Realty Brokerage Phone: 949-378-9653 License #01873658 Listed on: 08/28/2025

Pacific Sotheby's Int'l Realty

Co-Listed By

John Cain

Pacific Sotheby's Int'l Realty Brokerage Phone: 949-378-9653 License #01467294

Last Buyer's Agent

Stephen Jeong

Keller Williams Realty Irvine License #01967125

Keller Williams Realty Irvine

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1964 | Remodeled

Lot Details

  • 6,534 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 4 Car Garage
  • 3 Open Parking Spaces
  • Parking Available
  • Parking Lot

Home Design

  • Entry on the 1st floor
  • Composition Roof

Interior Spaces

  • 4,670 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 41
  • Tax Tract Number 3922
  • Assessor Parcel Number 14166409
  • $1,691 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Insurance Expense $4,100
  • Trash Expense $1,894
  • Water Sewer Expense $1,894
  • Operating Expense $48,136
  • Gross Income $104,984
  • Net Operating Income $104,984

Property Details

Home Type

Apartment

Year Built

Built in 1964 | Remodeled

Lot Details

6,534 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 1894.00
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 14166409
  • Year Built: 1964
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 503.21

Exterior Features

  • Exterior Features: Rain Gutters
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage, Parking Space
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Available, Sewer Connected, Water Connected
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Sewer Paid
  • Trash Expense: 1894.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500
  • Latitude Manual: 33.67674900

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 104984.00
  • Gross Scheduled Income: 153120.00
  • Insurance Expense: 4100.00
  • Lot Size Area: 6534.0000 Square Feet
  • Net Operating Income: 104984.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 48136.00
  • Rent Control: No
  • Total Expenses: 48136.00

Tax Info

  • Tax Census Tract: 639.04
  • Tax Lot: 41
  • Tax Tract Number: 3922
  • TaxOtherAnnualAssessmentAmount: 1691.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2025
Closed on
Nov 4, 2025
Sold by
Bought by
Seller's Agent
Andre White
Pacific Sotheby's Int'l Realty
Buyer's Agent
Stephen Jeong
Keller Williams Realty Irvine
List Price
$2,395,000
Sold Price
$2,350,000
Premium/Discount to List
-$45,000
-1.88%
Views
25

Purchase Details

Closed on
Sep 19, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$931,600
Interest Rate
0.036%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 2012
Sold by
Bought by

Purchase Details

Closed on
Mar 12, 2012
Sold by
Bought by

Purchase Details

Closed on
Mar 9, 2012
Sold by
Bought by

Purchase Details

Closed on
Oct 18, 2005
Sold by
Bought by

Purchase Details

Closed on
Aug 5, 1999
Sold by
Bought by

Purchase Details

Closed on
Dec 12, 1995
Sold by
Bought by

Purchase Details

Closed on
Nov 21, 1995
Sold by
Bought by

Purchase Details

Closed on
Nov 18, 1994
Sold by
Bought by
Source: Public Records
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,350,000 First American Title Company
-- Chicago Title Company
$1,600,000 Chicago Title Company
-- None Available
-- First American Els
-- First American Els
-- Lawyers Title Ins
-- Lawyers Title Ins
-- Lawyers Title Ins
-- --
-- Continental Lawyers Title Co
-- Continental Lawyers Title Co
$379,620 World Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $931,600
Closed $169,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/07/2025 11/07/25 Sold $2,350,000 -1.9% $503 / Sq Ft
08/28/2025 08/28/25 For Sale $2,395,000 -- $513 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $21,790 $1,948,377 $1,791,425 $156,952
2024 $21,790 $1,910,174 $1,756,299 $153,875
2023 $21,226 $1,872,720 $1,721,862 $150,858
2022 $20,698 $1,836,000 $1,688,100 $147,900
2021 $20,148 $1,800,000 $1,655,000 $145,000
2020 $18,044 $1,600,000 $1,450,757 $149,243
2019 $7,266 $577,076 $401,944 $175,132
2018 $7,132 $565,761 $394,062 $171,699
2017 $7,014 $554,668 $386,335 $168,333
2016 $6,866 $543,793 $378,760 $165,033
2015 $6,794 $535,625 $373,070 $162,555
2014 $6,637 $525,133 $365,762 $159,371
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP25194291

California Regional Multiple Listing Service (CRMLS)

APN: 141-664-09

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