Seller's Agent in 2020
Cameron Irons
SVN / Vanguard
(714) 404-5256
22 Total Sales
998 Valencia St Unit 1-4 Costa Mesa, CA 92626
6
Beds
5
Baths
4,062
Sq Ft
6,534
Sq Ft Lot
Highlights
- Private Yard
- Laundry Room
- Landscaped
- Costa Mesa High School Rated A-
About This Home
As of January 2020The Valencia Street Villas is a 4-unit apartment building located in West Costa Mesa, is located strategically located near numerous amenities and is 100% occupied with a mixture of long term and new tenants, all of which are on month-to-month agreements providing an investor the opportunity to increase rents and immediately increase return.
The unit mix is a combination of one 3BD/2.5BA unit, one 2BD/1.5BA, one 1BD/1BA and one studio. These units are spacious and well designed along with featuring a large outdoor landscaped entertainment area for residence enjoyment. Additionally, there are 6 total garages to use as an amenity to the tenants coupled with additional storage areas for tenants use. This building is located within an excellent rental location and boasts historically low vacancy rates with ability to drastically increase rents.
The Valencia Street Villas have 5 electric meters, 4 gas meters and 1 water meter. Landlord expenses include common expenses which include water trash services. All tenant specific units are separately metered for electricity and gas.
The Valencia Street Villas are located near the cross streets of Baker Street and Fairview Road in West Costa Mesa and situated near South Coast Plaza, OC Fair & Event Center, Orange Coast College with close proximity to Southern California's 405 / 73 /55 Freeways Freeways. Coupled with its close proximity to many Southern California's family destinations such as Disneyland.
Last Agent to Sell the Property
SVN / Vanguard License #01176224 Listed on: 11/12/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 6,534 Sq Ft Lot
- Two or More Common Walls
- Landscaped
- Private Yard
- Lawn
Parking
- 6 Car Garage
- Parking Available
- Rear-Facing Garage
Home Design
- Quadruplex
Interior Spaces
- 4,062 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
- Gas Dryer Hookup
Additional Features
- Exterior Lighting
- Suburban Location
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 34
- Tax Tract Number 5011
- Assessor Parcel Number 14166432
Community Details
Building Details
- 4 Leased Units
- 5 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $262
- Fuel Expense $788
- Gardener Expense $2,070
- Insurance Expense $2,364
- Maintenance Expense $4,218
- Pest Control $696
- Trash Expense $1,141
- Water Sewer Expense $2,884
- New Taxes Expense $16,443
- Operating Expense $30,867
- Gross Income $84,360
- Net Operating Income $50,997
Additional Features
- 4 Units
- Laundry Facilities
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/17/2020 01/17/20 | Sold | $1,400,000 | -3.4% | $345 / Sq Ft |
| 11/15/2019 11/15/19 | Pending | -- | -- | -- |
| 11/12/2019 11/12/19 | For Sale | $1,450,000 | -- | $357 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Cameron Irons
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW19263819
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Nearby Homes
- 1016 Valencia St
- 1033 Valencia St
- 945 Brilliance Ln
- 2750 San Carlos Ln
- 905 Powell Ct
- 3024 Harding Way
- 2737 Lorenzo Ave
- 915 Lombard Ct
- 3050 Madison Ave
- 2817 Portola Dr
- 810 Baker St Unit 210
- 3125 Yukon Ave
- 3131 Lincoln Way
- 760 Wesleyan Unit 11
- 3120 Tara
- 3067 Trinity Dr
- 1111 S Coast Dr Unit 18
- 1081 Tulare Dr
- 1110 Redding Ave
- 3007 Killybrooke Ln
- 998 Valencia St
- 994 Valencia St Unit 204
- 994 Valencia St Unit 108
- 994 Valencia St Unit 101
- 994 Valencia St
- 994 Valencia St Unit 102
- 994 Valencia St Unit 104
- 994 Valencia St
- 1004 Valencia St Unit C
- 1004 Valencia St Unit D
- 1004 Valencia St Unit B
- 1004 Valencia St Unit A
- 1004 Valencia St
- 999 Mission Dr Unit 1
- 999 Mission Dr
- 995 Mission Dr
- 1003 Mission Dr
- 1010 Valencia St
- 988 Valencia St Unit 3
- 988 Valencia St Unit 4