Costa Mesa, CA 92626,999 Valencia Street
Costa Mesa, CA 92626,999 Valencia Street
Costa Mesa, CA 92626,999 Valencia Street
$1,974,000
Est. payment /mo
$1,999,000
1.3%
Est.Price: ?

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6 Beds
7 Baths
6,534 Sqft Lot
SOLD DATE : 06/26/2024

Key Details

Sold Price $1,974,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID NP24104655

Sold Date 06/26/24

Bedrooms 6

HOA Y/N No

Lot Size 6,534 Sqft

Property Description

Welcome to 999 Valencia Street, a four-unit apartment community, built in 1964. It is comprised of a fantastic unit mix of (1) 3- Bedroom/2.5-Bathroom Townhouse 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 have access to 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 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 promises a secure investment but also positions itself as an inviting residential haven at the heart of Costa Mesa's vibrant offerings.
Welcome to 999 Valencia Street, a four-unit apartment community, built in 1964. It is comprised of a fantastic unit mix of (1) 3- Bedroom/2.5-Bathroom Townhouse 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 have access to 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 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 promises a secure investment but also positions itself as an inviting residential haven at the heart of Costa Mesa's vibrant offerings.

Location

State CA

County Orange

Area Oc - Costa Mesa (92626)

Zoning Public Rec

Exterior

Exterior Feature Stucco

Garage Unit1:Assigned

Roof Type Composition

Building

Lot Description Curbs, Sidewalks

Story 2

Lot Size Range 4000-7499 SF

Level or Stories 2 Story

Others

Monthly Total Fees $143

Acceptable Financing Cash

Space Rent $3,261

Listing Terms Cash

Financing Cash

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San Diego Regional MLS (SDMLS)
Listed by Nick Gould • Gould Group Inc
Bought with Tom Monarch • EHM Real Estate, Inc.

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Alvin Newton

+1(858) 876-7055

Realtor | License ID: 01858045

Realtor License ID: 01858045

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