We are proud to present 1016 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. This is an excellent opportunity to acquire a well-maintained, income-generating property in a prime Costa Mesa location.
Listed by Andre White
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License #01873658
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Pacific Sotheby's Int'l Realty
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949-378-9653
Listed by John Cain
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License #01467294
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Pacific Sotheby's Int'l Realty
Last updated December 12, 2025
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Source: bridgeMLS #CRNP25257489
Listing Facts
TypeMulti-family
NeighborhoodMesa del Mar
Bedrooms12
Days on Prevu33
Size4,670 sqft
Price per sqft$513
Location
Mortgage Calculator
Listing History
12/12/2025
Status changed to In Contract
$2,395,000
11/10/2025
Listed by Pacific Sotheby's Int'l Realty
$2,395,000
Property Details for 1016 Valencia Street
Exterior
Construction
Number Of Units Total: 4
Year Built: 1964
Construction Materials: Stucco, Wood Siding
Exterior Features: Other
Measurements
Building Area Total: 4,670
Lot Features: Other
Lot Size Acres: 0.15
Lot Size Area: 0
Lot Size Square Feet: 6,534
Lot Size Units: Acres
Financial
Taxes
Parcel Number: 14166410
Interior
Features
Flooring: Laminate
Measurements
Living Area: 4,670
Living Area Units: Square Feet
Rooms
Bedrooms Total: 12
Utilities
Equipment
Cooling: No Air Conditioning
Heating: Forced Air
Has Heating: Yes
Laundry Features: Common Area
Sewer: Other
Utilities: Other Water/Sewer
Frequently Asked Questions
How many bedrooms does this multi-family home have?
There are 12 bedrooms in this multi-family home at 1016 Valencia Street.
How does 1016 Valencia Street compare to other multi-family homes in Mesa del Mar?
This multi-family home is listed 12% below the average price for multi-family homes in Mesa del Mar and has been on the market for 4 more days than the typical home in this area.
What is the square footage on this multi-family home?
According to the MLS, this listing is 4,670 sqft.
1016 Valencia Street is a 12-bedroom multi-family home for sale in Costa Mesa CA 92626. Listed on Prevu for 33 days at $2,395,000. This property features 4,670 square feet of living space, located in Orange County. The median listing price for multi-family homes in this area is $2,475,000. Explore more multi-family home listings in Orange County.
Based on information from bridgeMLS 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 Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.