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Sold for $1,936,000 on 03/28/24
  • Listing Provided by: 

    Nick Gould DRE #01521955 949-996-7976,

    Gould Group Inc

    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
    $6,232 Estimated rent

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    What's special

    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.

    Zillow last checked: 8 hours ago

    Listing updated: March 28, 2024 at 04:55pm

    Listing Provided by:

    Nick Gould DRE #01521955 949-996-7976,

    Gould Group Inc

    Bought with:

    Ramsey Oliveras, DRE #01200976

    Estate Properties

    Source: CRMLS,MLS#: NP24014850MLS LogoOriginating MLS: California Regional MLS

    Facts & 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 sqft
    • 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 & neighborhood

    Community
    • Community features: Biking, Curbs, Street Lights, Sidewalks
    Location
    • Region: Costa Mesa
    • Subdivision: ,Mesa Del Mar

    HOA & financial

    Other financial information
    • Total actual rent: 10300

    Other

    Other facts
    • Listing terms: Cash to New Loan
    • Road surface type: Alley Paved, Paved