998 Valencia Street, Costa Mesa, CA 92626

$1,400,000
4,062
SqFt
Sold Price
$1,400,000
List Price
$1,450,000
Closing Date
Jan 17, 2020
Status
CLOSED
MLS#
PW19263819
Year Built
1964
Living Sq. Ft
4,062
Lot Size
6,534
Acres
0.15
Lot Location
Landscaped, Lawn, Lot 6500-9999, Yard
Days on Market
3
Property Type
Multifamily
Property Sub Type
Quadruplex
Stories
Two Level
Neighborhood
Mesa Del Mar (Mdma)

Property Description

The 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.

Additional Information

Tract Number
5011
Lot Description
Sidewalks, Street Lights, Suburban
Pool Description
None
Garage Spaces Total
6
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Total Number of Units
4

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Cameron Irons from SVN / Vanguard

Listing sold by Cameron Irons from SVN / Vanguard

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.