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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
Parking Features 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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Bought with Tom Monarch • EHM Real Estate, Inc.
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Mary Ellen Haywood
Broker Associate | CA DRE#01264878
Broker Associate CA DRE#01264878