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1010 Valencia St, Costa Mesa, CA 92626
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1010 Valencia St Costa Mesa, CA 92626

$3,600,000 Sold Price as of 09/25/2020
  • 24 Beds
  • 16 Baths
  • 9,340 Sq.Ft.
Sold
$3,600,000 Sold Price as of 09/25/2020 Refinance Your Mortgage
Map preview of 1010 Valencia St, Costa Mesa, CA 92626

Property Overview: 1010 Valencia St Costa Mesa, CA has 24 bedrooms, 16 bathrooms, 9,340 living square feet and 13,068 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present 1010 - 1016 Valencia Street, an 8-unit multifamily investment opportunity located in the city of Costa Mesa, one of the premier coastal housing markets in Southern California. Situated on a 0.30-acre lot, the 9,340 square foot property consists exclusively of three-bedroom units and offers amenities including a central courtyard, garage parking, and on-site laundry. The property recently underwent significant renovations to both the interior and exterior. Interior upgrades for four out of the eight units include vinyl wood flooring, new countertops and cabinets, stainless steel appliances, and an open kitchen layout. Exterior upgrades include new paint and well-maintained landscaping. These improvements have helped current ownership to achieve rents at the peak of the market.

Listed by Kurt Hediger | BRE #01846649 | Marcus & Millichap RE Invest
Last checked: 15 minutes ago | Last updated: September 13th, 2022 | Source CRMLS | DOM: 114

Home details

Lot Sq. Ft
13,068
HOA Dues
$0/mo
Year built
1964
Garage
8 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC20070678
City
Costa Mesa
County
Orange
Time on Site
1413 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 2
  • # of Leased Units: 8
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 4
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,025
  • Total Rent: $8,100
  • Pro Forma/Market Rent: $2,850
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,750
  • Total Rent: $5,500
  • Pro Forma/Market Rent: $2,850
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,850
  • Total Rent: $5,700
  • Pro Forma/Market Rent: $2,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $231,600
  • Net Operating Income: $155,568
  • Gross Operating Income: $227,052
  • Vacancy Allowance: $6,948
  • Other Income 1: $2,400
  • Other Income Description: Miscellaneous
Annual Expense Breakdown
  • Total Operating Expense: $71,484
  • Electric: $2,535
  • Gas/Fuel: $2,535
  • New Taxes: $41,244
  • Trash: $2,535
  • Insurance: $6,500
  • Maintenance: $8,000
  • Professional Management: $0
  • Water/Sewer: $2,535
  • Other Expenses: $5,600
  • Other Expense Description: Misc

Property Details for 1010 Valencia St

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 8
  • # of Parking Spaces: 14
Lot Information
  • Lot Features: Landscaped, Level with Street
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 8
  • Parcel Number: 14166409
  • Year Built Source: Assessor
  • Property is not Attached
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Major Cross Streets: Valencia Street & Mendoza Drive
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks
View more facts & features

Local Costa Mesa Agent

Sale History for 1010 Valencia St

Last sold for $3,600,000 on September 25th, 2020

  • September, 2020

  • Sep 25, 2020

    Date

    Sold

    CRMLS: OC20070678

    $3,600,000

    Price

  • Sep 2, 2020

    Date

    Pending

    CRMLS: OC20070678

    $3,695,000

    Price

  • Jul 31, 2020

    Date

    Active Under Contract

    CRMLS: OC20070678

    $3,695,000

    Price

  • Jun 29, 2020

    Date

    Active

    CRMLS: OC20070678

    $3,695,000

    Price

  • Jun 24, 2020

    Date

    Active Under Contract

    CRMLS: OC20070678

    $3,695,000

    Price

  • May 27, 2020

    Date

    Price Change

    CRMLS: OC20070678

    $3,695,000

    Price

  • Apr 8, 2020

    Date

    Active

    CRMLS: OC20070678

    $3,750,000

    Price

  • September, 2019

  • Sep 27, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,600,000

    Price

  • January, 1996

  • Jan 19, 1996

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1010 Valencia St

Assessed Value (2020): $574,206
Year Land Value Improved Value Assessed Value
2020 $401,944 $172,262 $574,206

Home Value Compared to the Market

This property vs the competition

1010 Valencia St sold on September 25, 2020 for 169.71% higher than the current median sold price for the city of Costa Mesa which is $1,370,000. The median sold price per/sqft for Costa Mesa is $783 and this home is sold at $395.61 per/sqft which puts the price per square foot 49.48% lower than the current median sale per square foot for the city of Costa Mesa.

About 1010 Valencia St

Detailed summary of property

1010 Valencia St is a multi family that recently sold in Costa Mesa, CA 92626. This multi family property offered 24 bedrooms, 16 bathrooms, roughly 9,340 living square feet, and sits on an approximately 13,068 square foot lot. 1010 Valencia St was first listed on ArdentRealEstateGroup.com on July 4, 2020. The homeowner sold the property for $3,600,000. Home in Costa Mesa are selling for a median price of $1,370,000 and a median price per square foot of $783. Based on Ardent Real Estate Group's Costa Mesa Market Data, this home is sold 169.71% higher than the current median priced home. Local homes that are currently for sale include 206 Chicago Ave, 16172 Malaga Ln and 1071 Walnut St. While the average home in Costa Mesa, CA is selling in 32 days, 1010 Valencia St has a days on market of 114 days. There are currently 116 homes for sale in the Costa Mesa real estate market and 92 of them are single family homes while 8 of them are condos and 16 are townhomes. For more information on this home for sale at 1010 Valencia St Costa Mesa, CA 92626 contact Ardent Real Estate Group and we will put you in touch with one of our Costa Mesa agents.

Public Facts for 1010 Valencia St

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
4,670
Lot Size
6,312
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
41
APN
141-664-09

The source for these homes facts are from public records.

92626 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,399,000
Median List Price/Sq.Ft.
$745
Median Sold Price
$1,337,000
Median Sold Price/Sq.Ft.
$757
Total Inventory
47
Median Sale to List Price %
99.04%
Avg Days on Market
26
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (25%), Other (25%)

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Recently Sold Homes Near 1010 Valencia St

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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