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1033 Valencia St, Costa Mesa, CA 92626
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1033 Valencia St Costa Mesa, CA 92626

$2,367,500 Sold Price as of 06/16/2023
  • 12 Beds
  • 8 Baths
  • 4,671 Sq.Ft.
Sold
$2,367,500 Sold Price as of 06/16/2023 Refinance Your Mortgage
Map preview of 1033 Valencia St, Costa Mesa, CA 92626

Property Overview: 1033 Valencia St Costa Mesa, CA has 12 bedrooms, 8 bathrooms, 4,671 living square feet and 6,690 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to 1033 Valencia Street in Costa Mesa. The building is comprised of all 3-Bedroom/2-Bathroom units, two of which have been recently remodeled. The building's exterior has also recently been upgraded with new windows and paint, making this one of the cleanest buildings on the street. Fourplexes rarely come available for sale in this Mesa Del Mar neighborhood, making this an incredible opportunity for an investor. Tenants have access to a community courtyard, on-site laundry, and (4) single-car garages, one for each unit. Each of the units also has a private patio or balcony. You will not find a more in-demand Costa Mesa rental market, located within walking distance of schools and shopping.

Listed by Nick Gould | BRE #01521955 | Morgan Skenderian
Last checked: 8 minutes ago | Last updated: June 17th, 2023 | Source CRMLS | DOM: 25

Home details

Lot Sq. Ft
6,690
HOA Dues
$0/mo
Year built
1964
Garage
4 Car
Property Type:
Fourplex
Status
Sold
MLS#
PW23057269
City
Costa Mesa
County
Orange
Time on Site
405 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,970
  • Total Rent: $5,940
  • Pro Forma/Market Rent: $3,250
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,732
  • Total Rent: $2,732
  • Pro Forma/Market Rent: $3,250
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,578
  • Total Rent: $2,578
  • Pro Forma/Market Rent: $3,250
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.5%
  • Gross Rent Multiplier: 17.88
  • Gross Scheduled Income: $137,000
  • Net Operating Income: $86,713
  • Gross Operating Income: $132,890
  • Vacancy Allowance: $4,110
  • Laundry Income: $2,000
Annual Expense Breakdown
  • Total Operating Expense: $46,177
  • Electric: $2,945
  • Gas/Fuel: $0
  • New Taxes: $27,156
  • Trash: $2,792
  • Insurance: $1,600
  • Maintenance: $6,644
  • Water/Sewer: $3,100

Property Details for 1033 Valencia St

Interior Features
Laundry Information
  • Has Laundry
  • Common Area, Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 8
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 14166503
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Mesa Del Mar
  • Directions: Located near the 405, 55, and 73 Freeways
Neighborhood Information
  • Community Features: Biking, Curbs, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Costa Mesa Agent

Sale History for 1033 Valencia St

Last sold for $2,367,500 on June 16th, 2023

  • June, 2023

  • Jun 16, 2023

    Date

    Sold

    CRMLS: PW23057269

    $2,367,500

    Price

  • Apr 7, 2023

    Date

    Active

    CRMLS: PW23057269

    $2,450,000

    Price

  • November, 2001

  • Nov 21, 2001

    Date

    Sold (Public Records)

    Public Records

    $335,000

    Price

  • February, 1998

  • Feb 23, 1998

    Date

    Sold (Public Records)

    Public Records

    $245,000

    Price

Show More

Tax History for 1033 Valencia St

Assessed Value (2020): $560,159
Year Land Value Improved Value Assessed Value
2020 $386,510 $173,649 $560,159

Home Value Compared to the Market

This property vs the competition

1033 Valencia St sold on June 16, 2023 for 78.83% 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 $524.51 per/sqft which puts the price per square foot 33.01% lower than the current median sale per square foot for the city of Costa Mesa.

About 1033 Valencia St

Detailed summary of property

1033 Valencia St is a fourplex that recently sold in Costa Mesa, CA 92626. This fourplex offered 12 bedrooms, 8 bathrooms, roughly 4,671 living square feet, and sits on an approximately 6,690 square foot lot. 1033 Valencia St was first listed on ArdentRealEstateGroup.com on April 7, 2023. The homeowner sold the property for $2,367,500. 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 78.83% higher than the current median priced home. Local homes that are currently for sale include 280 E 16th St., 210 41st St and 208 41st St. While the average home in Costa Mesa, CA is selling in 32 days, 1033 Valencia St has a days on market of 25 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 1033 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 1033 Valencia St

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
4,671
Lot Size
6,182
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
46
APN
141-665-03

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 1033 Valencia St

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1022 El Camino Dr, Costa Mesa, CA 92626
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998 Valencia St, Costa Mesa, CA 92626
$1,400,000 Last Sold Price
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5 Baths
4062 Sq.Ft.
998 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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