994 Valencia St, Costa Mesa, CA 92626
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994 Valencia St Costa Mesa, CA 92626

$1,700,000 Sold Price as of 12/13/2023
  • 6 Beds
  • 6 Baths
  • 4,062 Sq.Ft.
Sold
$1,700,000 Sold Price as of 12/13/2023 Refinance Your Mortgage

Map preview of 994 Valencia St, Costa Mesa, CA 92626

Property Overview: 994 Valencia St Costa Mesa, CA has 6 bedrooms, 6 bathrooms, 4,062 living square feet and 6,534 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Notice to all interested parties. Property under contract subject to court confirmation, and overbid. PETITION FOR CONFIRMATION OF SALE OF REAL PROPERTY Hearing scheduled for 9:00AM, October 31, 2023, in Department CM08 of the Superior Court of California, County of Orange, Costa Mesa Justice Complex. Case # 30-2019-01064803-PR-TR Property under contract with buyer for $1,700,000. Minimum overbid is $1,785,500. Judge will set the successive incremental overbid amounts. Buyers wishing to participate in overbidding must come to court prepared with proof of funds to purchase, dated no more than 30 days, and be prepared to close escrow in 10 days after receipt of order confirming sale. No interior access will be available, and buyer accepts property in current as-is condition, with all four apartments being tenant occupied by long term tenants on month to month tenancies. Diamond in the rough 4 unit apartment building in desirable Costa Mesa location nestled in the heart of Orange County. This building is unique in it's configuration of apartments, and would be ideal for an owner to live in the comfortable 2 level townhouse style 3 bedroom unit of over 1600 sq.ft, with a huge common courtyard. The neighboring unit is a large 2 story 2 bedroom townhouse style unit that is over 1200 sq.ft. Nobody above or below each of these units, with the other two units, a 1 bedroom and a studio perched above the rare 6 car garage, plus one off street parking spot. This building sits in the middle of a tree lined block, with gated courtyard entry from both the front, as well as from the alley that services the garages in the back. As you'll note, there is deferred maintenance, and this will be an as-is sale, subject to court approval, and overbid in court.

Listed by Michael Bojorquez | BRE #01273181 | Keller Williams OC Coastal Realty
Last checked: 12 minutes ago | Last updated: December 14th, 2023 | Source CRMLS | DOM: 39

Home details

Lot Sq. Ft
6,534
HOA Dues
$0/mo
Year built
1964
Garage
6 Car
Property Type:
Fourplex
Status
Sold
MLS#
OC23063004
City
Costa Mesa
County
Orange
Time on Site
523 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $1,815
  • Total Rent: $21,780
  • Pro Forma/Market Rent: $21,780
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $1,100
  • Total Rent: $13,200
  • Pro Forma/Market Rent: $13,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $1,100
  • Total Rent: $13,200
  • Pro Forma/Market Rent: $13,200
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $1,310
  • Total Rent: $15,720
  • Pro Forma/Market Rent: $15,720
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $64,620
  • Net Operating Income: $48,154
  • Gross Operating Income: --
  • Vacancy Allowance: $0
  • # of Rented Garages: 6
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
Annual Expense Breakdown
  • Total Operating Expense: $16,466
  • Electric: $1,300
  • Gas/Fuel: $803
  • Trash: $1,092
  • Insurance: $3,416
  • Water/Sewer: $971

Property Details for 994 Valencia St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • See Remarks
Laundry Information
  • Has Laundry
  • See Remarks
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: See Remarks
  • See Remarks
Kitchen Information
  • Has Appliances
  • Water Heater
Interior Features
  • Block Walls
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Block, Wood
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Garage, Garage Faces Rear
Lot Information
  • Lot Features: Lawn, Level with Street, Lot 6500-9999, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 14166431
  • Year Built Source: Assessor
  • Architectural Style: Traditional
  • Entry Level: 1
  • Foundation Details: Concrete Perimeter
  • Property is not Attached
  • Accessibility Features: None
  • Property Condition: Fixer
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer, Sewer Assessments
  • Water Source: Public
  • Utilities: See Remarks
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify
Location / Neighborhood
Location Information
  • Subdivision Name: Costa Mesa Residential Income (CMRI)
  • Directions: Baker to Mendoza to Valencia
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
Neighborhood Information
  • Community Features: Gutters
View more facts & features

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Sale History for 994 Valencia St

Last sold for $1,700,000 on December 13th, 2023
  • December, 2023

  • Dec 13, 2023

    Date

    Sold

    CRMLS: OC23063004

    $1,700,000

    Price

  • Apr 14, 2023

    Date

    Active

    CRMLS: OC23063004

    $1,700,000

    Price

  • March, 1994

  • Mar 24, 1994

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 994 Valencia St

Assessed Value (2020): $111,688
Year Land Value Improved Value Assessed Value
2020 $27,922 $83,766 $111,688

Home Value Compared to the Market

This property vs the competition

994 Valencia St sold on December 13, 2023 for 37.35% higher than the current median sold price for the city of Costa Mesa which is $1,300,000. The median sold price per/sqft for Costa Mesa is $801 and this home is sold at $439.56 per/sqft which puts the price per square foot 45.12% lower than the current median sale per square foot for the city of Costa Mesa.

About 994 Valencia St

Detailed summary of property

994 Valencia St is a fourplex that recently sold in Costa Mesa, CA 92626. This fourplex offered 6 bedrooms, 6 bathrooms, roughly 4,062 living square feet, and sits on an approximately 6,534 square foot lot. 994 Valencia St was first listed on ArdentRealEstateGroup.com on April 15, 2023. The homeowner sold the property for $1,700,000. Home in Costa Mesa are selling for a median price of $1,300,000 and a median price per square foot of $801. Based on Ardent Real Estate Group's Costa Mesa Market Data, this home is sold 37.35% higher than the current median priced home. Local homes that are currently for sale include 756 N Shattuck Pl, 2321 E Omega Ave and 2121 E Almont Ave. While the average home in Costa Mesa, CA is selling in 43 days, 994 Valencia St has a days on market of 39 days. There are currently 148 homes for sale in the Costa Mesa real estate market and 110 of them are single family homes while 21 of them are condos and 17 are townhomes. For more information on this home for sale at 994 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 994 Valencia St

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
4,062
Lot Size
6,706
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
33
APN
141-664-31

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
$1,599,000
Median List Price/Sq.Ft.
$778
Median Sold Price
$1,300,000
Median Sold Price/Sq.Ft.
$786
Total Inventory
63
Median Sale to List Price %
93.86%
Avg Days on Market
16
Loan Type
Conventional (35.71%), FHA (0%), VA (0%), Cash (32.14%), Other (32.14%)

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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.