SOLD 03/28/2024
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Home sold for $1,936,000 in 65 days
985 Valencia St Costa Mesa, CA, 92626
Off the market 6 beds 4,062 sqft
Welcome to 985 Valencia Street four-unit apartment community, built in 1964, it is comprised of a fantastic unit mix of (1) 3- Bedroom/2.5-Bathroom 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 can access 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 rental 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 not only promises a secure investment but also positions itself as an inviting residential haven at the heart of Costa Mesa's vibrant offerings.
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Property details
4,062 sqft interior area
Property type
Home
Interior area
4,062 sqft
View
None
Land area
6,534 sqft (0.15 acres)
Price per sqft
$476/sqft
Address
985 Valencia St, Costa Mesa, CA, 92626
City of California
Costa Mesa
County
Orange
Sold price
$1,936,000
nr.of parking places
7
Year Built
1964
District
Listing
Open Houses
No upcoming open houses
Interior Features
7 parking places
Beds
6
Parking
7
Garage & Parking
Assigned
Laundry Features
Common Area
Heathing & Cooling
No Air Conditioning, Wall Furnace
Listed by
Nick Gould, Gould Group Inc
Name
Nick Gould
License number
01521955
Brokerage company
Gould Group Inc
MLS #
CRNP24014850
Buyer agent
Name
Ramsey Oliveras
Brokerage company
RE/MAX Estate Properties
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Mortgage
$5,944
Taxes
$0
HOA dues
$0
Mortgage
$387,200 / 20%
2.28%
30 years
Your amount
$5,944 / month
Exterior Features
—
Yard
Other
Lot details
TMK #14166519
Parcel nr.
14166519
92626 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
—
no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
—
no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 92626
43%
Families with children
National average: 39%
37%
Non family households
450,701
Population
$116,612
Average Income
Age & gender
Median age 34 years
More info
Commute types
85% commute by car
More info
Education level
24% have bachelor education
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Number of employees
2% work in management
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Vehicles available
39% have 2 vehicle
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Vehicles by gender
39% have 2 vehicle
More info
Housing market insights for
$1.31m
Neighborhood average
sales price*
sales price*
$1.2m
Neighborhood median
sales price*
sales price*
461
Number
of sales*
of sales*
Housing type
37% are single detacheds
More info
Rooms
42% of the houses have 4 or 5 rooms
More info
Bedrooms
60% have 2 or 3 bedrooms
More info
Owners vs Renters
57% are renters
More info
8.67 / 20
Below Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold Mar 28, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Mar 28, 2024 | Sold | $1,936,000 | 476.61 | Public Record |
| Mar 28, 2024 | Price Decrease | $1,936,000 -7.77% | 476.61 | MLS #CRNP24014850 |
| Mar 3, 2024 | Pending | $2,099,000 | 516.74 | MLS #CRNP24014850 |
| Feb 2, 2024 | Under contract | $2,099,000 | 516.74 | MLS #CRNP24014850 |
| Jan 24, 2024 | New Listing | $2,099,000 | 516.74 | MLS #CRNP24014850 |
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Frequently Asked Questions about 985 Valencia St
What is 985 Valencia St?
985 Valencia St, Costa Mesa, CA, 92626 is a single family home located in the city of Costa Mesa, California with zipcode 92626. This single family home has 6 bedrooms with an interior area of 4,062 sqft.
Which year was this home built?
This home was build in 1964.
Which year was this property last sold?
This property was sold in 2024.
What is the full address of this Home?
985 Valencia St, Costa Mesa, CA, 92626.
Are grocery stores nearby?
The closest grocery stores are Mitsuwa, 0.89 miles away and Henrys, 1.17 miles away.
What is the neighborhood like?
The 92626 zip area has a population of 450,701, and 43% of the families have children. The median age is 34.98 years and 85% commute by car. The most popular housing type is "single detached" and 57% is renter.
Based on information from the bridgeMLS as of 04-29-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Mar 29, 2024
Verhouse Last checked 5 minutes ago
The closest grocery stores are Mitsuwa, 0.89 miles away and Henrys, 1.17 miles away.
The 92626 zip area has a population of 450,701, and 43% of the families have children. The median age is 34.98 years and 85% commute by car. The most popular housing type is "single detached" and 57% is renter.
*Neighborhood & street median sales price are calculated over sold properties over the last 6 months.
