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New Apartment Building with Modern Finishes
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988 Valencia, Costa Mesa, CA 92626

MULTI_FAMILY - Costa Mesa, CA

Property Size750 SF
Lot Size0.14 Acres
Price / SF$3.93
Days on Market42

Property Features for 988 Valencia

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Bedrooms 2
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1, Laundry Room
Pets allowed Breed Restrictions
Appliances Electric Water Heater, Tankless Water Heater, Dishwasher, Electric Cooktop
Subdivision Costa Mesa Residential Income (CMRI)
Lot features 0-1 Unit/ Acre
Elementary school district Newport Mesa Unified
Middle school district Newport Mesa Unified
High school district Newport Mesa Unified
Directions baker to mendoza (south)
Standard status Active
Size 750 SF
Lot size 0.14 Acres

Utilities

Utilities Electricity Available
Sewer type Public Sewer
Heating system Central
Cooling system Central Air
Water source Public

Building Details

Year built 2026
Floors in Building 1
Number of units 9
Listing Agency: RE/MAX One · RE/MAX International
Listed By: Arthur Alderete · License #01281647
Added: Jul 6 Changed: Aug 16 Last Checked: Aug 16 at 5:06AM
MLS# OC26146616

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 2026 apartment building offers 750 square feet with a two-bedroom, two-bathroom layout and a dedicated laundry room. Interior specifications include vinyl plank flooring, 4-inch baseboards, smooth drywall, recessed lighting, energy-efficient windows, quartz surfaces, white shaker cabinetry, and contemporary kitchen and bathroom fixtures. The bathrooms include glass sliding doors, full tile surrounds, and utility niches. Appliances include a refrigerator, washer and dryer, stove, dishwasher, microwave, electric cooktop, and tankless water heater. Central heating and central air conditioning are provided, with three HVAC split-system units.

The property is located at 988 Valencia in Costa Mesa, California. Public water and public sewer serve the property, with electricity available. The anticipated certificate of occupancy date is July 21, 2026.

Key Highlights

  • 750‑square‑foot apartment building with 2 bedrooms, 2 bathrooms, and a laundry room
  • 2026 construction with anticipated certificate of occupancy on 7.21.26
  • Three HVAC split‑system units with central heating and central air

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Butcher Restaurant Pet Grooming Service Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,774
Businesses Nearby

Demographics for 92626, CA

50,885
Population
20,643
Households
2.5
Avg Household Size
37
Median Age
46%
College-Educated
91%
High-School Grad
9.7 sq mi
ZIP Area
5,246
Density / Sq Mi
$117,627
Median Household Income
$55,920
Median Earnings
$2,520
Median Rent
$1,037,700
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - New apartment property featuring updated interiors, contemporary fixtures, central HVAC, and in-unit laundry facilities.
Where is this apartment building located?
The property is located at 988 Valencia Costa Mesa, CA.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: 750‑square‑foot apartment building with 2 bedrooms, 2 bathrooms, and a laundry room; 2026 construction with anticipated certificate of occupancy on 7.21.26; Three HVAC split‑system units with central heating and central air
More about this property
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