994 Valencia Street

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.