Two CoII–CoIII mixed‐valance complexes of molecular formulas [Co2(H2L)2(H2O)2][Co2(H2L)2(H2O)(m‐phth)]·8(H2O) {1; H2L2– = 2‐[(2‐hydroxy‐3‐methoxybenzylidene)amino]‐2‐(hydroxymethyl)propane‐1,3‐diolato, m‐phth = 1,3‐benzenedicarboxylate} and [Co4(H2L)4(H2O)2(ppda)]·2(dmf)·3.2(H2O) {2; ppda = 1,4‐phenylenediacrylate; dmf = N,N‐dimethylformamide} were synthesized and characterized by single‐crystal X‐ray diffraction and magnetic studies at low temperature. The structural determination reveals that 1 is composed of dinuclear ion pairs, namely, a cationic [Co2(H2L)2(H2O)2]+ (1+) and an anionic [Co2(H2L)2(H2O)(m‐phth)]– (1–) unit. In each of these ions, the CoII and CoIII centers present distorted octahedral geometries. Compound 2 is a centrosymmetric tetranuclear complex comprising two symmetry‐related dinuclear CoII–CoIII units bridged by ppda anions. Alternating current/direct current (ac/dc) magnetic studies revealed that the individual CoII–CoIII unit exhibits field‐induced slow magnetic relaxation consistent with single‐ion magnet (SIM) behavior. Ab initio NEVPT2 calculations confirm large zero‐field splitting (zfs) from a first‐order spin–orbit coupling (SOC) in both complexes (D = –62.4, –95.8, and –101.9 cm–1 and E/D = 0.219, 0.216, and 0.234 for 1+, 1–, and 2, respectively).