1925 Wallace Avenue
Costa Mesa, CA 92627
8
Bed
0
Bath
3,788Sqft
18,295Sqft(Lot)
Unique opportunity for Value-Add Investment. Two contiguous properties totaling 18,295 sq. ft of land. Front property consists of (4) two bedroom, 1/2 bath units. Existing leases are all short term, two units will be delivered vacant thus giving the new buyer to increase rents. Back lot is all paved in asphalt and the City of Costa Mesa will approve the development of 3 additional residential units.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
-
Bedroom Information
Total Bedrooms: 8Bathroom Information
Total Baths: 5 Full Baths: 0 Half Baths: 0 -
Interior Features
Interior Features: Ceiling Fan(s) Property Appliances: Dishwasher,Microwave,Refrigerator Fireplace: None -
Cooling Features
None Air ConditioningFireplace
Fireplace Features: None Has Fireplace: 0
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Building Information
Year Built: 1960 Building Area Total: 3,788
-
Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.42 -
Lot Size Source: Assessor Lot Size Square Feet: 18295
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Listing Price Information
Original List Price: 2,599,999 Listing Contract Date: 2023-01-23 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 42227116
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Garage and Parking
Garage Description: On Street,UncoveredHomeowners Association
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Rental Info
Lease Term: Negotiable Tenant Pays: Cable TV,Electricity,Gas
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Other Property Info
Source Listing Status: Active Source Neighborhood: C2 - Southwest Costa Mesa Postal Code Plus 4: 6222 Directions: Westside Costa Mesa Source Property Type: Residential Income Area: C2 - Southwest Costa Mesa -
Building and Construction
Property Age: 66 Common Walls: 1 Common Wall Year Built Source: Other Total Square Feet Living: 3788 Property Attached: Yes Levels or Stories: Two Building Total Stories: 2
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 137 The Masters Circle, Costa Mesa, CA, 92627 | $2,280,000 | 4 | 4 | 3,887 | 3,887 SqFt |
| 315 University Drive, Costa Mesa, CA, 92627 | $2,675,000 | 2 | 2 | 1,225 | 1,225 SqFt |
| 341 Vista Baya, Costa Mesa, CA, 92627 | $4,625,000 | 4 | 3 | 4,590 | 4,590 SqFt |
| 132 E 23rd Street, Costa Mesa, CA, 92627 | $1,695,000 | 3 | 2 | 1,881 | 1,881 SqFt |
| 2197 Santa Ana Avenue, Costa Mesa, CA, 92627 | $2,725,000 | 4 | 2 | 2,055 | 2,055 SqFt |
| 2011 Tustin Avenue, Costa Mesa, CA, 92627 | $2,095,000 | 3 | -- | 1,408 | 1,408 SqFt |
| 305 Robinhood, Costa Mesa, CA, 92627 | $3,695,000 | 5 | 3 | 2,863 | 2,863 SqFt |
| 415 Walnut, Costa Mesa, CA, 92627 | $3,295,000 | 3 | 2 | 1,430 | 1,430 SqFt |
| 291-293 Avocado Street, Costa Mesa, CA, 92627 | $9,595,000 | -- | -- | 18,012 | 18,012 SqFt |
| 327 W Wilson #107, Costa Mesa, CA, 92627 | $164,999 | 2 | 2 | 880 | 880 SqFt |
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ByOwner last updated this listing 06/06/2026 @ 15:14
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