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1925 Wallace Avenue
Costa Mesa, CA 92627
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 INFORMATION
| MLS # | 24407777 | Lot Size | 18,295 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 2,850,000
Price Per SqFt: $ 752 |
DOM | 308 Days |
| Address | 1925 Wallace Avenue | Type | Residential Income |
| City | Costa Mesa | Sq.Ft. | 3,788 Sq. Ft. |
| Postal Code | 92627 | Garage | N/A |
| County | Orange | Year Built | 1960 |
| Bed / Bath | 8 / 0 | Parking | N/A |
| Built In | 1960 | Status | Active |
INTERIOR FEATURES
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | Yes |
| Kitchen Appliances | Dishwasher, Microwave, Refrigerator |
| Has Cooling | No |
| Cooling Information | None |
| InteriorFeatures Information | Ceiling Fan(s) |
EXTERIOR FEATURES
WALKSCORE
Walk Score: 83 (Very Walkable)
Transit Score: 43 (Some Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $3,040
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 06/07/2024 | Listed | $2,850,000 |
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Listing provided courtesy of Joseph Winkelmann, Colliers International Greater Los Angel. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
