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1925 Wallace Ave, Costa Mesa, CA 92627

  • $2,599,999

    •

  • 8

    bed

  • 5

    bath

  • 3,788

    Sqft ($686/Sqft)

Multi-family for sale 203 days
$257M price drop
Movoto is helping 16 homebuyers near you

About 1925 Wallace Ave

Property type Multi-family
Neighborhood
Year built 1960
HOA fee $0/month
Lot size 0.42 Acre
Movoto estimate
Property description
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.
Listed by
Listing Agent - Joseph Winkelmann
Listing Office - Colliers International Greater Los Angel
Source: The MLS mls logo
MLS#25623849 • last updated 5 months ago
Movoto checked The MLS for data 40 minutes ago
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Overview
Levels/Style Two
MLS # 25623849
Type Residential Income
Status Active
SqFt 3788
Lot Size (SqFt) 18295
Lot Size (Acres) 0.42
Year Built 1960
Condition No Additions/Alter
Interior
Total # of Baths 5
Total # of Bedrooms 8
Fireplace Desc None
Exterior
Parking Desc Uncovered, On Street, Detached
Lot Desc Back Yard, Fenced Yard, Front Yard
Add'l Structures None
Amenities / Utilities
Equipment Ceiling Fan, Microwave, Water Conditioner, Refrigerator, Ice Maker, Range/Oven, Dishwasher, Freezer
HOA Amenities None
Location
County Orange
Waterfront None
View None
APN 422-271-16
Multifamily Details
Tenant Pays Gas, Electricity, Cable TV
Unit 3: Furnished No
Unit 1: Furnished No
Unit 4: Furnished No
Unit 1: # Beds 2
Unit 4: # Beds 2
Unit 3: Rent 2000
Unit 4: Rent 1900
Owner Pays Water, Other
Unit 2: Furnished No
Unit 3: # Beds 2
Unit 2: # Beds 2
Unit 2: # Baths 1
Unit 3: # Baths 2
Unit 1: # Baths 1
Unit 4: # Baths 1
Unit 4: Actual Rent 1900
Unit 3: Actual Rent 2000
Unit Type 2106, 2107, 2108, 2109
Total # Of Buildings 1
Net Operating Income 44225.84
Vacancy Rate Yes
Gross Income 46800
Total Annual Expenses 2574.16
Lot/ Land Details
Add'l APN True
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4/10
Pomona Elementary School
public Grades K-6
Newport-Mesa Unified School District
6/10
Estancia High School
public Grades 9-12
Newport-Mesa Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • CA
  • Orange County
  • Costa Mesa
  • 92627
  • Westside Costa Mesa
  • 1925 Wallace Ave

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