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Sold on 09/21/2021
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1925 Wallace Ave, Costa Mesa, CA 92627

$2,859,000

Last sold 09/21/2021 for $1.4M

  • 8

    bed

  • 5

    bath

  • 3,788

    Sqft ($370/Sqft)

Multi-family not for sale
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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
This 8-bedroom, 5-bathroom multi-family property is located at 1925 Wallace Ave, Costa Mesa, CA, 92627, in the Westside Costa Mesa neighborhood in Orange County and was built in 1960. The property offers 3,788 square feet of living space on a 18,295 sq ft (0.42-acre) lot. The estimated market value is $2,859,000, approximately $755 per square foot.
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
$2.85M
Range: $2.51M-$3.2M
Last 30 days 
  • Sep 2026
  • Sep 22, 2026 Delisted
    $2,599,999
  • Dec 2, 2025 Price Change
    $2,599,999 (-99.0%)
  • Dec 1, 2025 Price Change
    $259,900,000 (+9019.3%)
  • Jan 23, 2023 Listed
    $259,900,000 (+18464.3%)
  • Jun 2024
  • Jun 7, 2024 Listed
    $2,850,000 (-98.9%)
  • Sep 2021
    Public Records
  • Sep 21, 2021 Sold
    $1,400,000
  • Year Property taxes Tax assessment
  • 2024
    $18,497 +3.7%
    $1,456,560 +2.0%
  • 2023
    $17,845 +3.5%
    $1,428,000 +2.0%
  • 2022
    $17,247 +360.4%
    $1,400,000 +873.8%
  • 2021
    $3,746 +2.5%
    $143,767
  • 2020
    $3,653
    $143,767
  • 1925 Wallace Ave
    $1.4M
  • Westside Costa Mesa
    $1.22M -17% y/y
  • 92627
    $1.24M -10% y/y
  • Costa Mesa
    $1.34M -9% y/y
No chart available
Statistics calculated by Movoto

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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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