$1,900,000
$2,250,000
15.6%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
0.43 Acres Lot
SOLD DATE : 10/27/2025
Key Details
Sold Price $1,900,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision Costa Mesa Residential Income (C
MLS Listing ID NP25117556
Sold Date 10/27/25
Bedrooms 4
Lot Size 0.426 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Welcome to 2028 Wallace Avenue, a rare multifamily/redevelopment investment opportunity located in the heart of Costa Mesas rapidly evolving Westside. Situated on a massive lot, this three-unit property features an attractive unit mix consisting of (1) 3BR/2.5BA and (2) 1BR/1BA units across approximately 2,299 SF of existing living space. Positioned within the Mesa West Urban Plan and a federally recognized Opportunity Zone, 2028 Wallace offers significant upside potential. Investors have the opportunity to modernize the existing units, add Accessory Dwelling Units (ADUs), or redevelop the site entirely by leveraging the increased density allowances of the Mesa West Specific Plan. The Opportunity Zone designation further enhances the appeal with the potential for long-term tax advantages.
Location
State CA
County Orange
Zoning Assessor
Direction Located off W. 19th Street
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Tax ID 42225216
Acceptable Financing Cash
Listing Terms Cash
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Bought with Nick Gould Gould Group Inc
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