CA > Costa Mesa > Costa Mesa Residential Income (Cmri)
Costa Mesa, CA 92627,2028 Wallace AVE #C
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Costa Mesa, CA 92627,2028 Wallace AVE #C
Costa Mesa, CA 92627,2028 Wallace AVE #C
Costa Mesa, CA 92627,2028 Wallace AVE #C
Costa Mesa, CA 92627,2028 Wallace AVE #C
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Christopher Von Leible

Christopher Von Leible

+1(310) 970-2829
$ 2,250,000
Est. payment /mo
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2028 Wallace AVE #C Costa Mesa, CA 92627

0.43 Acres Lot

UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Costa Mesa Residential Income (Cmri)

MLS Listing ID NP25117556

HOA Y/N No

Year Built 1956

Lot Size 0.426 Acres

Property Sub-Type Apartment

Property Description

Welcome to 2028 Wallace Avenue, a rare multifamily/redevelopment investment opportunity located in the heart of Costa Mesa's 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) 2BR/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

Area C4 - Central Costa Mesa

Interior

Fireplace No

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Parking Features Assigned

Garage Spaces 7.0

Garage Description 7.0

Pool None

Community Features Biking, Curbs, Storm Drain(s), Street Lights, Sidewalks

Total Parking Spaces 7

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 42225216

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Nick Gould • Gould Group Inc • ng@gouldgroupinc.com
agent

Christopher Von Leible

Advisor | License ID: 02215496

+1(310) 970-2829

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2028 Wallace AVE #C