CA > Costa Mesa
Costa Mesa, CA 92627,2028 Wallace Avenue
Costa Mesa, CA 92627,2028 Wallace Avenue
Costa Mesa, CA 92627,2028 Wallace Avenue
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$2,250,000
Est. payment /mo
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5 Beds
4 Baths
0.43 Acres Lot
Active

2028 Wallace Avenue Costa Mesa, CA 92627

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Kurt Wannebo

Kurt Wannebo

+1(858) 405-5878

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID NP25117556

Bedrooms 5

HOA Y/N No

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) 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.
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) 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 Oc - Costa Mesa (92627)

Zoning Assessor

Exterior

Parking Features Unit1:Assigned

Building

Lot Description Curbs, Sidewalks

Story 1

Others

Monthly Total Fees $171

Acceptable Financing Cash

Space Rent $1,100

Listing Terms Cash

San Diego Regional MLS (SDMLS)
Listed by Nick Gould • Gould Group Inc

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agent

Kurt Wannebo

Broker Associate | CA Dre# 01468255

+1(858) 405-5878

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2028 Wallace Avenue

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