2028 Wallace Avenue C

Costa Mesa , CA 92627

MLS#: NP25117556

$2,250,000

Status: Active
Listing number: NP25117556
Listing provided by: Gould Group Inc
Listing agent phone: None
Last update: a month ago
On site: 2 months ago
Browse Properties
Costa Mesa Residential Income (CMRI) - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1956

Sq.Footage

N/A

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) 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.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    7

  • Parking

    Assigned

  • Pool

    Yes

  • Pool Features

    None

Area & Lot

  • Lot Size(acres)

    0.4256

  • Property Type

    Residential Income

  • Property Sub Type

    Apartment

Price

  • Sales Price

    $2,250,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    1

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

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Location

County

Orange

Elementary School

Middle School

High School

Listing Courtesy of Nick Gould , Gould Group Inc

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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) 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.

2028 Wallace Avenue C

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