1925 Wallace Avenue

Costa Mesa, CA 92627

$2,850,000

List Price

8

bed Beds

5

shower Baths

3,788 sqft

straighten / sqft

1960

calendar_month Built

Property Description

Unique opportunity for Value-Add Investment. Two contiguous properties totaling 18,295 sq. ft of land. Front property consists of (4) two bedroom, 1/2 bath units. Existing leases are all short term, two units will be delivered vacant thus giving the new buyer to increase rents. Back lot is all paved in asphalt and the City of Costa Mesa will approve the development of 3 additional residential units.

Listing Information

List Price $2,850,000
Status Active
MLS 24407777
Type Residential Income
Year Built 1960
Lot Size 18,295
Structure Size 3,788
DOM 69
Courtesy Of Colliers International Greater Los Angel
Listing Agent Joseph Winkelmann DRE#01259378

Interior Features

Total Bedroom
Bedrooms 8
Total Bathroom
Bathrooms 5
Fireplace Information
Features None
Additional Information
Additional Features Ceiling Fan(s)
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Joseph Winkelmann, Colliers International Greater Los Angel . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:39 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.