2097 Wallace Avenue

Costa Mesa, CA 92627

$1,850,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $789 / sqft

1958

calendar_month Built

Property Description

Introducing an attractive investment opportunity at 2097 Wallace in the vibrant city of Costa Mesa, California. This modern, cottage-style triplex presents a compelling value with a strong 5.2% capitalization rate. Each of the three units has been meticulously renovated to offer high-end, contemporary living spaces. Features include new flooring, fresh interior and exterior paint, and fully updated kitchens with granite countertops and shaker cabinets. Bathrooms have full tile showers making them instantly appealing to prospective tenants. The property includes essential appliances such as refrigerators and gas stoves, along with ceiling fans throughout, enhancing tenant comfort and appeal. Each unit benefits from its own private yard, a desirable feature for all types of tenants including those with children or pets. Individual laundry hookups add a layer of convenience. Secure this turnkey property to capitalize on its excellent location and modern amenities, ensuring a steady revenue stream and robust return on investment. Unit Mix: 3 Units. Each unit has 2 Beds | 1 Bath | 750 sqft. Individual yards and laundry hookups. Detached two car garage could be additional revenue or potential ADU for a 4th Unit. Each unit is separately metered for gas and electric. New: Roof, Kitchens, Bathrooms, Sub Panels, Plumbing, Doors, Fencing and Irrigation.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Flooring Information
Material Vinyl
Fireplace Information
Features None
Interior Information
Features Ceiling Fan(s), Quartz Counters, Recessed Lighting
Cooling Type None

Listing Information

Address 2097 Wallace Avenue
City Costa Mesa
State CA
Zip 92627
County Orange
Listing Agent Ali Ghandour DRE#02016049
Courtesy Of Circa Properties, Inc.
MLS PW24083652
List Price $1,850,000
Status Active
Type Residential Income
Subtype Triplex
Structure Size N/A
Lot Size 7,532
Year Built 1958
DOM 7

Exterior Information

Maps

Listing information courtesy of: Ali Ghandour, Circa Properties, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of May 5th, 2024 at 2:13 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.