Address
1925 Wallace Avenue, Costa Mesa, CA
Price
$ 2,599,999
Property Attributes
- MLS#25623849
- TypeSingle Family
- Listing Status Active
- CountyOrange
- CityCosta Mesa
- Area Southwest Costa Mesa
- Zip92627
- Style
- Year Built1960
- Price$ 2,599,999
- Bedrooms8
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage3788
- Lot Size0.42 Acres
Data Source:
California Regional MLS (CRMLS)
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.
| Price History | |
|---|---|
| 1/8/2026 | Listed $2,599,999 |
General Features
| Living Area | 3788 |
|---|---|
| Cooling | None |
| Appliances | Dishwasher,Microwave,Refrigerator |
| Year Built | 1960 |
| Tenant Pays | CableTv,Electricity,Gas |
| View | None |
| Stories Count | 2 |
| Levels | Two |
| Gross Income | 46800 |
| County | Orange |
| Net Operating Income | 44225.84 |
| New Construction | false |
| Property Type | ResidentialIncome |
| HOA | false |
| Attached Garage | false |
| Facing Direction | West |
| Special Listing Conditions | Standard |
| Status | Active |
| Directions | Westside Costa Mesa |
| City | Costa Mesa |
| Senior Community Y/N | false |
| Number Of Units Total | 4 |
| MLS Area | C2 - Southwest Costa Mesa |
| Lot Size Units | SquareFeet |
| Lot Size Square Feet | 18295 |
| Property Attached Y/N | true |
| Additional Parcels Y/N | true |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Year Built Source | Other |
| PostalCity | COSTA MESA |
Interior Features
| Interior Amenities | CeilingFans |
|---|---|
| Fireplace Features | None |
| Total Stories | 2 |
| Common Walls | OneCommonWall |
| Air Conditioning Y/N | false |
| Fireplace Y/N | false |
| Total Bedrooms | 8 |
| LivingAreaSource | Assessor |
| Total Baths | 5 |
Exterior Features
| Parking Features | OnStreet,Uncovered |
|---|---|
| Lot Features | BackYard,FrontYard |
| Lot Size Area | 18295 |
| Number of Buildings | 1 |
| Building Area Total | 3788 |
| Lot Size Acres | 0.42 |
| Lot Size Source | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 92627
Price
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of September 13, 2026 2:08 AM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
