Costa Mesa, CA 92627 1925 Wallace Avenue
$2,599,999
7 more
Presented By: Joseph Winkelmann with Colliers International Greater Los Angel;
Beds • 8
Baths • 1
SQFT • 3,788
Home Details
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.
Presented By: Joseph Winkelmann with Colliers International Greater Los Angel;
Interior Features for 1925 Wallace Avenue
Bedrooms
Total Bedrooms8
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths5
Other Interior Features
LivingAreaSourceAssessor
Air Conditioning Y/NNo
Common WallsOneCommonWall
Fireplace FeaturesNone
Fireplace Y/NNo
Interior AmenitiesCeilingFans
Total Stories2
General for 1925 Wallace Avenue
Additional Parcels Y/NYes
AppliancesDishwasher, Microwave, Refrigerator
Attached Garage No
CityCosta Mesa
CoolingNone
CountyOrange
DirectionsWestside Costa Mesa
Facing DirectionWest
Full Baths
Gross Income46800
HOANo
LevelsTwo
Living Area3788
Lot Size Square Feet18295
Lot Size UnitsSquareFeet
MLS AreaC2 - Southwest Costa Mesa
Net Operating Income44225.84
New ConstructionNo
Number Of Units Total4
Occupancy TypeTenant
PostalCityCOSTA MESA
Property Attached Y/NYes
Property TypeResidentialIncome
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Tenant PaysCableTv, Electricity, Gas
ViewNone
Year Built1960
Year Built SourceOther
Exterior for 1925 Wallace Avenue
Building Area Total3788
Lot FeaturesBackYard, FrontYard
Lot Size Acres0.42
Lot Size Area18295
Lot Size SourceAssessor
Number of Buildings1
Parking FeaturesOnStreet, Uncovered
Total Parking0
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Josh Russell
Realtor®