1925 Wallace Avenue
$2,850,000
8
5
3,788
3,788
$752
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.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.
- Listed by Joseph Winkelmann • DRE #01259378 • Brokerage DRE #01895979 • Colliers International Greater Los Angel
Property Details for 1925 Wallace Avenue
Water Front
None
StyleLow Rise
Cross Streetsw 19th Street & Wallace Avenue
Parcel Number42227116
Total Units4.0
Living Area3788
Source Living AreaAssessor
AreaSouthwest Costa Mesa (C2)
LISTING UPDATED: 08/15/2024 02:18 PM
Property Details for 1925 Wallace Avenue
Status | Active |
---|---|
MLS # | 24-407777 |
Days on Market | 166 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1960 |
Lot Size | 0.42 AC / 18,295 SF |
County | Orange County |
Building Information for 1925 Wallace Avenue
Stories2Residences-Year Built1960Building Size-Lot Size0.42 AC / 18,295 SF
Property Information for 1925 Wallace Avenue
Property History for 1925 Wallace Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1925 Wallace Avenue
Taxable ValueLand$1,300,500Additions$156,060Total$1,456,560
Tax Record2024$18,497 ($1,541 / month)
Home Facts
Total Finished SqFt3,788 SqFtAbove Grade Finished SqFt3,788 SqFtLot Size8,890 SqFtStyleMulti-Family Res (5+ Units)Year Built1960CountyORANGEAPN422-271-16
Schools near 1925 Wallace Avenue
This home is within Newport-Mesa Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 6 |
Rating | School | Distance |
---|---|---|
Pomona Elementary School PublicK to 6 | ||
Charles W. Tewinkle Middle School Public7 to 8 | ||
Estancia High School Public9 to 12 | ||
Maude B. Davis Elementary School PublicK to 6 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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