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1925 Wallace Ave
For Sale $2,599,999 ($686.38 per Sq Ft)
$2,599,999 ($686.38 per Sq Ft)
- 8 Bedrooms
- 5.00 Bathrooms
- 3,788 Sq Ft
- 18,295 Sq Ft
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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,599,999 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | 3,788 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1960 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 42227116 |
| MLS # | 25623849 |
| Property ID | 322422976 |
| Lot Sqft | 18,295 |
| Zoning | Unknown |
| Total Units | 4 |
| Days on Market | 1,093 |
| Original List Price | $259,900,000 |
| Date Updated | January 06, 2026 |
| Date Created | January 23, 2023 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 2 | 1.00 | $0 | $0 |
| Unit #2 | 2 | 1.00 | $0 | $0 |
| Unit #3 | 2 | 2.00 | $2,000 | $0 |
| Unit #4 | 2 | 1.00 | $1,900 | $0 |
| Gross Income (Yr) | $ 0 |
| Operating Expenses | $ 2,574 |
| Net Income (Yr) | $ 44,226 |
Listing Provided By
Joseph Winkelmann an agent of . Lic #01259378
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Robert Crawford
REAL ESTATE AGENT