We are pleased to present 2016 Wallace Avenue, an added-value 6-unit apartment building in Costa Mesa's up-and-coming Westside submarket. Built in 1962, the building is comprised of two(2) completely detached,single-story, 2-Bedroom/1-Bathroom cottages at the front and rear of the property and two (2) single-story duplexes with 2-Bedroom/1-Bathroom units. The common duplex walls are in the garage, making the duplex units feel like detached cottages. All units come with a garage, one off-street space, a washer/dryer hookup, and private patios or yards. This opportunity has massive upside for the right investor.
Sold for $2,500,000 on 08/21/23
Listing Provided by:
Nick Gould DRE #01521955 949-251-8800,
Morgan Skenderian
Bought with: Morgan Skenderian
$2,500,000
2016 Wallace Ave, Costa Mesa, CA 92627
12beds
6baths
5,400sqft
Multi Family
Built in 1962
-- sqft lot
$3,107,200 Zestimate®
$463/sqft
$3,212 Estimated rent
Home value
$3,107,200
$2.67M - $3.64M
$3,212/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: August 21, 2023 at 03:21pm
Listing Provided by:
Nick Gould DRE #01521955 949-251-8800,
Morgan Skenderian
Bought with:
Nick Gould, DRE #01521955
Morgan Skenderian
Source: CRMLS,MLS#: PW23064620
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 6
Appliances
- Laundry: Washer Hookup, Gas Dryer Hookup
Features
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 5,400
- Total interior livable area: 5,400 sqft
Property
Parking
- Total spaces: 12
- Parking features: Garage
- Garage spaces: 6
- Uncovered spaces: 6
Features
- Levels: One
- Stories: 1
- Entry location: 6
- Pool features: None
Lot
- Size: 0.42 Acres
- Features: 6-10 Units/Acre, Front Yard
Details
- Parcel number: 42225218
- Special conditions: Standard,Trust
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1962
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Biking, Curbs, Storm Drain(s), Sidewalks
Location
- Region: Costa Mesa
- Subdivision: ,Westside Cm
HOA & financial
Other financial information
- Total actual rent: 10670
Other
Other facts
- Listing terms: Cash,Cash to New Loan,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 8/21/2023 | Sold | $2,500,000-9.1%$463/sqft |
Source:  CRMLS #PW23064620 | ||
| 6/2/2023 | Pending sale | $2,749,000$509/sqft |
Source: CRMLS #PW23064620 | ||
| 5/22/2023 | Contingent | $2,749,000$509/sqft |
Source: CRMLS #PW23064620 | ||
| 5/18/2023 | Listed for sale | $2,749,000-2.3%$509/sqft |
Source: CRMLS #PW23064620 | ||
| 5/5/2023 | Contingent | $2,815,000$521/sqft |
Source: CRMLS #PW23064620 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $2,550,000 +2% |
| 2024 | $30,826 -19.1% | $2,500,000 +13.6% |
| 2023 | $38,088 +260% | $2,200,000 +236.5% |
Find assessor info on the county website
Neighborhood: 92627
Nearby schools
GreatSchools rating
- 4/10Pomona Elementary SchoolGrades: K-6Distance: 0.2 mi
- 7/10Charles W. Tewinkle Middle SchoolGrades: 7-8Distance: 2.8 mi
- 6/10Estancia High SchoolGrades: 9-12Distance: 1 mi
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Estimated market value
$3,107,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$3,107,200