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$ 2,250,000
Est. payment | /mo
5 Beds
2,299 SqFt
$ 2,250,000
Est. payment | /mo
5 Beds
2,299 SqFt
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,299 sqft
Price per Sqft $978
MLS Listing ID CRNP25117556
Bedrooms 5
HOA Y/N No
Year Built 1956
Lot Size 0.426 Acres
Acres 0.43
Property Sub-Type OTHER
Property Description
Welcome to 2028 Wallace Avenue, a rare multifamily/redevelopment investment opportunity located in the heart of Costa Mesa’s rapidly evolving Westside. Situated on a massive lot, this three-unit property features an attractive unit mix consisting of (1) 3BR/2.5BA and (2) 2BR/1BA units across approximately 2,299 SF of existing living space. Positioned within the Mesa West Urban Plan and a federally recognized Opportunity Zone, 2028 Wallace offers significant upside potential. Investors have the opportunity to modernize the existing units, add Accessory Dwelling Units (ADUs), or redevelop the site entirely by leveraging the increased density allowances of the Mesa West Specific Plan. The Opportunity Zone designation further enhances the appeal with the potential for long-term tax advantages.
Location
State CA
County Orange
Interior
Fireplace No
Laundry Gas Dryer Hookup, Other
Exterior
Exterior Feature Other
Total Parking Spaces 7
Building
New Construction No
Others
Tax ID 42225216
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Nick Gould • Gould Group Inc
GET MORE INFORMATION
Kenneth Jamaca
Managing Broker | REALTOR | License ID: 02080040
+1(925) 413-1849 | kenneth@jcastlegroup.com