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2077 Wallace Avenue, Costa Mesa, CA

$4,300,000 - $4.3M Price - 10,200 Sqft - 13 DOM

We are honored to exclusively present the 12 unit Westside Costa Mesa investment opportunity located at 2077 & 2083 Wallace Ave. Per assessor, total combined square footage of the lots is approximately 36,830 sqft. Each contiguous parcel has a separate address and Assessor's Parcel Number (APN) - 6 units on each for a total of 12. All units are 2 bedroom/1 bathroom single story bungalow style units. Residents appreciate the private patios, in unit washer/dryer hookups and attached 1 car garage plus 2 additional onsite parking spaces for each. Windows have been replaced in all. The units are separately metered for gas and electric and there no house meter for either of these utilities. The long term residents are all month-to-month and there is big upside in rents. Conservative pro forma income is approximately $2000 a month, which equals a pro forma Gross Scheduled Income (GSI) of $288,000. With updating and upgrades, similar Westside units have rented as high as $2750 per unit. The lots run street to street, extending from Wallace Ave to Palace Avenue. These are located in the Mesa West Residential Ownership Urban Plan specific zoning plan. These 12 units are perfectly located in the Westside renaissance area and are close to the dining, shopping and entertainment of Costa Mesa, while not too far from the ocean breezes of Newport Beach.

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Essential Information

For 2077 Wallace Avenue, Costa Mesa, CA
  • MLS® # PW18228079
  • Sold Price $4,500,000
  • Bathrooms 0.00
  • Square Footage 10,200
  • Acres 0.85
  • Year Built 1963
  • Type Residential Income
  • Status Closed
  • Date Closed 2018-11-20

Community Information

For 2077 Wallace Avenue, Costa Mesa, CA
  • Address 2077 Wallace Avenue
  • Area Southwest Costa Mesa (C2)
  • City Costa Mesa
  • County Orange
  • State CA
  • Zip Code 92627

Subdivision

For 2077 Wallace Avenue, Costa Mesa, CA

Westside Costa Mesa Central (WCMC)

Amenities

For 2077 Wallace Avenue, Costa Mesa, CA
  • Parking Spaces 36

Interior

For 2077 Wallace Avenue, Costa Mesa, CA
  • Appliances Gas Dryer Hookup
  • # of Stories 1
  • Stories One Level

Exterior

For 2077 Wallace Avenue, Costa Mesa, CA
  • Lot Description Lot 20000-39999 Sqft

Additional Information

For 2077 Wallace Avenue, Costa Mesa, CA
  • Date Listed September 19th, 2018
  • Days on Market 13

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2077 Wallace Avenue Costa Mesa MLS® #PW18228079

You are viewing the for at 2077 Wallace Avenue with the MLS® PW18228079 on Previewochomes.com. This at 2077 Wallace Avenue, CA . 92627 is located in the Westside Costa Mesa Central (WCMC) subdivision and is currently for featuring 10200 sq.ft. of living space, and listed for sale at $4,300,000. This for at 2077 Wallace Avenue with the MLS® # PW18228079 has been listed since 2018-09-19.

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Price Change History for 2077 Wallace Avenue, Costa Mesa, CA (MLS® #PW18228079)

Date Details Change
Status Changed from Pending to Closed
Status Changed from Active Under Contract to Pending
Status Changed from Active to Active Under Contract

Based on information from California Regional Multiple Listing Service, Inc. as of October 22nd, 2019 at 1:27am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Property Listed By: Christian Walsh(01804983) of Coldwell Banker Res. Brokerage