2028 Wallace, Costa Mesa, CA 92627

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Glen Henderson

[email protected] +1(619) 889-7646

$2,250,000

Est. payment - /mo

0.43 Acres Lot

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Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Contingent

Purchase Type For Sale

MLS Listing ID NP25117522

HOA Y/N No

Lot Size 0.426 Acres

Acres 0.4256

Property Sub-Type Lots/Land

Type of Financing Cash

Property Description

Welcome to 2028 Wallace Avenue, a rare multifamily/redevelopment investment opportunity located in the heart of Costa Mesas 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.
Welcome to 2028 Wallace Avenue, a rare multifamily/redevelopment investment opportunity located in the heart of Costa Mesas 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

Area Oc - Costa Mesa (92627)

Building

Lot Description Curbs, Sidewalks

Others

Monthly Total Fees $171

Acceptable Financing Cash

Listing Terms Cash

CFD/Mello-Roos Fee $2, 053

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Listed by Nick Gould • Gould Group Inc

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

2028 Wallace Costa Mesa, CA 92627

Glen Henderson

Key Details

Location

Building

Others

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