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For sale
  • Listing Provided by: 

    Nick Gould DRE #01521955 ng@gouldgroupinc.com,

    Gould Group Inc

    $2,250,000

    2028 Wallace Ave #C, Costa Mesa, CA 92627

    5beds
    5baths
    2,299sqft
    : 
    Multi Family
    Built in 1956
    -- sqft lot
    $-- Zestimate®
    $979/sqft
    $-- HOA

    What's special

    Attractive unit mixModernize the existing unitsMassive lotExisting living space
    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) 1BR/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.
    69 days
    on Zillow
    |
    516
    |
    15
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    Zillow last checked: 7 hours ago

    Listing updated: July 14, 2025 at 03:55pm

    Listing Provided by:

    Nick Gould DRE #01521955 ng@gouldgroupinc.com,

    Gould Group Inc

    Source: CRMLS,MLS#: NP25117556MLS LogoOriginating MLS: California Regional MLS
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    Next available tour time:Today at 3pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 5
    Appliances
    • Laundry: Washer Hookup, Gas Dryer Hookup
    Features
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total structure area: 2,299
    • Total interior livable area: 2,299 sqft

    Property

    Parking
    • Total spaces: 7
    • Parking features: Assigned
    • Garage spaces: 7
    Features
    • Entry location: 2
    • Pool features: None
    Lot
    • Size: 0.43 Acres
    • Features: 6-10 Units/Acre
    Details
    • Parcel number: 42225216
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1956

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Biking, Curbs, Storm Drain(s), Street Lights, Sidewalks
    • Subdivision: Costa Mesa Residential Income (Cmri)
    Location
    • Region: Costa Mesa

    Financial & listing details

    • Price per square foot: $979/sqft
    • Date on market: 5/27/2025
    • Listing terms: Cash,Cash to New Loan
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