CA > Costa Mesa
Costa Mesa, CA 92627,2028 Wallace
Costa Mesa, CA 92627,2028 Wallace
Costa Mesa, CA 92627,2028 Wallace
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$2,250,000
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0.43 Acres Lot
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2028 Wallace Costa Mesa, CA 92627

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Patty Doyle

Patty Doyle

+1(619) 886-0321

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Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Active

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

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

San Diego Regional MLS (SDMLS)
Listed by Nick Gould • Gould Group Inc

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agent

Patty Doyle

Agent | License ID: 01507441

+1(619) 886-0321

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2028 Wallace

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