About 1925 Wallace Avenue
Unique opportunity for Value-Add Investment. Two contiguous properties totaling 18,295 sq. ft of land. Front property consists of (4) two bedroom, 1/2 bath units. Existing leases are all short term, two units will be delivered vacant thus giving the new buyer to increase rents. Back lot is all paved in asphalt and the City of Costa Mesa will approve the development of 3 additional residential units.
Features of 1925 Wallace Avenue
| MLS® # | 25623849 |
|---|---|
| Price | $2,599,999 |
| Bedrooms | 8 |
| Bathrooms | 5.00 |
| Square Footage | 3,788 |
| Acres | 0.42 |
| Year Built | 1960 |
| Type | Residential Income |
| Status | Active |
Community Information
| Address | 1925 Wallace Avenue |
|---|---|
| Area | C2 - Southwest Costa Mesa |
| City | Costa Mesa |
| County | Orange |
| Zip Code | 92627 |
Amenities
| Parking | On Street, Uncovered |
|---|---|
| Garages | On Street, Uncovered |
| View | None |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Ceiling Fan(s) |
|---|---|
| Appliances | Dishwasher, Microwave, Refrigerator |
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
| Fireplaces | None |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Lot Description | Back Yard, Front Yard |
|---|
Additional Information
| Date Listed | January 23rd, 2023 |
|---|---|
| Days on Market | 1104 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Leased Land | Fee |
| Senior Community | No |
Listing Details
| Agent | Joseph Winkelmann |
|---|---|
| Office | Colliers International Greater Los Angel |