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.
Property Details
Property Features
Property Information:
Year Built: 1960
Stories: 2
Living Area: 3,788 SqFt
Listing Office:
Office Name: Colliers International Greater Los Angel
Office Phone: (949) 724-5500
Listing Agent: Joseph Winkelmann
Interior Features
Interior Information:
Appliances: Dishwasher, Microwave, Refrigerator
Interior: Ceiling Fan(s)
Fireplace: None
Bedroom and Bathroom Information:
Total Bedroom Count: 8
Exterior Features
Exterior Information:
View: None
Parking Information:
Attached Garage: No
Parking: On Street, Uncovered
Lot Features
Lot Information:
Lot Size: 0.42 Acres
Utilities
Utilities Information:
Cooling: None
Other
Directions Information:
Directions: Westside Costa Mesa
Price Information
Listing Price Info
Price Summary:
List Price: $2,850,000
Price Per SqFt: $752/SqFt
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Housing Market Comparison
See how this home compares to others in Costa Mesa, CA.
This property is $1.4M more than the Median Sold Price and $30/SqFt less than other homes in Costa Mesa, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24407777
Listing Office:
Office Name: Colliers International Greater Los Angel
Office Phone: (949) 724-5500
Listing Agent: Joseph Winkelmann
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/22/2024, 4:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Sep 21, 2021
Sep 21, 2021Home Sold
$1,400,000
Mar 26, 2019
Mar 26, 2019Home Sold
$862,500
History based on county public records data.
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NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Pomona Elementary School
2051 Pomona Ave
Distance between this listing and this school0.38 miles
Public District Grades KG-6
6
/10
Rea Elementary School
661 Hamilton St
Distance between this listing and this school0.49 miles
Public District Grades KG-6
4
/10
Whittier Elementary School
1800 Whittier Ave
Distance between this listing and this school0.58 miles
Public District Grades KG-6
Nearby Schools
8
/10
Ensign Intermediate School
2000 Cliff Dr
Distance between this listing and this school1.90 miles
Public District Grades 7-8
7
/10
Isaac L. Sowers Middle School
9300 Indianapolis Ave
Distance between this listing and this school2.42 miles
Public District Grades 6-8
4
/10
Tewinkle Middle School
3224 CA Ave
Distance between this listing and this school3.02 miles
Public District Grades 7-8
Nearby Schools
6
/10
Estancia High School
2323 Placentia Ave
Distance between this listing and this school1.00 miles
Public District Grades 9-12
7
/10
Newport Harbor High School
600 Irvine Ave
Distance between this listing and this school1.78 miles
Public District Grades 9-12
9
/10
Edison High School
21400 Magnolia St
Distance between this listing and this school2.24 miles
The neighbors living near this home have an average income of $48,399. Most Costa Mesa, CA residents have annual incomes between $35k-100k. Residents typically live in married, with kids family. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1925 Wallace Ave
What is the listing price of this property?
The listing price of 1925 Wallace Ave property is $2,850,000.
What type of property is this?
The property 1925 Wallace Ave is a house located in Costa Mesa, California, 92627.
Is this property for sale now?
Active Listing: 1925 Wallace Ave is For Sale (Active/New) which means the seller is accepting offers.
When was this property sold last time and for how much?
The last sale was on September 21, 2021 for $1,400,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 1925 Wallace Ave has 8 bedrooms and 5 bathrooms.
What is the square footage of this property?
The property 1925 Wallace Ave is 3,788 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1925 Wallace Ave is 1960.
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This home is located at 1925 Wallace Ave in Costa Mesa, CA and zip code 92627 in the Westside Costa Mesa neighborhood. This 3,788 square foot home, which was built in 1960, sits on a 0.42 acre lot. Features: 8 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since June 26, 2024 and is currently priced at $2,850,000.
In October 2024 more than 18 listings in Costa Mesa, CA were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 35 were sold below. The number of homes for sale in Costa Mesa, CA increased by 4.3% between September 2024 and October 2024. Listings spent 28 days on the market in October 2024, and had a median list price of $1,366,500 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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