1925 Wallace Avenue Costa Mesa, CA ^$ 2,599,999

1925 Wallace Avenue

^$ 2,599,999

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1925 Wallace Avenue

Costa Mesa, CA, 92627

^$ 2,599,999

Studio Baths0.0 Sq 3,788

Monthly Estimate*

^$ 16,221

1925 Wallace Avenue, Costa Mesa, CA 92627 - Image 1

1925 Wallace Avenue, Costa Mesa, CA 92627 - Image 2

1925 Wallace Avenue, Costa Mesa, CA 92627 - Image 3

1925 Wallace Avenue, Costa Mesa, CA 92627 - Image 4

1925 Wallace Avenue, Costa Mesa, CA 92627 - Image 5

1925 Wallace Avenue, Costa Mesa, CA 92627 - Image 6

1925 Wallace Avenue, Costa Mesa, CA 92627 - Image 7

1925 Wallace Avenue, Costa Mesa, CA 92627 - Image 8

1925 Wallace Avenue, Costa Mesa, CA 92627 - Image 9

1925 Wallace Avenue, Costa Mesa, CA 92627 - Image 10

1925 Wallace Avenue, Costa Mesa, CA 92627 - Image 11

1925 Wallace Avenue, Costa Mesa, CA 92627 - Image 12

Studio

Multi-Family Home for sale in Costa Mesa, CA

for $2,599,999. This 3,788 square foot home was built in 1960 on a lot size of 0.42.

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.

Multi-Family Active

Price

^$ 2,599,999

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.42

Year Built

1960

Town/City

Costa Mesa

County/Region

Orange

MLS | Web ID

0025623849

Features

General

Living Area 3788.0

Year Built 1960

Tenant Pays Electricity Cable TV Gas

Levels Two

County Orange

Net Operating Income 44225.84

New Construction No

Property Type C

HOA No

Facing Direction West

Status Active

City Costa Mesa

Senior Community Y/N No

MLS Area C2 - Southwest Costa Mesa

Lot Size Units Square Feet

Lot Size Square Feet 18295.0

Property Attached Y/N Yes

Additional Parcels Y/N Yes

Standard Status Active

Year Built Source Other

Interior

Interior Amenities Ceiling Fan(s)

Kitchen Appliances Dishwasher Refrigerator Microwave

Total Stories 2

Common Walls 1 Common Wall

Air Conditioning Y/N No

Fireplace Y/N No

Laundry Features None

Total Baths 0

Exterior

Parking Features Uncovered Street

Lot Features Front Yard Back Yard

Water Source None

Lot Size Area 18295.0

Foundation Details None

Pool Y/N? Yes

Building Area Total 3788.0

Lot Size Acres 0.42

Land Lease Type Fee

* Excluded Features

List By

Joseph Winkelmann

Listing Agent

Colliers International Greater Los Angel

Broker

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$16,221

Per Month

Monthly Principal & Interest: $16,221
Monthly Property Taxes: --
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Costa Mesa, CA

Average List Price ^$3,472,818

Percent of Sale Price 34%

About Costa Mesa, CA

114,059 Population

4% Since 2002

^$74,468 Median Income

36.81 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/2/2025	$2,599,999	-99.00%	Price Down
12/1/2025	$259,900,000		Listed Price

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1925 Wallace Avenue, Costa Mesa, CA, 92627 is a Multi-Family Home for sale at $2,599,999 with 3,788 sqft and a lot size of 0.42. 1925 Wallace Avenue is a studio with 0.0 baths and was built in 1960. The property's zip code is 92627 which is in Costa Mesa, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 12/2/2025. 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. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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1925 Wallace Avenue

Multi-Family Home for sale in Costa Mesa, CA

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