1925 Wallace Avenue, Costa Mesa, CA 92627

$2,599,999
8
BD
5
BA
3,788
SqFt

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List Price
$2,599,999
Price Change
▼ $257,300,001 1764733731
Status
ACTIVE
MLS#
25623849
Year Built
1960
Bedrooms
8
Bathrooms
5
Living Sq. Ft
3,788
Lot Size
18,295
Acres
0.42
Lot Location
Back Yard, Front Yard
Days on Market
1275
Property Type
Multifamily
Stories
Two Levels

Property Description

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.

Additional Information

Appliances
Dishwasher, Microwave, Refrigerator
Cooling Description
None
View
None
Interior Features
Ceiling Fan(s)
Attached Structure
Attached
Number Of Units Total
4

Listing courtesy of Listing Agent: Joseph Winkelmann (joe.winkelmann@colliers.com) from Listing Office: Colliers International Greater Los Angel.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.