For sale

$2,599,999

1925 Wallace Ave, Costa Mesa, CA 92627

8beds

5baths

3,788sqft

$17,120/mo

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Multi Family

Built in 1960

-- sqft lot

$-- Zestimate^®

$686/sqft

$-- HOA

What's special

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.

238 days

308

18

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 5

Heating

Other

Cooling

None

Appliances

Included: Microwave, Water Conditioner, Refrigerator, Ice Maker, Range/Oven, Dishwasher, Freezer

Features

Ceiling Fan(s)
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 3,788
Total interior livable area: 3,788 sqft

Property

Parking

Parking features: Open, On Street, Detached
Has garage: Yes
Has uncovered spaces: Yes

Features

Levels: Two
Stories: 2
Fencing: Fenced Yard
Has view: Yes
View description: None
Waterfront features: None

Lot

Size: 0.42 Acres
Features: Back Yard, Front Yard

Details

Additional structures: None
Has additional parcels: Yes
Parcel number: 42227116
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Condition

No Additions/Alter
Year built: 1960

Community & HOA

Community

Security: None

HOA

Amenities included: None

Location

Region: Costa Mesa

Financial & listing details

Price per square foot: $686/sqft
Tax assessed value: $1,428,000
Date on market: 12/1/2025
Tenant pays: Gas, Electricity, Cable TV

Estimated market value

Not available

Estimated sales range

Not available

$5,350/mo

Price history

Date	Event	Price
12/2/2025	Price change	$2,599,999-99%$686/sqft
Source: CLAW #25623849 Report a problem
12/1/2025	Listed for sale	$259,900,000$68,611/sqft
Source: CLAW #25623849 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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