We are pleased to present 2016 Wallace Avenue, an added-value 6-unit apartment building in Costa Mesa's up-and-coming Westside submarket. Built in 1962, the building is comprised of two(2) completely detached,single-story, 2-Bedroom/1-Bathroom cottages at the front and rear of the property and two (2) single-story duplexes with 2-Bedroom/1-Bathroom units. The common duplex walls are in the garage, making the duplex units feel like detached cottages. All units come with a garage, one off-street space, a washer/dryer hookup, and private patios or yards. This opportunity has massive upside for the right investor.
Sold for $2,500,000
Listed by: Morgan Skenderian • Nick Gould • Contact: 949-251-8800
Bought with: Morgan Skenderian
$2,500,000
2016 Wallace Ave, Costa Mesa, CA 92627
12beds
6baths
5,400sqft
Multi Family
Built in 1962
-- sqft lot
$2,821,000 Zestimate®
$463/sqft
$3,150 Estimated rent
Home value
$2,821,000
$2.48M - $3.22M
$3,150/mo
Zestimate® history
Owner options
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$3,150/mo
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$3,150/mo
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$15,791/mo
Est. payment
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$15,791/mo
Est. payment
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List your homeWhat's special
Detached cottagesOff-street space
Zillow last checked:
Listing updated:
Listed by:
Nick Gould DRE #01521955 949-251-8800,
Morgan Skenderian
Bought with:
Nick Gould, DRE #01521955
Morgan Skenderian
Source: CRMLS,MLS#: PW23064620
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 6
Appliances
- Laundry: Washer Hookup, Gas Dryer Hookup
Features
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 5,400
- Total interior livable area: 5,400 sqft
Property
Parking
- Total spaces: 12
- Parking features: Garage
- Garage spaces: 6
- Uncovered spaces: 6
Features
- Levels: One
- Stories: 1
- Entry location: 6
- Pool features: None
Lot
- Size: 0.42 Acres
- Features: 6-10 Units/Acre, Front Yard
Details
- Parcel number: 42225218
- Special conditions: Standard,Trust
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1962
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Biking, Curbs, Storm Drain(s), Sidewalks
- Subdivision: ,Westside Cm
Location
- Region: Costa Mesa
Financial & listing details
- Price per square foot: $463/sqft
- Tax assessed value: $2,550,000
- Annual tax amount: $32,180
- Date on market: 4/18/2023
- Cumulative days on market: 34 days
- Listing terms: Cash,Cash to New Loan,Conventional
- Total actual rent: 10670
Price history
| Date | Event | Price |
|---|---|---|
| 8/21/2023 | Sold | $2,500,000-9.1%$463/sqft |
Source:  CRMLS #PW23064620 Report a problem | ||
| 6/2/2023 | Pending sale | $2,749,000$509/sqft |
Source: CRMLS #PW23064620 Report a problem | ||
| 5/22/2023 | Contingent | $2,749,000$509/sqft |
Source: CRMLS #PW23064620 Report a problem | ||
| 5/18/2023 | Listed for sale | $2,749,000-2.3%$509/sqft |
Source: CRMLS #PW23064620 Report a problem | ||
| 5/5/2023 | Contingent | $2,815,000$521/sqft |
Source: CRMLS #PW23064620 Report a problem | ||
| 4/18/2023 | Listed for sale | $2,815,000$521/sqft |
Source: CRMLS #PW23064620 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $32,180 +4.4% | $2,550,000 +2% |
| 2024 | $30,826 -19.1% | $2,500,000 +13.6% |
| 2023 | $38,088 +260% | $2,200,000 +236.5% |
| 2022 | $10,579 +5% | $653,794 +2% |
| 2021 | $10,075 +1.8% | $640,975 +1% |
| 2020 | $9,893 | $634,403 +2% |
| 2019 | $9,893 +2.4% | $621,964 +2% |
| 2018 | $9,658 +3.6% | $609,769 +2% |
| 2017 | $9,326 | $597,813 +2% |
| 2016 | $9,326 +1.8% | $586,092 +1.5% |
| 2015 | $9,160 +2.9% | $577,289 +2% |
| 2014 | $8,899 | $565,981 +0.5% |
| 2013 | -- | $563,424 +2% |
| 2012 | -- | $552,377 +2% |
| 2011 | -- | $541,547 +0.8% |
| 2010 | -- | $537,500 -0.2% |
| 2009 | -- | $538,778 +2% |
| 2008 | -- | $528,214 +2% |
| 2007 | -- | $517,857 +2% |
| 2006 | -- | $507,703 +2% |
| 2005 | -- | $497,749 +2% |
| 2004 | -- | $487,990 +1.9% |
| 2003 | -- | $479,047 +2% |
| 2002 | -- | $469,654 +2% |
| 2001 | $6,255 +3.2% | $460,446 +2% |
| 2000 | $6,062 | $451,418 |
Find assessor info on the county website
Neighborhood: 92627
Nearby homes
- $1,624,3002 bd1 ba927 sqft2020 Wallace Ave, Costa Mesa, CA 92627Off Market
- $--2 bd1 ba-- sqft2014 Wallace Ave APT B, Costa Mesa, CA 92627Off Market
- $--4 bd2 ba1.9k sqft2014 Wallace Ave APT E, Costa Mesa, CA 92627Off Market
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- $1,900,0005 bd5 ba2.2k sqft2028 Wallace Ave #C, Costa Mesa, CA 92627Sold
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Nearby schools
GreatSchools rating
- 6/10Pomona Elementary SchoolGrades: K-6Distance: 0.1 mi
- 5/10Charles W. Tewinkle Middle SchoolGrades: 7-8Distance: 2.8 mi
- 6/10Estancia High SchoolGrades: 9-12Distance: 1 mi
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Estimated market value
$2,821,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,821,000
- California
- Orange County
- Costa Mesa
- 92627
- 2016 Wallace Ave
Nearby cities
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