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Sold for $1,850,000
    • Listed by: Circa Properties, Inc. • Ali Ghandour • Contact: 714-203-6814
    Bought with: Compass
    $1,850,000

    2097 Wallace Ave, Costa Mesa, CA 92627

    6beds
    3baths
    2,344sqft
    Triplex
    Built in 1958
    -- sqft lot
    $-- Zestimate®
    $789/sqft
    $3,261 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $3,261/mo

    Zestimate® history
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    What's special

    Introducing an attractive investment opportunity at 2097 Wallace in the vibrant city of Costa Mesa, California. This modern, cottage-style triplex presents a compelling value with a strong 5.2% capitalization rate. Each of the three units has been meticulously renovated to offer high-end, contemporary living spaces. Features include new flooring, fresh interior and exterior paint, and fully updated kitchens with granite countertops and shaker cabinets. Bathrooms have full tile showers making them instantly appealing to prospective tenants. The property includes essential appliances such as refrigerators and gas stoves, along with ceiling fans throughout, enhancing tenant comfort and appeal. Each unit benefits from its own private yard, a desirable feature for all types of tenants including those with children or pets. Individual laundry hookups add a layer of convenience. Secure this turnkey property to capitalize on its excellent location and modern amenities, ensuring a steady revenue stream and robust return on investment. Unit Mix: 3 Units. Each unit has 2 Beds | 1 Bath | 750 sqft. Individual yards and laundry hookups. Detached two car garage could be additional revenue or potential ADU for a 4th Unit. Each unit is separately metered for gas and electric. New: Roof, Kitchens, Bathrooms, Sub Panels, Plumbing, Doors, Fencing and Irrigation.

    Zillow last checked:

    Listing updated:

    Listed by:

    Ali Ghandour DRE #02016049 714-203-6814,

    Circa Properties, Inc.

    Bought with:

    Lena Ghezel, DRE #01252003

    Compass

    Source: CRMLS,MLS#: PW24083652MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3
    Heating
    • Wall Furnace
    Cooling
    • None
    Appliances
    • Included: Gas Oven, Gas Range, Microwave, Refrigerator
    • Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Outside
    Features
    • Ceiling Fan(s), Quartz Counters, Recessed Lighting
    • Flooring: Vinyl
    • Windows: Double Pane Windows
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 2,344
    • Total interior livable area: 2,344 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: None
    • Garage spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Entry location: Main Floor
    • Pool features: None
    • Spa features: None
    • Fencing: Wood
    • Has view: Yes
    • View description: None
    Lot
    • Size: 7,532 Square Feet
    • Features: 2-5 Units/Acre, Corner Lot, Sprinkler System
    Details
    • Parcel number: 42228101
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Cottage
    • Property subtype: Triplex
    Materials
    • Drywall, Stucco, Wood Siding
    • Foundation: Raised
    • Roof: Shingle
    Condition
    • Turnkey
    • New construction: No
    • Year built: 1958

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

    Community & HOA

    Community
    • Features: Curbs, Storm Drain(s), Street Lights, Sidewalks
    Location
    • Region: Costa Mesa

    Financial & listing details

    • Price per square foot: $789/sqft
    • Date on market: 4/29/2024
    • Cumulative days on market: 11 days
    • Listing terms: Cash to New Loan
    • Inclusions: All Kitchen Appliances Included
    • Total actual rent: 0
    • Tenant pays: Electricity, Gas
    • Road surface type: Paved

    Price history

    DateEventPrice
    6/7/2024Sold$1,850,000$789/sqft
    Source: CRMLS #PW24083652 Report a problem
    5/18/2024Pending sale$1,850,000$789/sqft
    Source: CRMLS #PW24083652 Report a problem
    5/1/2024Listing removed--
    Source: Zillow Rentals Report a problem
    4/29/2024Listed for sale$1,850,000+48%$789/sqft
    Source: CRMLS #PW24083652 Report a problem
    4/24/2024Price change$3,500-2.8%$1/sqft
    Source: Zillow Rentals Report a problem
    3/19/2024Price change$3,600+5.9%$2/sqft
    Source: Zillow Rentals Report a problem
    3/3/2024Listed for rent$3,400$1/sqft
    Source: Zillow Rentals Report a problem
    2/12/2024Listing removed--
    Source: Zillow Rentals Report a problem
    1/22/2024Listed for rent$3,400$1/sqft
    Source: Zillow Rentals Report a problem
    5/10/2023Sold$1,249,999+28.2%$533/sqft
    Source: Agent Provided Report a problem
    11/15/2015Listing removed$975,000$416/sqft
    Source: Coldwell Banker Best Realty #PW15200292 Report a problem
    8/12/2015Listed for sale$975,000+37.1%$416/sqft
    Source: Coldwell Banker Best Realty #PW15200292 Report a problem
    2/26/2014Listing removed$711,000$303/sqft
    Source: Coldwell Banker Best Realty #PW13222455 Report a problem
    11/19/2013Pending sale$711,000$303/sqft
    Source: Coldwell Banker Best Realty #PW13222455 Report a problem
    11/2/2013Listed for sale$711,000+9.4%$303/sqft
    Source: Coldwell Banker Best Realty #PW13222455 Report a problem
    9/4/2013Listing removed$650,000$277/sqft
    Source: Coldwell Banker Best Realty #PW13064189 Report a problem
    5/2/2013Price change$650,000-17.7%$277/sqft
    Source: Coldwell Banker Best Realty #PW13064189 Report a problem
    4/18/2013Price change$790,000+5.3%$337/sqft
    Source: Coldwell Banker Best Realty #PW13064189 Report a problem
    4/13/2013Listed for sale$750,000+15.6%$320/sqft
    Source: Coldwell Banker Best Realty #PW13064189 Report a problem
    3/23/2011Listing removed$649,000$277/sqft
    Source: Coldwell Banker Alliance #P749132 Report a problem
    2/24/2011Listed for sale$649,000$277/sqft
    Source: Coldwell Banker Alliance #P749132 Report a problem
    11/25/2010Listing removed$649,000$277/sqft
    Source: Coldwell Banker Alliance Realty #2097WALLACE Report a problem
    8/22/2010Listed for sale$649,000-27.8%$277/sqft
    Source: Coldwell Banker Alliance #P749132 Report a problem
    7/8/2010Listing removed$899,000$384/sqft
    Source: Coldwell Banker Alliance #P735474 Report a problem
    5/20/2010Listed for sale$899,000$384/sqft
    Source: Coldwell Banker Alliance #P735474 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 92627

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