Description
Welcome to 2028 wallace avenue, a rare multifamily/redevelopment investment opportunity located in the heart of costa mesa’s rapidly evolving westside. situated on a massive lot, this three-unit property features an attractive unit mix consisting of (1) 3br/2.5ba and (2) 2br/1ba units across approximately 2,299 sf of existing living space. positioned within the mesa west urban plan and a federally recognized opportunity zone, 2028 wallace offers significant upside potential. investors have the opportunity to modernize the existing units, add accessory dwelling units (adus), or redevelop the site entirely by leveraging the increased density allowances of the mesa west specific plan. the opportunity zone designation further enhances the appeal with the potential for long-term tax advantages.
Property Type
LandCounty
OrangeStyle
LandAD ID
49955192
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Property Details
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.4256
- Lot Size Source: Assessor
- Lot Size Square Feet: 18539
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Listing Information
Listing Price Information
- Original List Price: 2,250,000
- Listing Contract Date: 2025-05-27
Lease Information
- Listing Agreement: Exclusive Right To Sell
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Taxes / Assessments
Tax Information
- Parcel Number: 42225216
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: C4 - Central Costa Mesa
- Postal Code Plus 4: 9548
- Directions: Located off W. 19th Street
- Zoning: R2-HD
- Source Property Type: Land
- Area: C4 - Central Costa Mesa
Building and Construction
- Year Built Source: Vendor Enhanced
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BuyOwner last updated this listing 06/12/2025 @ 08:19
- MLS: NP25117522
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Land, with 0 bedrooms which is for sale, it has 0 sqft, 18,539 sized lot, and 0 parking. are nearby neighborhoods.