2028 Wallace Avenue
Costa Mesa, CA 92627
Map
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- – on site
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.
Last checked:
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Last updated Jul 10, 2025
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MLS# NP25117522 —
This property is listed in more than one place. See it here, and here, and here.
The Building
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New Construction:No
Location
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Directions:Located off W. 19th Street
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Latitude:33.64806900
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Longitude:-117.92929800
The Property
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Property Type:Land
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Zoning:R2-HD
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Lot Features:6-10 Units/Acre
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Lot Size Area:18539.0000
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Lot Size Acres:0.4256
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Lot Size SqFt:18539.00
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Lot Size Source:Assessor
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View:None
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:C
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Tax Census Tract:637.01
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Tax Tract:612
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Tax Lot:15
The Listing
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Special Listing Conditions:Standard
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Parcel Number:42225216
Utilities
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Water Source:Public
The Community
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Subdivision:Other (OTHR)
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Subdivision:Downtown Costa Mesa
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Neighborhood:Mesa West
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Features:Biking, Curbs, Sidewalks, Storm Drains, Street Lights
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Association:No
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Senior Community:No
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Distance To Water Comments:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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7/10/25
Jul 10, 2025
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Listed / Active | CRMLS_CA | $2,250,000 | |
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6/12/25
Jun 12, 2025
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Sold Subject To Contingencies | CRMLS_CA | $2,250,000 | |
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5/27/25
May 27, 2025
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Listed / Active | CRMLS_CA | $2,250,000 |
