2097 Wallace Avenue
Costa Mesa, CA 92627
- – beds
- – baths
- – sqft
- 7,532 sqft lot
- 1958 build
- – on site
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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.
Listed By CRMLS_CA / Ali Ghandour / Circa Properties, Inc.
Last checked:
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Last updated Jun 8, 2024
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MLS# PW24083652 —
The Building
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Year Built:1958
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Year Built Source:Public Records
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New Construction:No
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Construction Materials:Drywall Walls, Stucco, Wood Siding
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Architectural Style:Cottage
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Roof:Shingle
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Entry Level:1
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Foundation:Raised
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Common Walls:No Common Walls
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Faces:East
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Number With Patio:3
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Building Area Total:2344.00
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Building Area Units:Square Feet
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# of Buildings:1
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Total Number Of Units:3
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Stories Total:1
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# of Separate Gas Meters:3
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# of Separate Water Meters:1
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# of Separate Electric Meters:3
Interior
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Features:Ceiling Fan(s), Quartz Counters, Recessed Lighting
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Levels:One
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Entry Location:Main Floor
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Window Features:Double Pane Windows
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Flooring:Vinyl
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Fireplace:No
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Fireplace:None
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Laundry:Gas & Electric Dryer Hookup, Outside, Washer Hookup
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Laundry:1
Location
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Directions:South of Victoria Between Pomona and Placentia.
The Property
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Property Type:Residential Income
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Subtype:Triplex
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Property Condition:Turnkey
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Lot Features:2-5 Units/Acre, Corner Lot, Sprinkler System
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Lot Size Area:7532.0000
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Lot Size Acres:0.1729
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Lot Size SqFt:7532.00
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Lot Size Source:Assessor
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View:None
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Fencing:Wood
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Fence:Yes
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Road Frontage:City Street
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Road Surface Type:Paved
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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:B
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Tax Census Tract:637.01
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Tax Tract:612
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Tax Lot:21
The Listing
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Buyer's Brokerage Compensation:2.000%
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Special Listing Conditions:Standard
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Buyer's Brokerage Compensation:$2
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Parcel Number:42228101
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Showings Begin:2024-04-29
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:No
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Cooling:None
Utilities
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Utilities:Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Gas Oven, Gas Range, Microwave, Refrigerator
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Included:Yes
The Community
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Senior Community:No
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Features:Curbs, Sidewalks, Storm Drains, Street Lights
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Pool:None
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Private Pool:No
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Spa Features:None
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Inclusions:All Kitchen Appliances Included
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Association:No
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Assessments:Yes
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Assessments:Special Assessments, Buyer to Verify
Parking
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Parking:No
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Parking:None
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Parking Spaces:2.00
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Garage Spaces:2.00
Extra Units
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Number With Disposal:3
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Number With Refrigerator:3
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 |
---|---|---|---|---|
6/7/24
Jun 7, 2024
|
Sold | CRMLS_CA | $1,850,000 | |
5/18/24
May 18, 2024
|
Pending | CRMLS_CA | $1,850,000 | |
4/29/24
Apr 29, 2024
|
Listed / Active | CRMLS_CA | $1,850,000 |