1966 Wallace Avenue
Costa Mesa, CA 92627
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1960 build
- – on site
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HUGE OVER $100K PRICE REDUCTION!!! Unique and rare opportunity to acquire a four unit property including a free standing single family residence to generate income while processing plans for a new potential 6-unit condo or PUD development in Westside Costa Mesa. Huge 18,200 sq. ft. lot with a 2bd + 1ba free-standing single family residence, 2 - 1bd+1ba units and one 2bd+1ba unit. Lots of open space in back. Westside Costa Mesa is going through a huge transition with new trendy residential homes going up throughout. To find a fixer with such a large lot is rare. This is a very good long term investment. Property is a fixer, but could be renovated if you wished to land-bank or increase rents. Minutes to the beach and just around the corner from Hurley Headquarters. Cap Rate and scheduled incomes are pro forma. Current cap rate and incomes are 2.19% Gross:$59,460 Net:$32,876 DO NOT DISTURB TENANTS, DO NOT WALK PROPERTY PLEASE
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Last updated Oct 27, 2024
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MLS# NP17191184 —
The Building
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Year Built:1960
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Year Built Source:Assessor
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New Construction:No
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Common Walls:2+ Common Walls
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Building Area Total:3700.00
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Building Area Units:Square Feet
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# of Buildings:2
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Total Number Of Units:4
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Stories Total:1
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# of Separate Gas Meters:4
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# of Separate Water Meters:1
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# of Separate Electric Meters:4
Interior
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Levels:One
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Laundry:Washer Hookup
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Laundry:1
Location
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Directions:From Harbor go West on 19ths street then make a right on Wallace.
The Property
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Zoning:R-2
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Lot Features:Lot 10000-19999 Sqft
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Lot Size SqFt:18295.00
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Lot Size Source:Assessor
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Property Attached:1
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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 Census Tract:637.01
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Tax Tract:612
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Tax Lot:7
The Listing
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Special Listing Conditions:Standard
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Parcel Number:42226209
Heating & Cooling
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Heating:1
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Heating:Forced Air
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Senior Community:No
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Features:Sidewalks, Street Lighting
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Pool:None
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Private Pool:No
Parking
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Parking Spaces:4.00
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Garage Spaces:4.00
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).
Max Internet Speed
Provided by BroadbandNow®
View a full reportThis is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/13/20
Feb 13, 2020
|
Price Changed | CRMLS_CA | ||
|
11/9/19
Nov 9, 2019
|
Price Changed | CRMLS_CA | ||
|
11/6/19
Nov 6, 2019
|
Price Changed | CRMLS_CA |
