1925 Wallace Avenue , Costa Mesa, CA - 92627 is For Sale

  • 24407777
  • 24407777
  • 24407777
  • 24407777
  • 24407777
  • 24407777
  • 24407777
  • 24407777
  • 24407777
  • 24407777
  • 24407777
  • 24407777
$2,850,000· Income property

Description

Unique opportunity for Value-Add Investment. Two contiguous properties totaling 18,295 sq. ft of land. Front property consists of (4) two bedroom, 1/2 bath units. Existing leases are all short term, two units will be delivered vacant thus giving the new buyer to increase rents. Back lot is all paved in asphalt and the City of Costa Mesa will approve the development of 3 additional residential units.

Features

MLS#: 24407777
List Price : $2,850,000
Total Units : 4
Net Operating Income : $44,226
Sq M : 1,700 M2
Year Built : 1960
Days on market : 105 Days
Gross taxes : N/A
Address : 1925 Wallace Avenue
City : Costa Mesa
State : CA
Zip Code : 92627
Neighborhood : N/A
Appliances : Dishwasher, Microwave, Refrigerator
Fireplace Features : None
Stories : 2
Parking Features : Uncovered, Street
Sale Type : Standard
View : None
 
Property Type : Residential Income
Original List Price : $2,850,000
Acres : 0.42
Lot Size (Acres) : 0.42
Parking Features : Uncovered, Street
Interior Features : Ceiling Fan(s)
Cooling : None
Driving Directions : Westside Costa Mesa
 
Courtesy of : Joseph Winkelmann , Colliers International Greater Los Angel

Location

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