Costa Mesa, CA 92627,2028 Wallace
Costa Mesa, CA 92627,2028 Wallace
Costa Mesa, CA 92627,2028 Wallace
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$2,250,000
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Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID NP25117522

Property Sub-Type Lots/Land

Property Description

Welcome to 2028 Wallace Avenue, a rare multifamily/redevelopment investment opportunity located in the heart of Costa Mesas 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.

Location

State CA

County Orange

Direction Located off W. 19th Street

Interior

Fireplace No

Exterior

View Y/N No

Others

Tax ID 42225216


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MLS Router / San Diego MLS
Listed by Nick Gould Gould Group Inc
agent

Glen Henderson

Broker Associate | License ID: 01384181

+1(619) 500-3222

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