$2,599,999
-$257,300,0011925 Wallace Avenue, Costa Mesa CA 92627
Multi-Family (4 Units)
Property type
186 days
On market
$686
Price per sqft
N/A
Garage
1960
Year built
18,295 sqft
Lot size
Home highlights
Open Houses
Overview
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...
Listing provided by: Joseph Winkelmann DRE #01259378 949-724-5704, Colliers International Greater Los Angel
Listing updated: Jan 6, 2026 at 07:57pm.
Last checked: Jun 2, 2026 at 07:00am
Source: CRMLS #25623849
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | — | $0 | $0 | $0 | Unfurnished |
| 1 | 2 | 1 | — | $0 | $0 | $0 | Unfurnished |
| 1 | 2 | 2 | — | $2,000 | $2,000 | $0 | Unfurnished |
| 1 | 2 | 1 | — | $1,900 | $1,900 | $0 | Unfurnished |
# of Buildings: 1
# of Units Total: 4
Dishwasher: 4
Refrigerator: 4
Tenant Pays: Cable Tv, Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
55.6x
List Price / Annual Gross Rent
Cap Rate
1.7%
NOI / List Price
Net Operating Income: $44,226
Interior
Interior Features: Ceiling Fans
Cooling: None
Appliances: Dishwasher, Microwave, Refrigerator
Fireplace: None
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Two
Common Walls: One Common Wall
Direction Faces: West
Lot Features: Back Yard, Front Yard
View: None
Garage and Parking
Parking: On Street, Uncovered
Garage: Detached
Parking Total: 0
Lot Information
Land Lease: No
Parcel #: 42227116
Additional Parcels: Yes
Community
HOA: No
Senior Community: No
Nearby Schools
Nearby schools around the 1925 Wallace Avenue, Costa Mesa, CA 92627. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,079,999
Total Interest
$2,652,924
Total Payment
$4,732,924
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$16,005
per month
Property History for 1925 Wallace Avenue
Costa Mesa Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 92627.
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