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2028 Wallace Avenue, 
Costa Mesa, CA 92627

$2,250,000


Bed


Bath


2,299

Sq Ft


Multi-Family

Active

Listed by

Nick Gould

Gould Group Inc

Last updated:

July 17, 2025, 01:57 PM

MLS#

CRNP25117556

Source:

CAMAXMLS

About This Home

2028 Wallace Avenue

Welcome to 2028 Wallace Avenue, a rare multifamily/redevelopment investment opportunity located in the heart of Costa Mesa’s 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) 1BR/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.

Home Facts

Multi-Family

Built in 1956

Price Summary

2,250,000

$978 per Sq. Ft.

MLS #:

CRNP25117556

Last Updated:

July 17, 2025, 01:57 PM

Added:

1 month(s) ago


Rooms & Interior

Interior

Living Area:

2,299 Sq. Ft.


Structure

Structure

Building Area:

2,299 Sq. Ft.

Year Built:

1956


Lot

Lot Size (Sq. Ft):

18,539


Finances & Disclosures

Finances

Price:

$2,250,000

Price per Sq. Ft:

$978 per Sq. Ft.

MLS Logo
Bay East 2025. CCAR 2025 bridgeMLS 2025. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at July 17, 2025

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