Coldwell Banker Home Page
Local Realty Service Provided By: Coldwell Banker Infiniti Group
Property view
Listing view 2
Listing view 3

2028 Wallace Avenue, 
Costa Mesa, CA 92627

$2,250,000


Bed


Bath


-

Sq Ft


0.43

Acres (Lot)


Land

Active

Listed by

Nick Gould

Gould Group Inc

Last updated:

June 14, 2025, 04:06 PM

MLS#

NP25117522

Source:

CAREIL

About This Land

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) 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.

Land Facts

Description/Design:

Land

Lot Size (Acres)

0.43

MLS #:

NP25117522

Last Updated:

June 14, 2025, 04:06 PM

Added:

19 day(s) ago


Finances & Disclosures

Finances

Price:

$2,250,000

MLS Logo
The information being provided by MLSListings Inc. is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLSListings Inc.. Gould Group Inc is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Gould Group Inc, a broker participant of MLSListings Inc.. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by MLSListings Inc. and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2025 MLSListings Inc.. All rights reserved.

Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

 

Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.