2028 Wallace Avenue,Costa Mesa, CA 92627
Costa Mesa, CA 92627
Description
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.
Details
| MLS # | NP25117522 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 45 |
| Listing Provided By | Gould Group Inc | Nick Gould |
Features
| Zoning | R2-HD |
|---|---|
| Acreage | 0.43 |
| Property View | None |
Exterior
| Lot Features | Six To Ten Units Acre |
|---|
Location
| Community Features | Biking, Curbs, Storm Drains, Street Lights, Sidewalks |
|---|
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Learn More About This Property
| State | CA |
|---|---|
| County | Orange |
| City | Costa Mesa |
| Zip Code | 92627 |
| Area | C4 Central Costa Mesa |
| Community Name | Downtown Costa Mesa |