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Costa Mesa, CA

$2,599,999

1925 Wallace Avenue, Costa Mesa, CA
8
Beds
5
Baths
3,788
Sq Ft
1960
Built
1073
Days listed

About this home

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 additional residential units.

Facts & features

Interior
Bedrooms
8
Bathrooms
0 full, 0 half
Living area
3,788 sq ft
Interior features
Ceiling Fans
Appliances
Dishwasher, Microwave, Refrigerator
Fireplace
None
Cooling
None
Levels
Two
Exterior & lot
Lot size
0.42 acres (18,295 sq ft)
Year built
1960
Parking
On Street, Uncovered
Community
Area
C 2 - Southwest Costa Mesa
County
Orange
Listing details
Status
Active
Property type
Residential Income
Days on market
1073
Listed
2023-01-23
Original price
$259,900,000
Parcel #
42227116
MLS #
25623849
Listed by
Joseph Winkelmann · Colliers International Greater Los Angel
949-724-5704joe.winkelmann@colliers.comDRE #01259378

Location

Price history

Listed
$259,900,000 · 2023-01-23
Price reduced
$2,599,999 (−$257,300,001)
Days on market
1073
Current price
$2,599,999
Financing

Could this home be yours?

Estimated monthly payment
$16,310
$13,147 principal & interest · $3,163 taxes & insurance
$520,000
Estimate only
Loan $2,079,999

Estimates only and not a loan offer. Property tax and insurance vary by location. Get pre-qualified below for your actual rate and payment.

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Estimated value range nearby
$3,523,311 – $4,136,061

A rough estimate from current nearby price-per-square-foot — not an appraisal. A precise valuation considers condition, upgrades and recent sales.

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Listing data provided by CRMLS

Listing courtesy of Colliers International Greater Los Angel. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.

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