Costa Mesa, CA 92627,2028 Wallace Avenue
Costa Mesa, CA 92627,2028 Wallace Avenue
Costa Mesa, CA 92627,2028 Wallace Avenue
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Listed by Nick Gould • Gould Group Inc
$2,250,000
Est. payment /mo
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0.43 Acres Lot
Active

2028 Wallace Avenue Costa Mesa, CA 92627

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Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID NP-25117522

Lot Size 0.426 Acres

Property 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.

Location

State CA

County Orange

Area C4 - Central Costa Mesa

Zoning R2-HD

Exterior

Community Features Biking, Curbs, Sidewalks, Storm Drains, Street Lights

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Building

Lot Description 6-10 Units/Acre


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agent

Melissa Paolasso

Agent | License ID: 02062934

+1(949) 463-7024

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2028 Wallace Avenue