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$2,599,999

  • For Sale
  • Active
  • Multi-Family
  • 8 Total Beds
  • Updated 11 days ago
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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.

Full Property Details for 1925 Wallace Ave

General

  • Price: $2,599,999
  • Status: Active
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 25623849
  • Updated: 1/6/2026
  • Added to Site: 1, 090 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 5

Bedrooms

  • Total Bedrooms: 8

Additional Information

  • Shared Amenities: None
  • Security/Safety: None
  • Other Features: None

Parking

  • Garage Description: Uncovered, On street, Detached

Location

  • Area: Southwest Costa Mesa
  • County: Orange
  • Cross Streets: w 19th Street & Wallace Avenue
  • Driving Directions: Westside Costa Mesa
  • Direction Faces: West

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Other

Structural Information

  • # Buildings: 1
  • Architectural Style: Low Rise
  • Common Walls: Attached
  • Stories/Levels: 2
  • Square Feet: 3,788
  • Sq. Ft. Source: Assessor
  • Year Built: 1960
  • Year Built Source: Other
  • Property Condition: No Additions/Alter

Unit Information

  • Units in Complex: 4
  • Unit Type: 2106, 2107, 2108, 2109

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 4

  • Total Bathrooms: 1
  • Bedrooms: 2

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Size (Acres): 0.42
  • Lot Size: 18295
  • Lot Size Source: Assessor
  • Lot Description: Back Yard, Fenced Yard, Front Yard

Financial Considerations

  • Price Per Sq. Ft.: $686.38
  • Assessment Year: 1960
  • Owner Pays: Water, Other
  • Tenant Pays: Gas, Electricity, Cable TV

Disclosures and Reports

  • Disclosures/Reports: Other
  • APN: 422-271-16

Listed by Colliers International Greater Los Angel, Joseph Winkelmann

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Listing agent

— 1925 Wallace Ave —

  • Joseph Winkelmann

    Colliers International Greater Los Angel

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1925 Wallace Ave

School District:Newport-Mesa Unified School District
NameGradesDistance
Pomona Elementary School
2051 Pomona Avenue, Costa Mesa, CA 92627
K-60.4 mi
Charles W. Tewinkle Middle School
3224 CA Ave., Costa Mesa, CA 92626
7-83 mi
Estancia High School
2323 Placentia Avenue, Costa Mesa, CA 92627
9-121.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1925 Wallace Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/23/2023
Listed
$2,599,999
85.71%
MLS
8/23/2021
Sold
$1,400,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1925 Wallace Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$18,976
3%
$1,485,691
2%
2024
$18,497
4%
$1,456,560
2%
2023
$17,845
3%
$1,428,000
2%
2022
$17,247
360%
$1,400,000
874%
2021
$3,746
3%
$143,767
1%
2020
$3,653
3%
$142,293
2%
2019
$3,558
2%
$139,503
2%
2018
$3,482
1%
$136,768
2%
2017
$3,445
1%
$134,087
2%
2016
$3,397
1%
$131,458
2%
2015
$3,366
2%
$129,484
2%
2014
$3,311
1%
$126,948
—
2013
$3,279
—
$126,375
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Colliers International Greater Los Angel, Joseph Winkelmann

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1925 Wallace Ave, Costa Mesa, CA 92627 (MLS# 25623849) is a Multi-Family property with units containing 8 bedrooms and 0 full bathrooms. 1925 Wallace Ave is currently listed for $2,599,999 and was received on January 23, 2023. Want to learn more about 1925 Wallace Ave? Do you have questions about finding other Multi-Family real estate for sale in Costa Mesa? You can browse all Costa Mesa real estate or contact a Coldwell Banker agent to request more information.

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