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.
Listed by Joseph Winkelmann
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License #01259378
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Colliers International Greater Los Angel
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949-724-5704
Last updated December 03, 2025
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Source: CRMLS #25623849
Listing Facts
TypeMulti-family
NeighborhoodWestside Costa Mesa
Bedrooms8
Days on Prevu1052
Size3,788 sqft
Price per sqft$686
Amenities
Dishwasher
Location
Mortgage Calculator
Listing History
12/03/2025
Price Decreased
$2,599,999
01/23/2023
Listed by Colliers International Greater Los Angel
$259,900,000
Property Details for 1925 Wallace Avenue
Exterior
Construction
Number Of Units Total: 4
Property Attached: Yes
Stories: 2
Stories Total: 2
Year Built: 1960
Common Walls: 1 Common Wall
Features
Direction Faces: West
Measurements
Building Area Total: 3,788
Lot Features: Back Yard, Front Yard
Lot Size Acres: 0.42
Lot Size Area: 18,295
Lot Size Source: Assessor
Lot Size Square Feet: 18,295
Lot Size Units: Square Feet
Financial
Residential Income
Gross Income: $46,800.00
Taxes
Parcel Number: 42227116
Interior
Features
Appliances: Dishwasher, Microwave, Refrigerator
Interior Features: Ceiling Fan(s)
Measurements
Living Area: 3,788
Living Area Source: Assessor
Rooms
Bathrooms Total Integer: 5
Bedrooms Total: 8
Parking
Parking
Parking Features: On Street, Uncovered
Frequently Asked Questions
How many bedrooms does this multi-family home have?
There are 8 bedrooms in this multi-family home at 1925 Wallace Avenue.
How does 1925 Wallace Avenue compare to other multi-family homes in Westside Costa Mesa?
This multi-family home is listed 30% below the average price for multi-family homes in Westside Costa Mesa and has been on the market for 946 more days than the typical home in this area.
What is the square footage on this multi-family home?
According to the MLS, this listing is 3,788 sqft.
1925 Wallace Avenue is a 8-bedroom multi-family home for sale in Costa Mesa CA 92627. Listed on Prevu for 1,052 days at $2,599,999. This includes a recent price decrease of $257,300,001. This property features 3,788 square feet of living space, located in Westside Costa Mesa. The median listing price for multi-family homes in this area is $1,569,000. The home offers dishwasher. Browse more multi-family home listings in Orange County.
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for 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.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.