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1925 Wallace AvenueCosta Mesa, CA 92627

For Sale

$2,599,999

Smart Buyer Rebate $26,000

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.

Full MLS Disclaimers

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.