Active
2097 Wallace Avenue
Costa Mesa CA, 92627
$1,850,000
$789.25 per sqft
Active
2,344 sqft
Multi-family
Built in 1958
Listed by Ali Ghandour with Circa Properties, Inc. 714-203-6814
Introducing an attractive investment opportunity at 2097 Wallace in the vibrant city of Costa Mesa, California. This modern, cottage-style triplex presents a compelling value with a strong 5.2% capitalization rate. Each of the three units has been meticulously renovated to offer high-end, contemporary living spaces. Features include new flooring, fresh interior and exterior paint, and fully updated kitchens with granite countertops and shaker cabinets. Bathrooms have full tile showers making them instantly appealing to prospective tenants.
The property includes essential appliances such as refrigerators and gas stoves, along with ceiling fans throughout, enhancing tenant comfort and appeal. Each unit benefits from its own private yard, a desirable feature for all types of tenants including those with children or pets. Individual laundry hookups add a layer of convenience.
Secure this turnkey property to capitalize on its excellent location and modern amenities, ensuring a steady revenue stream and robust return on investment.
Unit Mix: 3 Units. Each unit has 2 Beds | 1 Bath | 750 sqft. Individual yards and laundry hookups. Detached two car garage could be additional revenue or potential ADU for a 4th Unit. Each unit is separately metered for gas and electric.
New: Roof, Kitchens, Bathrooms, Sub Panels, Plumbing, Doors, Fencing and Irrigation.
PW24083652
MLSⓇ ID
April 26, 2024
Listed
May 9, 2024
Updated
Map
2097 Wallace Avenue
Costa Mesa CA, 92627
Interior Features
Total Stories
1
Interior Features
Ceiling Fan(s), Quartz Counters, Recessed Lighting
Appliances
Gas Oven, Gas Range, Microwave, Refrigerator
Laundry Description
Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Outside
Floor Description
Vinyl
Fireplace
Yes
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.17 Acres
Lot Features
2-5 Units/Acre, Corner Lot, Sprinkler System
Architectual Style
Cottage
Roof
Shingle
Sewer
Public Sewer
Other Property Details
Area Name
C4 - Central Costa Mesa
Days on Market
6
Garage
Yes
Garage Spaces
2
Parking
None
Parking Total
2
View
No
View Description
None
County
Orange
Water Source
Public
Pool
No
Pool Features
None
Buyer Agency Compensation
2%
Listing Contact: 714-203-6814
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/9/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 5/9/2024 at 3:42 PM UTC