1940 Wallace Ave | Costa Mesa, CA 92627
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- LoopNet Team
1940 Wallace Ave
Costa Mesa, CA 92627
Multifamily Property For Sale
·
10 Units
INVESTMENT HIGHLIGHTS
- ADU Potential - Architectural Plans Have Been Submitted to Build a 2-Bedroom/2-Bathroom Accessory Dwelling Unit on the Rear of the Property
- Situated on a Large Lot (± 28,602 SF)
- Upside Potential - Investor Has Opportunity to Increase Rents 25% with Interior Renovation Plan
- Located in an Opportunity Zone
- 100% Two-Bedroom Units (90% Townhome Style)
- Prime Location - Located 0.8 Miles Away from Triangle Square & 1.4 Miles from East 17th Street Promenade
PROPERTY FACTS
| No. Units | 10 | Lot Size | 0.42 AC |
| Property Type | Multifamily | Building Size | 8,254 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1977 |
| Building Class | C | Parking Ratio | 2.3/1,000 SF |
| Zoning | R2HD | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 8,254 SF |
| No. Stories | 2 |
| Year Built | 1977 |
| Parking Ratio | 2.3/1,000 SF |
| Zoning | R2HD |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 10 | $2,174 | 812 - 942 |
PROPERTY TAXES
| Parcel Number | 422-262-14 | Improvements Assessment | $675,618 |
| Land Assessment | $4,243,302 | Total Assessment | $4,918,920 |
PROPERTY TAXES
Parcel Number
422-262-14
Land Assessment
$4,243,302
Improvements Assessment
$675,618
Total Assessment
$4,918,920
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