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1963 Wallace Ave
Costa Mesa, CA 92627
Multifamily Property For Sale
·
9 Units
Investment Highlights
- affordable
- High in demand neighborhood - close to everything.
- all units vacant - ready for renovation
Executive Summary
Property is vacant - ready and waiting for buyer to renovate.
Large scale fix and flip.
Large scale fix and flip.
Property Facts
| Price Per Unit | $611,111 | Lot Size | 0.42 AC |
| Sale Type | Investment | Building Size | 9,921 SF |
| Sale Condition | Redevelopment Project | Average Occupancy | 0% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | Parking Ratio | 0.4/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | R2 HD - Multi-tenant Residential RS HD (R2-CP) | ||
| Price Per Unit | $611,111 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 9,921 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 0.4/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R2 HD - Multi-tenant Residential RS HD (R2-CP) |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 1 | - | 400 |
| 5+1 | 2 | - | - |
| 4+1 | 2 | - | - |
| 2+1 | 2 | - | - |
| 1+1 | 2 | - | - |
Property Taxes
| Parcel Number | 422-271-10 | Improvements Assessment | $841,290 |
| Land Assessment | $1,682,592 | Total Assessment | $2,523,882 |
Property Taxes
Parcel Number
422-271-10
Land Assessment
$1,682,592
Improvements Assessment
$841,290
Total Assessment
$2,523,882
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