1965 Wallace Ave | Costa Mesa, CA 92627
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- LoopNet Team
1965 Wallace Ave
Costa Mesa, CA 92627
Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- All Two & Three Bedrooms
- W/D Hookups, Patios, Balconies, 2:1 Parking Ratio
- 11.04 GRM & 6.9 CAP Rate on Market Rents
- Single Story and Townhouse Style Units
- Priced at $445,833/Unit. Recent Sales Comparables Average Over $515,000/Unit
- Discounted Pricing for Rents Projected to be 90% Below Market
PROPERTY FACTS
| No. Units | 6 | Building Size | 6,049 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1952 |
| Building Class | C | Parking Ratio | 1.98/1,000 SF |
| Lot Size | 0.42 AC | ||
| Zoning | R2-HD | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 6,049 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1952 |
| Parking Ratio | 1.98/1,000 SF |
| Zoning | R2-HD |
AMENITIES
UNIT AMENITIES
- Balcony
- Fireplace
- Washer/Dryer Hookup
- Patio
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 3 | $1,880 | 1,123 - 1,444 |
| 2+2 | 3 | $1,710 | 899 - 910 |
PROPERTY TAXES
| Parcel Number | 422-271-09 | Improvements Assessment | $473,383 |
| Land Assessment | $2,257,667 | Total Assessment | $2,731,050 |
PROPERTY TAXES
Parcel Number
422-271-09
Land Assessment
$2,257,667
Improvements Assessment
$473,383
Total Assessment
$2,731,050
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