16 days on rocket

2097 Wallace Ave, Costa Mesa, CA, 92627

$1,850,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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2097 Wallace Ave, Costa Mesa$1,850,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingNone
Garage2 spaces
Year Built1958
HeatingWall Furnace
CoolingNone
FireplaceNone
ViewNone
MLS #PW24083652
Lot Size0.17 Acres
StatusActive

About 2097 Wallace Ave

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.

Property Details

Property Features

Property Information:

  • Architectural Style: Cottage
  • Year Built: 1958
  • Stories: 1

Listing Office:

  • Office Name: Circa Properties, Inc.
  • Office Phone: (714) 203-6814
  • Listing Agent: Ali Ghandour

Interior Features

Interior Information:

  • Appliances: Gas Oven, Gas Range, Microwave, Refrigerator
  • Flooring Type: Vinyl
  • Interior: Ceiling Fan(s), Quartz Counters, Recessed Lighting
  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Parking Information:

  • Garage Space: 2 spaces
  • Parking: None

Lot Features

Lot Information:

  • Lot: Corner Lot, Sprinklers
  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

School Info

Assigned Schools Information:

  • Estancia High School, Public District Grades 9-12
  • Charles W. Tewinkle Middle School, Public District Grades 7-8
  • Pomona Elementary School, Public District Grades KG-6

Other

Directions Information:

  • Directions: South of Victoria Between Pomona and Placentia.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,850,000

Tax Information:

  • Annual Amount: $12,389
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Costa Mesa, CA.

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Costa Mesa, CA

City

Med. Sold Price

$1.3M

Med. Price/SqFt

$730

Avg. Days On Market

29

# of Sold Homes

49

2097 Wallace Ave vs Costa Mesa

16 DAYS ON ROCKET

-13 Days

$1,850,000

+$549.9K More

KEY TAKEAWAY

This property is $549.9K more than the Median Sold Price in Costa Mesa, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #PW24083652

Listing Office:

  • Office Name: Circa Properties, Inc.
  • Office Phone: (714) 203-6814
  • Listing Agent: Ali Ghandour

IDX 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 broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/16/2024, 6:20:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 10, 2005Home Sold
$790,000

Tax History

YEARPROP. TAXASSESSMENT
2021$12,389$1,017,328
2020$11,266$915,552
2019$10,791$897,600
2018$10,792$880,000
2017$10,378$840,000

History based on county public records data.

Payment Calculator

$9,301

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,613

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2138201
5
/10

  • Pomona Elementary School

  • 2051 Pomona Ave

  • 0.10 miles

  • Public District Grades KG-6

Middle School

school-card-donut-2138202
4
/10

  • Charles W. Tewinkle Middle School

  • 3224 California St

  • 2.66 miles

  • Public District Grades 7-8

High School

school-card-donut-2138203
6
/10

  • Estancia High School

  • 2323 Placentia Ave

  • 0.64 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $59,022. Residents of Costa Mesa, CA typically earn between $35k-100k each year. The most common type of family is married, with kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Orange County›Costa Mesa›92627›2097 Wallace Ave

This home is located at 2097 Wallace Ave in Costa Mesa, CA and zip code 92627 in the Westside Costa Mesa neighborhood. This home, which was built in 1958, sits on a 0.17 acre lot. It has been listed on Rocket Homes since April 29, 2024 and is currently priced at $1,850,000.

In April 2024, from all listings sold in Costa Mesa, CA there were more than 20 sold above asking price, over 22 sold below and more than 7 were sold right at the asked price. Between March 2024 and April 2024, Costa Mesa, CA real estate market has seen increase in the number of listings by 1.4%. In April 2024 median list price was $1,300,014 and the average listing age was 29 days.

From Rocket Homes Real Estate and based on county public records data.

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