1925 Wallace Ave Costa Mesa, CA 92627
Westside Costa Mesa NeighborhoodEstimated payment $15,421/month
Highlights
- 0.42 Acre Lot
- Detached Garage
- Water Conditioner
- Fenced Yard
- Ceiling Fan
- West Facing Home
About This Home
Unique opportunity for Value-Add Investment. Two contiguous properties totaling 18,295 sq. ft of land. Front property consists of (4) two bedroom, 1/2 bath units. Existing leases are all short term, two units will be delivered vacant thus giving the new buyer to increase rents. Back lot is all paved in asphalt and the City of Costa Mesa will approve the development of 3 additional residential units.
Listing Agent
Colliers International Greater Los Angel License #01259378 Listed on: 01/06/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 18,295 Sq Ft Lot
- West Facing Home
- Fenced Yard
- Back and Front Yard
Interior Spaces
- 3,788 Sq Ft Home
- 2-Story Property
- Ceiling Fan
Kitchen
- Oven or Range
- Microwave
- Freezer
- Ice Maker
- Dishwasher
Bedrooms and Bathrooms
- 8 Bedrooms
- 5 Bathrooms
Parking
- Detached Garage
- On-Street Parking
- Uncovered Parking
Utilities
- Water Conditioner
Community Details
- 4 Units
- Low-Rise Community
Listing and Financial Details
- The owner pays for water
- Assessor Parcel Number 422-271-16
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $18,497 | $1,485,691 | $1,326,510 | $159,181 |
| 2024 | $18,497 | $1,456,560 | $1,300,500 | $156,060 |
| 2023 | $17,845 | $1,428,000 | $1,275,000 | $153,000 |
| 2022 | $17,247 | $1,400,000 | $1,250,000 | $150,000 |
| 2021 | $3,746 | $143,767 | $45,774 | $97,993 |
| 2020 | $3,653 | $142,293 | $45,304 | $96,989 |
| 2019 | $3,559 | $139,503 | $44,415 | $95,088 |
| 2018 | $3,482 | $136,768 | $43,544 | $93,224 |
| 2017 | $3,445 | $134,087 | $42,690 | $91,397 |
| 2016 | $3,397 | $131,458 | $41,853 | $89,605 |
| 2015 | $3,366 | $129,484 | $41,224 | $88,260 |
| 2014 | $3,311 | $126,948 | $40,416 | $86,532 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/06/2026 01/06/26 | For Sale | $2,599,999 | 0.0% | $686 / Sq Ft |
| 12/31/2025 12/31/25 | Off Market | $2,599,999 | -- | -- |
| 12/02/2025 12/02/25 | Price Changed | $2,599,999 | -99.0% | $686 / Sq Ft |
| 01/23/2023 01/23/23 | For Sale | $259,900,000 | -- | $68,611 / Sq Ft |
Source: The MLS
MLS Number: 25623849
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© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Ask me questions while you tour the home.