NOT LISTED FOR SALE

1940 Wallace Ave Costa Mesa, CA 92627

Westside Costa Mesa Neighborhood
20 Beds
3 Baths
8,254 Sq Ft
1.1 Acres

Last Sold June 07, 2022

Last sale price $4,500,000 $545 Per Sq Ft

10 Days on Market

About This Home

As of June 2022

The apartment townhomes at 1940 Wallace Avenue is located in an Opportunity Zone in the highly desirable city of Costa Mesa. Situated on a large 18,423 SF lot, the property consists of all two-bedroom units with 90% of the units townhome style floor plans.

Last Agent to Sell the Property

Mike O’Neill

CB Richard Ellis, Inc. License #02036937 Listed on: 04/19/2022

Last Buyer's Agent

Daniel Blackwell

CB Richard Ellis, Inc. License #01854961

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 1.1 Acre Lot

Interior Spaces

  • 8,254 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 3 Bathrooms

Parking

  • 9 Open Parking Spaces
  • 19 Parking Spaces
  • Carport

Community Details

  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 422-262-14

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Living Area: 8254
  • Lot Acreage: 1.1000
  • Stories: 2
  • Year Built: 1977
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 20
  • Total Bathrooms: 3.00
  • Price Per S Q F T: 557.31

Exterior Features

  • Other Structures: None

Garage/Parking

  • Other Spaces: 9
  • Covered Parking: 10
  • Parking Garage: Carport, Uncovered
  • Total Parking: 19

Lot Info

  • Assessed Improvement Percent: 28.12
  • Assessed Improvement Value: 727274
  • Assessed Land Percent: 71.88
  • Assessed Land Value: 1859198
  • Total Assessed Value: 2586472
  • Assessor Parcel Number: 422-262-14
  • Lot Size Area: 18423

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 17.27
  • Number Of Units: 10
  • Total Annual Expense: 91025
  • Type Of Units: Apartments
  • Vacancy Rate: 3

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2022 06/07/22 Sold $4,500,000 -2.2% $545 / Sq Ft
04/29/2022 04/29/22 Pending -- -- --
04/19/2022 04/19/22 For Sale $4,600,000 -- $557 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mike O’Neill

    Seller's Agent in 2022

    Mike O’Neill

    CB Richard Ellis, Inc.

    (949) 725-8500

    2 in this area

    48 Total Sales

    Mike O’Neill
    Section Image
  • Daniel Blackwell

    Buyer's Agent in 2022

    Daniel Blackwell

    CB Richard Ellis, Inc.

    (949) 423-6111

    2 in this area

    49 Total Sales

    Daniel Blackwell
    Section Image
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Map

Source: The MLS

MLS Number: 22-147913

The MLS
California Orange County Costa Mesa 92627 Westside Costa Mesa

1940 Wallace Ave, Costa Mesa, CA

This home is located at 1940 Wallace Ave, Costa Mesa, CA 92627 since 19 April 2022. This property was built in 1977. 1940 Wallace Ave is a home located in Orange County with nearby schools including Pomona Elementary School, Charles W. Tewinkle Middle School, and Estancia High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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