NOT LISTED FOR SALE

1971 Wallace Ave Costa Mesa, CA 92627

Westside Costa Mesa Neighborhood
10 Beds
7 Baths
4,438 Sq Ft
0.43 Acres

Last Sold October 19, 2022

Last sale price $2,454,000 $553 Per Sq Ft

138 Days on Market

Highlights

  • 0.43 Acre Lot
  • Laundry Room
  • Family Room
  • Park
  • Tile Flooring
  • Wall Furnace

About This Home

As of October 2022

We are pleased to present the sale of 1971 Wallace Ave, a 5 unit multifamily property located in Westside Costa Mesa. Available for the first time in over 45 years, the property consists of (3) 2 bedroom / 1 bath units and (2) 2 bedroom / 1 ½ bathroom units. Situated on an approximate 18,757 square foot lot, each unit boasts private yards, single car garages, washer/dryer hook-ups, and are separately metered for gas and electricity. This asset is located in one of the most desirable rental markets in Orange County and offers tenants close proximity to major freeways, John Wayne Airport, parks, and all the amenities Harbor Blvd has to offer!

Last Agent to Sell the Property

Tim Carr

Pacific Sotheby's Int'l Realty License #01017277 Listed on: 05/16/2022

Co-Listed By

Linda Duffy

Pacific Sotheby's Int'l Realty License #01979777

Last Buyer's Agent

Elizabeth Kho

Joy Realty Inc. License #00970729

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 0.43 Acre Lot
  • No Common Walls
  • Back and Front Yard

Parking

  • 5 Car Garage

Home Design

  • Composition Roof

Interior Spaces

  • 4,438 Sq Ft Home
  • Family Room

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 26 / E
  • Tax Tract Number 612
  • Assessor Parcel Number 42227108

Community Details

Overview

  • 5 Units
  • West Costa Mesa North Subdivision

Recreation

  • Park

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

0

Parking

5

Listing Details

  • Price Per Unit: 519000
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: West Costa Mesa North (WNCM)
  • View: No
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 42227108
  • Year Built: 1966
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Price Per Square Foot: 552.95
  • Room Type: Family Room, Kitchen

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 10.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Park, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 18757.00
  • Lot Size Acres: 0.4306

Multi Family

  • Gross Scheduled Income: 121140.00
  • Lot Size Area: 18757.0000 Square Feet
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Rent Control: No

Tax Info

  • Tax Block: E
  • Tax Census Tract: 637.01
  • Tax Lot: 26
  • Tax Tract Number: 612

Range of Values:

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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
10/19/2022 10/19/22 Sold $2,454,000 -5.4% $553 / Sq Ft
10/01/2022 10/01/22 Pending -- -- --
08/03/2022 08/03/22 Price Changed $2,595,000 -5.6% $585 / Sq Ft
07/29/2022 07/29/22 For Sale $2,750,000 0.0% $620 / Sq Ft
06/06/2022 06/06/22 Pending -- -- --
05/16/2022 05/16/22 For Sale $2,750,000 -- $620 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tim Carr

    Seller's Agent in 2022

    Tim Carr

    Pacific Sotheby's Int'l Realty

    (949) 230-8454

    5 in this area

    153 Total Sales

    Tim Carr
    Section Image
  • Linda Duffy

    Seller Co-Listing Agent in 2022

    Linda Duffy

    Pacific Sotheby's Int'l Realty

    (949) 717-6000

    3 in this area

    16 Total Sales

    Linda Duffy
    Section Image

  • E

    Buyer's Agent in 2022

    Elizabeth Kho

    Joy Realty Inc.

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP22093521

California Regional Multiple Listing Service (CRMLS)
California Orange County Costa Mesa 92627 Westside Costa Mesa

1971 Wallace Ave, Costa Mesa, CA

This home is located at 1971 Wallace Ave, Costa Mesa, CA 92627 since 16 May 2022. This property was built in 1966. 1971 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.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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. Properties may or may not be listed by the office/agent presenting the information

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