Seller's Agent in 2020
Greg Bassirpou
Marcus & Millichap RE Invest
(949) 419-3269
1 in this area
30 Total Sales
2014 Wallace Ave Costa Mesa, CA 92627
Westside Costa Mesa Neighborhood
9
Beds
4
Baths
5,309
Sq Ft
0.43
Acres
Highlights
- 0.43 Acre Lot
- Laundry Room
- Back and Front Yard
- Property is near public transit
- Landscaped
- 1-Story Property
About This Home
As of March 2020The Wallace Avenue Apartments is a five-unit apartment building located in the highly desirable submarket of Costa Mesa within the greater Orange County area. The property offers an attractive unit mix consisting of (1) four bedroom/ two-bathroom Townhouse, (1) three bedroom/ one-bathroom Cottage, and (3) two bedroom / one bathroom Cottages totaling 5,309 square feet, situated on an large 18,746 square foot lot.
The property has gone through recent renovations and upgrades of the interiors and exterior. Some interior upgrades include but are not limited to: new windows, new garage doors, new kitchens, new appliances, quartz countertops, new bathrooms, and new flooring. Common area amenities include: Large yards, enclosed garages and washer / dryer hookups.
Costa Mesa is one of Orange County’s hidden gems. Revered as “City of the Arts”, Costa Mesa is the destination of choice for more than 46 million visitors each year due to its many sites / events of interest, including: South Coast Plaza, Segerstrom Center for the Arts, and the annual OC County Fair.
Last Agent to Sell the Property
Marcus & Millichap RE Invest License #01365951 Listed on: 01/17/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 0.43 Acre Lot
- No Common Walls
- Landscaped
- Back and Front Yard
Parking
- 11 Open Parking Spaces
- 6 Car Garage
Interior Spaces
- 5,309 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 9 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Additional Features
- Exterior Lighting
- Property is near public transit
Listing and Financial Details
- Legal Lot and Block 18 / C
- Tax Tract Number 612
- Assessor Parcel Number 42225219
Community Details
Overview
- 4 Buildings
- 5 Units
Building Details
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $675
- Fuel Expense $675
- Insurance Expense $2,000
- Trash Expense $675
- Water Sewer Expense $675
- New Taxes Expense $30,412
- Operating Expense $38,862
- Gross Income $149,880
- Net Operating Income $108,020
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/31/2020 03/31/20 | Sold | $2,600,000 | -1.9% | $490 / Sq Ft | |
| 03/02/2020 03/02/20 | Pending | -- | -- | -- | |
| 01/17/2020 01/17/20 | For Sale | $2,650,000 | +53.2% | $499 / Sq Ft | |
| 01/12/2018 01/12/18 | Sold | $1,730,000 | -10.1% | $326 / Sq Ft | View Prior Sale |
| 10/30/2017 10/30/17 | Pending | -- | -- | -- | |
| 10/03/2017 10/03/17 | For Sale | $1,925,000 | +92.5% | $363 / Sq Ft | |
| 03/12/2012 03/12/12 | Sold | $1,000,000 | -9.1% | $188 / Sq Ft | View Prior Sale |
| 02/16/2012 02/16/12 | Pending | -- | -- | -- | |
| 12/14/2011 12/14/11 | For Sale | $1,100,000 | -- | $207 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $33,372 | $2,843,478 | $2,515,385 | $328,093 |
| 2024 | $33,372 | $2,787,724 | $2,466,064 | $321,660 |
| 2023 | $32,305 | $2,733,063 | $2,417,710 | $315,353 |
| 2022 | $31,364 | $2,679,474 | $2,370,304 | $309,170 |
| 2021 | $30,440 | $2,626,936 | $2,323,828 | $303,108 |
| 2020 | $21,653 | $1,799,892 | $1,383,732 | $416,160 |
| 2019 | $21,176 | $1,764,600 | $1,356,600 | $408,000 |
| 2018 | $14,165 | $1,103,904 | $846,224 | $257,680 |
| 2017 | $13,943 | $1,082,259 | $829,631 | $252,628 |
| 2016 | $13,935 | $1,061,039 | $813,364 | $247,675 |
| 2015 | $13,806 | $1,045,102 | $801,147 | $243,955 |
| 2014 | $13,515 | $1,024,630 | $785,453 | $239,177 |
Source: Public Records
Agents Affiliated with this Home
-
Greg Bassirpou
-
Dale Cheema
Buyer's Agent in 2020
Dale Cheema
Keller Williams Realty Irvine
(949) 861-8001
56 Total Sales
-
Tyler Leeson
Seller's Agent in 2018
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
1 in this area
156 Total Sales
-
K
Seller Co-Listing Agent in 2018
Kurt Hediger
Marcus & Millichap RE Invest
-
Carmelita Tiongson
Seller's Agent in 2012
Carmelita Tiongson
Keller Williams Realty
(562) 305-7995
11 Total Sales
-
Jason Harris
J
Buyer's Agent in 2012
Jason Harris
Land Storm Appraisal Services
(818) 510-0982
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC20013358
APN: 422-252-19
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.
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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