Michelle Fairchild
Premiere Choice Mfd Housing
(657) 312-4228
253 Total Sales
7 in Westside Costa Mesa
$55K - $145K Price Range
2028 Wallace Ave Unit C Costa Mesa, CA 92627
Westside Costa Mesa Neighborhood
4
Beds
4
Baths
2,299
Sq Ft
0.43
Acre Lot
Highlights
- 0.43 Acre Lot
- Laundry Facilities
- 1-Story Property
- Bike Trail
About This Home
As of October 2025Welcome to 2028 Wallace Avenue, a rare multifamily/redevelopment investment opportunity located in the heart of Costa Mesa’s rapidly evolving Westside. Situated on a massive lot, this three-unit property features an attractive unit mix consisting of (1) 3BR/2.5BA and (2) 1BR/1BA units across approximately 2,299 SF of existing living space. Positioned within the Mesa West Urban Plan and a federally recognized Opportunity Zone, 2028 Wallace offers significant upside potential. Investors have the opportunity to modernize the existing units, add Accessory Dwelling Units (ADUs), or redevelop the site entirely by leveraging the increased density allowances of the Mesa West Specific Plan. The Opportunity Zone designation further enhances the appeal with the potential for long-term tax advantages.
Last Agent to Sell the Property
Gould Group Inc Brokerage Email: ng@gouldgroupinc.com License #01521955 Listed on: 05/27/2025
Last Buyer's Agent
Gould Group Inc Brokerage Email: ng@gouldgroupinc.com License #01521955 Listed on: 05/27/2025
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1956
Lot Details
- 18,539 Sq Ft Lot
- 1 Common Wall
- Density is 6-10 Units/Acre
Parking
- 7 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 2,299 Sq Ft Home
- 1-Story Property
- Washer and Gas Dryer Hookup
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Legal Lot and Block 15 / C
- Tax Tract Number 612
- Assessor Parcel Number 42225216
- $2,053 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 3 Units
- Costa Mesa Residential Income Subdivision
Amenities
- Laundry Facilities
Recreation
- Bike Trail
Building Details
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Gross Income $62,400
- Net Operating Income $62,400
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 27, 2025
Closed on
Oct 7, 2025
Sold by
Bought by
Seller's Agent
Nick Gould
Gould Group Inc
Buyer's Agent
Nick Gould
Gould Group Inc
List Price
$2,250,000
Sold Price
$1,900,000
Premium/Discount to List
-$350,000
-15.56%
Views
39
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,330,000
Outstanding Balance
$1,318,621
Interest Rate
6.35%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 28, 1999
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,353
Interest Rate
6.84%
Mortgage Type
FHA
Purchase Details
Closed on
May 30, 1995
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Westside Costa Mesa, CA
-
Michelle Fairchild
-
Mickey Tameifuna
Mickey Tameifuna
Mint Real Estate
(657) 500-0637
35 Total Sales
2 in Westside Costa Mesa
$696,000 Price Range
-
Ronnie Hackett
Ronnie Hackett
Berkshire Hathaway HomeService
(949) 867-4677
158 Total Sales
3 in Westside Costa Mesa
$1.6M - $1.9M Price Range
-
David George
David George
Compass
(657) 315-1617
81 Total Sales
1 in Westside Costa Mesa
$965,000 Price
-
Darrell Burns
Darrell Burns
Savient Financial, Inc.
(888) 994-7785
62 Total Sales
2 in Westside Costa Mesa
$1.1M - $1.6M Price Range
-
Rob Brandon
Rob Brandon
JohnHart Real Estate
(949) 751-1335
53 Total Sales
1 in Westside Costa Mesa
$1,725,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,900,000 | Upward Title Company | ||
| -- | Fidelity National Title Ins | ||
| $172,500 | Fidelity National Title Ins | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,330,000 | ||
| Previous Owner | $167,997 | ||
| Previous Owner | $100,000 | ||
| Previous Owner | $212,000 | ||
| Previous Owner | $210,000 | ||
| Previous Owner | $171,353 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/27/2025 10/27/25 | Sold | $1,900,000 | -15.6% | $826 / Sq Ft |
| 08/22/2025 08/22/25 | Pending | -- | -- | -- |
| 05/27/2025 05/27/25 | For Sale | $2,250,000 | -- | $979 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $6,367 | $1,900,000 | $1,735,277 | $164,723 |
| 2025 | $6,159 | $398,091 | $233,368 | $164,723 |
| 2024 | $6,159 | $390,286 | $228,792 | $161,494 |
| 2023 | $5,883 | $382,634 | $224,306 | $158,328 |
| 2022 | $5,630 | $375,132 | $219,908 | $155,224 |
| 2021 | $5,383 | $367,777 | $215,596 | $152,181 |
| 2020 | $5,289 | $364,006 | $213,385 | $150,621 |
| 2019 | $5,161 | $356,869 | $209,201 | $147,668 |
| 2018 | $5,052 | $349,872 | $205,099 | $144,773 |
| 2017 | $4,980 | $343,012 | $201,077 | $141,935 |
| 2016 | $4,889 | $336,287 | $197,135 | $139,152 |
| 2015 | $4,844 | $331,236 | $194,174 | $137,062 |
| 2014 | $4,748 | $324,748 | $190,370 | $134,378 |
Source: Public Records
Agents Affiliated with this Home
-
Nick Gould
Seller's Agent in 2025
Nick Gould
Gould Group Inc
(925) 998-1315
4 in this area
25 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP25117556
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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