Tyler Rogina
Compass
(424) 417-6460
121 Total Sales
1 in Westside Costa Mesa
$1,540,000 Price
2097 Wallace Ave Costa Mesa, CA 92627
Westside Costa Mesa Neighborhood
2
Beds
1
Bath
2,344
Sq Ft
7,532
Sq Ft Lot
Highlights
- Corner Lot
- No HOA
- Double Pane Windows
- Quartz Countertops
- Cottage
- Recessed Lighting
About This Home
As of June 2024Introducing an attractive investment opportunity at 2097 Wallace in the vibrant city of Costa Mesa, California. This modern, cottage-style triplex presents a compelling value with a strong 5.2% capitalization rate. Each of the three units has been meticulously renovated to offer high-end, contemporary living spaces. Features include new flooring, fresh interior and exterior paint, and fully updated kitchens with granite countertops and shaker cabinets. Bathrooms have full tile showers making them instantly appealing to prospective tenants.
The property includes essential appliances such as refrigerators and gas stoves, along with ceiling fans throughout, enhancing tenant comfort and appeal. Each unit benefits from its own private yard, a desirable feature for all types of tenants including those with children or pets. Individual laundry hookups add a layer of convenience.
Secure this turnkey property to capitalize on its excellent location and modern amenities, ensuring a steady revenue stream and robust return on investment.
Unit Mix: 3 Units. Each unit has 2 Beds | 1 Bath | 750 sqft. Individual yards and laundry hookups. Detached two car garage could be additional revenue or potential ADU for a 4th Unit. Each unit is separately metered for gas and electric.
New: Roof, Kitchens, Bathrooms, Sub Panels, Plumbing, Doors, Fencing and Irrigation.
Last Agent to Sell the Property
Circa Properties, Inc. License #02016049 Listed on: 04/29/2024
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1958
Lot Details
- 7,532 Sq Ft Lot
- No Common Walls
- East Facing Home
- Wood Fence
- Corner Lot
- Sprinkler System
- Density is 2-5 Units/Acre
Parking
- 2 Car Garage
Home Design
- Triplex
- Cottage
- Entry on the 1st floor
- Turnkey
- Raised Foundation
- Fire Rated Drywall
- Shingle Roof
- Wood Siding
- Stucco
Interior Spaces
- 2,344 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Recessed Lighting
- Double Pane Windows
- Vinyl Flooring
Kitchen
- Gas Oven
- Gas Range
- Microwave
- Quartz Countertops
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Laundry
- Laundry Located Outside
- Washer and Gas Dryer Hookup
Outdoor Features
- Exterior Lighting
Utilities
- Wall Furnace
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 21 / B
- Tax Tract Number 612
- Assessor Parcel Number 42228101
- $2,118 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 3 Units
Amenities
- Laundry Facilities
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $960
- Insurance Expense $5,000
- Maintenance Expense $3,600
- Water Sewer Expense $2,400
- New Taxes Expense $17,000
- Operating Expense $28,960
- Net Operating Income $97,040
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
Apr 29, 2024
Closed on
May 28, 2024
Sold by
Bought by
Seller's Agent
Ali Ghandour
Circa Properties, Inc.
Buyer's Agent
Lena Ghezel
Compass
List Price
$1,850,000
Sold Price
$1,850,000
Views
39
Purchase Details
Closed on
May 10, 2023
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
$1,120,000
Interest Rate
6.28%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 27, 2023
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
$1,120,000
Interest Rate
6.28%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 3, 2005
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
$592,500
Interest Rate
3%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Westside Costa Mesa, CA
-
Tyler Rogina
-
Gil Wenck
Gil Wenck
SolTerra Estates & Lending Inc
(657) 300-5526
33 Total Sales
1 in Westside Costa Mesa
$875,000 Price
-
Danielle Wilson
Danielle Wilson
Compass
(949) 919-5939
57 Total Sales
1 in Westside Costa Mesa
$1,525,000 Price
-
Darlene Stinson
Darlene Stinson
Responds QuicklyT.N.G. Real Estate Consultants
(949) 596-7658
50 Total Sales
4 in Westside Costa Mesa
$1,345,000 Price Range
-
Linda Corpuz
Linda Corpuz
Responds QuicklyVilla Realty Group
(562) 501-4366
33 Total Sales
1 in Westside Costa Mesa
$950,000 Price
-
Karla Stagman
Karla Stagman
Compass
(949) 732-1762
58 Total Sales
2 in Westside Costa Mesa
$1.3M - $1.9M Price Range
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 |
|---|---|---|---|
| $1,850,000 | Lawyers Title | ||
| $1,250,000 | Lawyers Title Company | ||
| $1,200,000 | Wfg National Title Company | ||
| $790,000 | Lawyers Title |
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 |
|---|---|---|---|
| Previous Owner | $1,120,000 | ||
| Previous Owner | $650,000 | ||
| Previous Owner | $592,500 | ||
| Previous Owner | $118,500 | ||
| Previous Owner | $350,000 |
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 |
|---|---|---|---|---|
| 06/07/2024 06/07/24 | Sold | $1,850,000 | 0.0% | $789 / Sq Ft |
| 05/10/2024 05/10/24 | Pending | -- | -- | -- |
| 04/29/2024 04/29/24 | For Sale | $1,850,000 | -- | $789 / 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 | $22,263 | $1,924,740 | $1,820,700 | $104,040 |
| 2025 | $15,741 | $1,887,000 | $1,785,000 | $102,000 |
| 2024 | $15,741 | $1,274,998 | $1,167,760 | $107,238 |
| 2023 | $13,214 | $1,058,427 | $953,291 | $105,136 |
| 2022 | $12,798 | $1,037,674 | $934,599 | $103,075 |
| 2021 | $12,389 | $1,017,328 | $916,274 | $101,054 |
| 2020 | $11,266 | $915,552 | $821,503 | $94,049 |
| 2019 | $11,016 | $897,600 | $805,395 | $92,205 |
| 2018 | $10,792 | $880,000 | $789,602 | $90,398 |
| 2017 | $10,378 | $840,000 | $749,602 | $90,398 |
| 2016 | $10,047 | $812,200 | $721,802 | $90,398 |
| 2015 | $9,954 | $800,000 | $710,959 | $89,041 |
| 2014 | $9,376 | $750,000 | $660,959 | $89,041 |
Source: Public Records
Agents Affiliated with this Home
-
Ali Ghandour
Seller's Agent in 2024
Ali Ghandour
Circa Properties, Inc.
(714) 822-7716
1 in this area
27 Total Sales
-
Lena Ghezel
Buyer's Agent in 2024
Lena Ghezel
Compass
(714) 914-3443
2 in this area
49 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24083652
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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