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1835 Wallace Ave, Costa Mesa, CA 92627
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1835 Wallace Ave Costa Mesa, CA 92627

$1,360,000 Sold Price as of 09/06/2019
  • 9 Beds
  • 4 Baths
  • 2,880 Sq.Ft.
Sold
$1,360,000 Sold Price as of 09/06/2019 Refinance Your Mortgage
Map preview of 1835 Wallace Ave, Costa Mesa, CA 92627

Property Overview: 1835 Wallace Ave Costa Mesa, CA has 9 bedrooms, 4 bathrooms, 2,880 living square feet and 14,619 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: These 4 separate buildings with private garages are an investors delight! No common walls, private parking, spacious and with private yards. Can't beat the location, close to it all~eateries, entertainment, shopping and transportation. This income opportunity will not last long. Live smart, live in one and rent 3. Explore the area! Just minutes from beaches, universities, parks and schools. Priced at only $416.67 per square foot. Call to schedule your private showing today!

Listed by Erick Torres | BRE #01923553 | Prime-Time Realty and Mortgage
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 4

Home details

Lot Sq. Ft
14,619
HOA Dues
$0/mo
Year built
1955
Garage
4 Car
Property Type:
Fourplex
Status
Sold
MLS#
OC19119622
City
Costa Mesa
County
Orange
Time on Site
1397 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,125
  • Total Rent: $1,125
  • Pro Forma/Market Rent: $1,125
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,125
  • Total Rent: $1,125
  • Pro Forma/Market Rent: $1,125
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,125
  • Total Rent: $1,125
  • Pro Forma/Market Rent: $1,125
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,325
  • Total Rent: $1,325
  • Pro Forma/Market Rent: $1,325
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $56,400
  • Net Operating Income: $47,321
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $9,079
  • New Taxes: $5,539
  • Trash: $540
  • Gardener: $1,200
  • Insurance: $1,800

Property Details for 1835 Wallace Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace, See Remarks
Laundry Information
  • No Laundry
  • None
Room Information
  • All Bedrooms Down
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: Walkstreet, Yard
  • Lot Size Source: Assessor
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 42417110
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: I-5 S/Santa Ana. Take exit 103 to merge onto CA-55 S/State Rte 55 S toward Newport Beach. Continue on W 18th St. Drive to Wallace Ave. Turn right onto W 18th St. Turn right onto Wallace Ave, Arrive.
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Costa Mesa Agent

Sale History for 1835 Wallace Ave

Last sold for $1,600,000 on September 13th, 2019

  • September, 2019

  • Sep 13, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,600,000

    Price

  • September, 2019

  • Sep 10, 2019

    Date

    Sold

    CRMLS: OC19119622

    $1,360,000

    Price

  • Jul 31, 2019

    Date

    Pending

    CRMLS: OC19119622

    $1,200,000

    Price

  • Jul 27, 2019

    Date

    Active

    CRMLS: OC19119622

    $1,200,000

    Price

  • Jun 11, 2019

    Date

    Hold

    CRMLS: OC19119622

    $1,200,000

    Price

  • Jun 11, 2019

    Date

    Active

    CRMLS: OC19119622

    $1,200,000

    Price

  • September, 2019

  • Sep 4, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,360,000

    Price

Show More

Tax History for 1835 Wallace Ave

Assessed Value (2020): $1,600,000
Year Land Value Improved Value Assessed Value
2020 $1,464,449 $135,551 $1,600,000

Home Value Compared to the Market

This property vs the competition

1835 Wallace Ave sold on September 6, 2019 for 12.41% lower than the current median sold price for the city of Costa Mesa which is $1,370,000. The median sold price per/sqft for Costa Mesa is $783 and this home is sold at $416.67 per/sqft which puts the price per square foot 46.79% lower than the current median sale per square foot for the city of Costa Mesa.

About 1835 Wallace Ave

Detailed summary of property

1835 Wallace Ave is a fourplex that recently sold in Costa Mesa, CA 92627. This fourplex offered 9 bedrooms, 4 bathrooms, roughly 2,880 living square feet, and sits on an approximately 14,619 square foot lot. 1835 Wallace Ave was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $1,360,000. Home in Costa Mesa are selling for a median price of $1,370,000 and a median price per square foot of $783. Based on Ardent Real Estate Group's Costa Mesa Market Data, this home is sold 12.41% lower than the current median priced home. Local homes that are currently for sale include 317 W Guinida Ln, 320 E Valencia Ave and 825 S Claudina St. While the average home in Costa Mesa, CA is selling in 32 days, 1835 Wallace Ave has a days on market of 4 days. There are currently 116 homes for sale in the Costa Mesa real estate market and 92 of them are single family homes while 8 of them are condos and 16 are townhomes. For more information on this home for sale at 1835 Wallace Ave Costa Mesa, CA 92627 contact Ardent Real Estate Group and we will put you in touch with one of our Costa Mesa agents.

Public Facts for 1835 Wallace Ave

Public county record property details
Beds
2
Baths
1
Year built
1955
Sq. Ft.
720
Lot Size
14,617
Stories
1
Type
Single Family Residential
Pool
No
Spa
No
County
Orange
Lot#
703
APN
424-171-10

The source for these homes facts are from public records.

92627 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,495,000
Median List Price/Sq.Ft.
$869
Median Sold Price
$1,500,000
Median Sold Price/Sq.Ft.
$788
Total Inventory
66
Median Sale to List Price %
100%
Avg Days on Market
28
Loan Type
Conventional (44.44%), FHA (0%), VA (0%), Cash (38.89%), Other (16.67%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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