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2015 Wallace Ave, Costa Mesa, CA 92627
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2015 Wallace Ave Costa Mesa, CA 92627

$2,805,000 Sold Price as of 06/30/2023
  • 12 Beds
  • 6 Baths
  • 4,992 Sq.Ft.
Sold
$2,805,000 Sold Price as of 06/30/2023 Refinance Your Mortgage
Map preview of 2015 Wallace Ave, Costa Mesa, CA 92627

Property Overview: 2015 Wallace Ave Costa Mesa, CA has 12 bedrooms, 6 bathrooms, 4,992 living square feet and 18,800 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Available for the first time in nearly 50 years, this property consists of (6) 2 bedroom / 1 bathroom units. Situated on an approximate 18,800 square foot lot, each unit boasts private yards, single car garage, dual pane windows, washer/dryer hookups, newer roofs, and are separately metered for gas and electricity. In addition, a portion of the lot off the of the back alley is leased for storage and offers numerous possibilities. 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!

Listed by Timothy Carr | BRE #01017277 | Coldwell Banker Realty
Co-listed by Linda Duffy | BRE #01979777 | Coldwell Banker Realty
Last checked: 4 minutes ago | Last updated: June 30th, 2023 | Source CRMLS | DOM: 27

Home details

Lot Sq. Ft
18,800
HOA Dues
$0/mo
Year built
1966
Garage
6 Car
Property Type:
Mixed Use
Status
Sold
MLS#
NP23077104
City
Costa Mesa
County
Orange
Time on Site
339 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,925
  • Total Rent: $1,925
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,925
  • Total Rent: $1,925
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,925
  • Total Rent: $1,925
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,925
  • Total Rent: $1,925
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,980
  • Total Rent: $1,980
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,895
  • Total Rent: $1,895
  • Pro Forma/Market Rent: $2,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $138,900
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 2015 Wallace Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate, Tile
  • Family Room, Kitchen
Interior Features
  • Window Features: Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: Back Yard, Front Yard, Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 6
  • Parcel Number: 42228117
  • Year Built Source: Estimated
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: West Costa Mesa North (WNCM)
  • Directions: Wallace Ave between Placentia and Pomona off of Hamilton
Neighborhood Information
  • Community Features: Curbs, Park, Sidewalks
View more facts & features

Local Costa Mesa Agent

Sale History for 2015 Wallace Ave

Last sold for $2,805,000 on June 30th, 2023

  • June, 2023

  • Jun 30, 2023

    Date

    Sold

    CRMLS: NP23077104

    $2,805,000

    Price

  • May 5, 2023

    Date

    Active

    CRMLS: NP23077104

    $2,849,000

    Price

  • May, 2023

  • May 5, 2023

    Date

    Expired

    CRMLS: NP22093522

    $3,095,000

    Price

  • May 16, 2022

    Date

    Active

    CRMLS: NP22093522

    $3,300,000

    Price

  • Listing provided courtesy of CRMLS

  • September, 2006

  • Sep 21, 2006

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2015 Wallace Ave

Assessed Value (2020): $140,004
Year Land Value Improved Value Assessed Value
2020 $35,001 $105,003 $140,004

Home Value Compared to the Market

This property vs the competition

2015 Wallace Ave sold on June 30, 2023 for 107.96% higher 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 $570.71 per/sqft which puts the price per square foot 27.11% lower than the current median sale per square foot for the city of Costa Mesa.

About 2015 Wallace Ave

Detailed summary of property

2015 Wallace Ave is a mixed use that recently sold in Costa Mesa, CA 92627. This mixed use property offered 12 bedrooms, 6 bathrooms, roughly 4,992 living square feet, and sits on an approximately 18,800 square foot lot. 2015 Wallace Ave was first listed on ArdentRealEstateGroup.com on June 6, 2023. The homeowner sold the property for $2,805,000. 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 107.96% higher than the current median priced home. Local homes that are currently for sale include 1126 Raymond Ave, 1830-1838 E 7th St and 811 Gardenia Ave. While the average home in Costa Mesa, CA is selling in 30 days, 2015 Wallace Ave has a days on market of 27 days. There are currently 116 homes for sale in the Costa Mesa real estate market and 90 of them are single family homes while 9 of them are condos and 17 are townhomes. For more information on this home for sale at 2015 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 2015 Wallace Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
18,798
Stories
--
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
38
APN
422-281-17

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
$1,389,000
Median List Price/Sq.Ft.
$828
Median Sold Price
$1,500,000
Median Sold Price/Sq.Ft.
$788
Total Inventory
68
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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Thinking of Selling?
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(714) 706-1823

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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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