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2073 Wallace Ave Costa Mesa, CA 92627

$1,950,000 Sold Price as of 06/10/2019

10 Beds
9 Baths
4,936 Sq.Ft.

Sold

$1,950,000 Sold Price as of 06/10/2019 Refinance Your Mortgage

Map preview of 2073 Wallace Ave, Costa Mesa, CA 92627

Property Overview: 2073 Wallace Ave Costa Mesa, CA has 10 bedrooms, 9 bathrooms, 4,936 living square feet and 17,476 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: ***LARGE 2BR HOUSE PLUS 2 SEPARATE DUPLEXES ON HUGE 17,400 SQ FT LOT!! FRONT HOUSE IS LARGE 2BR+ 1BA WITH NEW KITCHEN CABINETS, NEW FLOORS, NEW PAINT, WOOD BEAM CEILINGS, 2 FIREPLACES, HUGE PRIVATE REAR AND FRONT YARD WITH DETACHED DOUBLE CAR GARAGE, NEW ROOF, NEW LANDSCAPE, NEW FENCING, W/D HOOKUPS AND MORE, MARKET RENT $2,500. UNITS 2 THUR 5 ARE TWO SEPARATE DUPLEXES ALL LARGE 2BR+1.5BA TOWNHOME STYLE AND ALL HAVE NEW KITCHEN CABINETS, NEW SHOWER WALLS, SOME NEW BATHTUBS, NEW FLOORS, NEW PAINT, 16 NEW WINDOWS, NEW FENCING, W/D HOOKUPS, LARGE PRIVATE FENCED YARDS, AND MORE, MARKET RENT $2,100. BRAND NEW EXTERIOR PAINT, ALL UNITS HAVE IND GAS AND ELECTRIC METERS WITH IND WATER HEATERS FOR LOW EXPENSES, 2 GARAGES WITH 12 SPACES FOR PLENTY OF PARKING! STREET TO ALLEY ACCESS! GREAT COSTA MES LOCATION, MINUTES FROM THE BEACH! THIS ONE WILL NOT LAST!

Listed by Gregg Horvath | BRE #01007015 | R.L.M. Equities

Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 16

Home details

Lot Sq. Ft: 17,476
HOA Dues: $0/mo
Year built: 1965
Garage: 2 Car
Property Type:: Multi Family

Status: Sold
MLS#: PW19110841
City: Costa Mesa
County: Orange
Time on Site: 1443 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 5
Total # of Buildings: 3
# of Electric Meters: 5
# of Gas Meters: 5
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $2,100
Total Rent: $2,100
Pro Forma/Market Rent: $2,500

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 2
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,800
Total Rent: $1,800
Pro Forma/Market Rent: $2,100

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 2
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,800
Total Rent: $1,800
Pro Forma/Market Rent: $2,100

Unit Breakdown 4

# of Units: 1
# of Beds: 2
# of Baths: 2
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,800
Total Rent: $1,800
Pro Forma/Market Rent: $2,100

Unit Breakdown 5

# of Units: 1
# of Beds: 2
# of Baths: 2
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,800
Total Rent: $1,800
Pro Forma/Market Rent: $2,100

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $133,200
Net Operating Income: $90,576
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $42,624
Electric: $0
Gas/Fuel: $0
New Taxes: $0
Trash: $0
Insurance: $0
Professional Management: $0
Water/Sewer: $0

Property Details for 2073 Wallace Ave

Interior Features

Laundry Information

Has Laundry
Electric Dryer Hookup, Washer Hookup

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 2
# of Parking Spaces: 14

Lot Information

Lot Features: Lot 10000-19999 Sqft
Lot Size Source: Estimated

Property Information

Common Walls: 1 Common Wall
Total # of Units: 5
Parcel Number: 42228108
Year Built Source: Estimated
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Other
Water Source: Other

Location / Neighborhood

Location Information

Subdivision Name: Other (OTHR)
Other Subdivision Name: NONE
Directions: 19TH AND WALLACE

Neighborhood Information

Community Features: Curbs

View more facts & features

Local Costa Mesa Agent

Sale History for 2073 Wallace Ave

Last sold for $1,950,000 on June 10th, 2019

June, 2019
Jun 10, 2019

Date

Sold

CRMLS: PW19110841

$1,950,000

Price
May 29, 2019

Date

Pending

CRMLS: PW19110841

$1,995,000

Price
May 13, 2019

Date

Active

CRMLS: PW19110841

$1,995,000

Price
June, 2019
Jun 10, 2019

Date

Sold (Public Records)

Public Records

$1,950,000

Price
March, 2019
Mar 7, 2019

Date

Sold

CRMLS: OC19028341

$1,650,000

Price
Feb 21, 2019

Date

Pending

CRMLS: OC19028341

$1,500,000

Price
Feb 12, 2019

Date

Hold

CRMLS: OC19028341

$1,500,000

Price
Feb 6, 2019

Date

Active

CRMLS: OC19028341

$1,500,000

Price
Listing provided courtesy of CRMLS

Trust/Probate Sale. This 5 Plex Has Tremendous Upside Potential. Units Need TLC Huge Lot Nearly 18,000 sqft., Front Unit is a Detached and Has 2 Bedrooms 2 Bathrooms and a 2 Car Garage. Units B-E Have 2 bedrooms & 1.5 Bathrooms. All Units Have Inside Laundry, Property Also has Alley Access. Property to Be Sold In Its "AS-IS" Present Condition. No Termite/No Repairs. Check with the City Of Costa Mesa other Building Possibilities. **Operating Expenses Are Unknown**

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March, 2019
Mar 6, 2019

Date

Sold (Public Records)

Public Records

$1,650,000

Price

Tax History for 2073 Wallace Ave

Assessed Value (2020): $1,680,000

Year	Land Value	Improved Value	Assessed Value
2020	$1,428,000	$252,000	$1,680,000

Home Value Compared to the Market

This property vs the competition

2073 Wallace Ave sold on June 10, 2019 for 46.69% higher than the current median sold price for the city of Costa Mesa which is $1,360,000. The median sold price per/sqft for Costa Mesa is $824 and this home is sold at $404.17 per/sqft which puts the price per square foot 50.95% lower than the current median sale per square foot for the city of Costa Mesa.

About 2073 Wallace Ave

Detailed summary of property

2073 Wallace Ave is a multi family that recently sold in Costa Mesa, CA 92627. This multi family property offered 10 bedrooms, 9 bathrooms, roughly 4,936 living square feet, and sits on an approximately 17,476 square foot lot. 2073 Wallace Ave was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $1,950,000. Home in Costa Mesa are selling for a median price of $1,360,000 and a median price per square foot of $824. Based on Ardent Real Estate Group's Costa Mesa Market Data, this home is sold 46.69% higher than the current median priced home. Local homes that are currently for sale include 1210 S Athena Way, 1150 S State College Blvd and 1026 N Shattuck Pl. While the average home in Costa Mesa, CA is selling in 36 days, 2073 Wallace Ave has a days on market of 16 days. There are currently 135 homes for sale in the Costa Mesa real estate market and 100 of them are single family homes while 16 of them are condos and 19 are townhomes. For more information on this home for sale at 2073 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 2073 Wallace Ave

Public county record property details

Beds: --
Baths: --
Year built: 1965
Sq. Ft.: --
Lot Size: 17,477
Stories: --

Type: Apartments (Generic)
Pool: No
Spa: No
County: Orange
Lot#: 26
APN: 422-281-08

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

$1,488,000

Median List Price/Sq.Ft.

$828

Median Sold Price

$1,325,000

Median Sold Price/Sq.Ft.

$921

Total Inventory

Median Sale to List Price %

98.22%

Avg Days on Market

Loan Type

Conventional (54.55%), FHA (0%), VA (0%), Cash (36.36%), Other (9.09%)

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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.