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2086 Wallace Ave, Costa Mesa, CA 92627
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2086 Wallace Ave Costa Mesa, CA 92627

$1,395,000 Sold Price as of 05/24/2023
  • 5 Beds
  • 3 Baths
  • 2,400 Sq.Ft.
Sold
$1,395,000 Sold Price as of 05/24/2023 Refinance Your Mortgage
Map preview of 2086 Wallace Ave, Costa Mesa, CA 92627

Property Overview: 2086 Wallace Ave Costa Mesa, CA has 5 bedrooms, 3 bathrooms, 2,400 living square feet and 8,899 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Fantastic Triplex!!! Three units, all on one level with separate yards and on-site parking for up to 10 cars!!! Situated on a huge approx 9000 sq ft lot! PLUS ROOM TO ADD AN ADU per City of Costa Mesa! As an added bonus, this triplex is located in a highly coveted Opportunity Zone! Investors: FABULOUS IMPROVEMENTS are now complete to the #2 & #3 unit's kitchens and baths plus new vinyl plank hardwood-like flooring, new interior paint. This property is also great for multi-family living, or live in one unit and rent out the other two! Located in an area of Costa Mesa where many properties are being nicely remodeled and updated, this triplex is also situated in close proximity to many adorable and well-kept single family homes. Approximately three miles to Newport Beach and the Newport Pier and only 1.3 miles to all of the exciting shops, restaurants, theaters, Trader Joe's, etc at The Triangle in Costa Mesa! All units will be delivered vacant at COE!

Listed by Julia Wilson | BRE #00959162 | Seven Gables Real Estate
Last checked: 12 minutes ago | Last updated: June 6th, 2023 | Source CRMLS | DOM: 61

Home details

Lot Sq. Ft
8,899
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Triplex
Status
Sold
MLS#
OC23026200
City
Costa Mesa
County
Orange
Time on Site
506 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
  • # of Electric Meters: 1
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,675
  • Total Rent: --
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $1,975
  • Total Rent: --
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $1,975
  • Total Rent: --
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $67,500
  • Net Operating Income: $67,500
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 2086 Wallace Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Laundry Information
  • Has Laundry
  • Inside, Washer Hookup
Room Information
  • All Bedrooms Down
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Estimated
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Total # of Units: 3
  • Parcel Number: 42225204
  • Year Built Source: Estimated
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Placentia to Hanilton St to Wallace
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Costa Mesa Agent

Sale History for 2086 Wallace Ave

Last sold for $1,395,000 on May 24th, 2023

  • May, 2023

  • May 24, 2023

    Date

    Sold

    CRMLS: OC23026200

    $1,395,000

    Price

  • Feb 23, 2023

    Date

    Active

    CRMLS: OC23026200

    $1,425,000

    Price

  • June, 1999

  • Jun 7, 1999

    Date

    Sold (Public Records)

    Public Records

    $255,000

    Price

Show More

Tax History for 2086 Wallace Ave

Assessed Value (2020): $329,732
Year Land Value Improved Value Assessed Value
2020 $234,110 $95,622 $329,732

Home Value Compared to the Market

This property vs the competition

2086 Wallace Ave sold on May 24, 2023 for 2.57% 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 $581.25 per/sqft which puts the price per square foot 29.46% lower than the current median sale per square foot for the city of Costa Mesa.

About 2086 Wallace Ave

Detailed summary of property

2086 Wallace Ave is a triplex that recently sold in Costa Mesa, CA 92627. This triplex offered 5 bedrooms, 3 bathrooms, roughly 2,400 living square feet, and sits on an approximately 8,899 square foot lot. 2086 Wallace Ave was first listed on ArdentRealEstateGroup.com on February 15, 2023. The homeowner sold the property for $1,395,000. 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 2.57% higher than the current median priced home. Local homes that are currently for sale include 7020 Schroll St, 720 Coronado Ave and 1761 Redondo Ave. While the average home in Costa Mesa, CA is selling in 36 days, 2086 Wallace Ave has a days on market of 61 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 2086 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 2086 Wallace Ave

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
--
Lot Size
8,899
Stories
--
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
3
APN
422-252-04

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
71
Median Sale to List Price %
98.22%
Avg Days on Market
19
Loan Type
Conventional (54.55%), FHA (0%), VA (0%), Cash (36.36%), Other (9.09%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 2086 Wallace Ave

2073 Wallace Ave, Costa Mesa, CA 92627
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2073 Wallace Ave
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2016 Wallace Ave, Costa Mesa, CA 92627
$2,500,000 Last Sold Price
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2016 Wallace Ave
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2014 Wallace Ave, Costa Mesa, CA 92627
$2,600,000 Last Sold Price
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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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