2097 Wallace Avenue, Costa Mesa, CA 92627
- $1,850,000
- List Price
- $1,850,000
- Status
- ACTIVE
- MLS#
- PW24083652
- Year Built
- 1958
- Lot Size
- 7,532
- Acres
- 0.17
- Lot Location
- 2-5 Units/Acre, Corner Lot, Sprinkler System
- Days on Market
- 18
- Property Type
- Multifamily
- Style
- Cottage
- Property Sub Type
- Triplex
- Stories
- One Level
Property Description
Introducing 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.
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Additional Information
- Appliances
- Gas Oven, Gas Range, Microwave, Refrigerator
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- View
- None
- Exterior Construction
- Drywall, Stucco, Wood Siding
- Roof
- Shingle
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Ceiling Fan(s), Quartz Counters, Recessed Lighting
- Attached Structure
- Detached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $126,000
- Operating Expense
- 28960
Listing courtesy of Listing Agent: Ali Ghandour (aghandourre@gmail.com) from Listing Office: Circa Properties, Inc..
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.