Costa Mesa, CA 92627,2097 Wallace AVE
Costa Mesa, CA 92627,2097 Wallace AVE
Costa Mesa, CA 92627,2097 Wallace AVE
Costa Mesa, CA 92627,2097 Wallace AVE
Costa Mesa, CA 92627,2097 Wallace AVE
Costa Mesa, CA 92627,2097 Wallace AVE
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$1,850,000

$1,850,000

Est.Price: ?

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Est. payment /mo

7,531 Sqft Lot


SOLD DATE : 06/07/2024

Key Details

Sold Price $1,850,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW24083652

Sold Date 06/07/24

Construction Status Turnkey

HOA Y/N No

Year Built 1958

Lot Size 7,531 Sqft

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.

Location

State CA

County Orange

Area C4 - Central Costa Mesa

Interior

Interior Features Ceiling Fan(s), Quartz Counters, Recessed Lighting

Heating Wall Furnace

Cooling None

Flooring Vinyl

Fireplaces Type None

Fireplace No

Appliance Gas Oven, Gas Range, Microwave, Refrigerator

Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Outside

Exterior

Garage None

Garage Spaces 2.0

Garage Description 2.0

Fence Wood

Pool None

Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Shingle

Parking Type None

Total Parking Spaces 2

Private Pool No

Building

Lot Description 2-5 Units/Acre, Corner Lot, Sprinkler System

Faces East

Story 1

Entry Level One

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Cottage

Level or Stories One

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 42228101

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Ali Ghandour • Circa Properties, Inc.
Bought with Lena Ghezel • Compass
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