1925 Wallace Ave
4 Unit Apartment Building $2,850,000 ($712,500/Unit) Costa Mesa, CA 92627
EXECUTIVE SUMMARY
For Sale
± 0.42 Acre Lot
± 18,295 SF
Two Lot Parcel
Front Lot: Existing 4 Unit Multi-Family Building- Leases expire 03/2023
Back Lot: Vacant Lot
± 0.42 Acre Lot
± 18,295 SF
Two Lot Parcel
Front Lot: Existing 4 Unit Multi-Family Building- Leases expire 03/2023
Back Lot: Vacant Lot
PROPERTY FACTS
| Price | $2,850,000 |
| Price Per Unit | $712,500 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 3,788 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Opportunity Zone |
Yes |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 900 |
1 of 1
Walk Score®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 422-271-16 | Improvements Assessment | $156,060 |
| Land Assessment | $1,300,500 | Total Assessment | $1,456,560 |
