This Multifamily Property is no longer advertised on LoopNet.com.
1965 Wallace Ave
Costa Mesa, CA 92627
Multifamily Property For Sale · 6 Units
![1965 Wallace Ave, Costa Mesa, CA for sale - Building Photo - Image 1 of 1](https://images1.loopnet.com/i2/MFV0X2Hbe0t08lZhbL-ZE3aMywygNDuBZ-WSKqsOA50/110/1965-Wallace-Ave-Costa-Mesa-CA-Building-Photo-1-Large.jpg)
INVESTMENT HIGHLIGHTS
- All Two & Three Bedrooms
- W/D Hookups, Patios, Balconies, 2:1 Parking Ratio
- 11.04 GRM & 6.9 CAP Rate on Market Rents
- Single Story and Townhouse Style Units
- Priced at $445,833/Unit. Recent Sales Comparables Average Over $515,000/Unit
- Discounted Pricing for Rents Projected to be 90% Below Market
PROPERTY FACTS
No. Units | 6 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.42 AC |
Building Size | 6,049 SF |
Average Occupancy | 100% |
No. Stories | 2 |
Year Built | 1952 |
Parking Ratio | 1.98/1,000 SF |
UNIT AMENITIES
- Balcony
- Fireplace
- Washer/Dryer Hookup
- Patio
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
3+2 | 3 | $1,880 | 1,123 - 1,444 |
2+2 | 3 | $1,710 | 899 - 910 |
PROPERTY TAXES
Parcel Number | 422-271-09 | Improvements Assessment | $464,101 |
Land Assessment | $2,213,399 | Total Assessment | $2,677,500 |
ZONING
Zoning Code | R2-HD |
Learn More About Investing in Apartment Buildings
Listing ID: 27591276
Date on Market: 1/25/2023
Last Updated:
Address: 1965 Wallace Ave, Costa Mesa, CA 92627
The Multifamily Property at 1965 Wallace Ave, Costa Mesa, CA 92627 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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