This Multifamily Property is no longer advertised on LoopNet.com.

1965 Wallace Ave
Costa Mesa, CA 92627

Multifamily Property For Sale · 6 Units

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

ZONING

Zoning Code R2-HD
  • Listing ID: 27591276

  • Date on Market: 1/25/2023

  • Last Updated:

  • Address: 1965 Wallace Ave, Costa Mesa, CA 92627