2097 Wallace Avenue
2097 Wallace Avenue
$1,850,000
2
3
2,344
2,344
$789
Closed 6/7/24
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...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.
- Listed by Ali Ghandour • DRE #02016049 • Brokerage DRE #02182130 • Circa Properties, Inc.
Property Details for 2097 Wallace Avenue
Architectural Style
Cottage
ViewNone
Parking Spaces Total2
Private PoolNo
Cooling TypeN/K
Total Units3.0
Building TypeDetached
Lot Size SourceAssessor
Location
LISTING UPDATED: 06/07/2024 10:28 PM
Property Details for 2097 Wallace Avenue
Status | Closed |
---|---|
MLS # | PW24083652 |
Days on Market | 11 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1958 |
Lot Size | 0.17 AC / 7,532 SF |
County | Orange County |
Location
Building Information for 2097 Wallace Avenue
Stories1Residences-Year Built1958Building Size-Lot Size0.17 AC / 7,532 SF
Payment Calculator
$11,197 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 2097 Wallace Avenue
Property History for 2097 Wallace Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2097 Wallace Avenue
Taxable ValueLand$953,291Additions$105,136Total$1,058,427
Tax Record2023$13,214 ($1,101 / month)
Home Facts
Total Finished SqFt2,344 SqFtAbove Grade Finished SqFt2,344 SqFtLot Size8,161 SqFtStyleMulti-Family Res (5+ Units)Year Built1958CountyORANGEAPN422-281-01
Schools near 2097 Wallace Avenue
This home is within Newport-Mesa Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Pomona Elementary School PublicK to 6 | ||
Charles W. Tewinkle Middle School Public7 to 8 | ||
Estancia High School Public9 to 12 | ||
Early College High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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