Property Details
About this Property
Welcome to 2028 Wallace Avenue, a rare multifamily/redevelopment investment opportunity located in the heart of Costa Mesa’s rapidly evolving Westside. Situated on a massive lot, this three-unit property features an attractive unit mix consisting of (1) 3BR/2.5BA and (2) 1BR/1BA units across approximately 2,299 SF of existing living space. Positioned within the Mesa West Urban Plan and a federally recognized Opportunity Zone, 2028 Wallace offers significant upside potential. Investors have the opportunity to modernize the existing units, add Accessory Dwelling Units (ADUs), or redevelop the site entirely by leveraging the increased density allowances of the Mesa West Specific Plan. The Opportunity Zone designation further enhances the appeal with the potential for long-term tax advantages.
MLS Listing Information
MLS #
CRNP25117556
MLS Source
California Regional MLS
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Garage: 7 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | 3 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
2028 Wallace Ave is a Triplex in Costa Mesa, CA 92627. This – square foot property sits on a 18,539 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,900,000 and was built in 1956. This address can also be written as 2028 Wallace Ave, Costa Mesa, CA 92627.
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This listing information is up-to-date as of October 31, 2025. For the most current information, please contact Nick Gould
