2097 Wallace Avenue Costa Mesa, CA 92627
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyOrange
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site23 Days
- MLS StatusPending
- MLS ID NumberPW24083652
- Home Size Source N/A
- Year Built1958
- Lot Size0.1729 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Cottage
- Construction StuccoWood Siding
- Parking None
- Parking Spaces 2
- Sewer Public Sewer
- Number of Stories 11
- Acreage 0.1729
- Water Public
- Property Sub Type Triplex
- Garage Spaces 2
- Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
- Foundation Raised
- Listing Conditions Standard
- Direction Faces East
Interior Features
- Cooling None
- Heating Wall Furnace
- Appliances Gas OvenGas RangeMicrowaveRefrigerator
- Flooring Vinyl
- Interior Ceiling Fan(s)Quartz CountersRecessed Lighting
- Fireplace Features None
- Laundry Features Gas & Electric Dryer HookupOutsideWasher Hookup
- Window Features Double Pane Windows
- Fireplace No
Exterior Features
- Roof Shingle
- View None
- Fencing Wood
- Spa No
- Pool Features None
- Spa Features None
- Pool Expense 0
- Lot 2-5 Units/ AcreCorner LotSprinkler System
- Road Frontage City Street
Community Features
- Association Dues 0
- Community Features CurbsSidewalksStorm DrainsStreet Lights
- Senior Community No
- MLS Area C4 - Central Costa Mesa