1933 Wallace Avenue,  Costa Mesa CA, 92627 (Residential Income)

5,424 sqft
Status: Active
MLS#: PW16707128
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Last Updated: 12/9/2016 1:05 AM
Description for 1933 Wallace Avenue Costa Mesa, CA 92627
Pleased to present this pride of ownership nine unit apartment building. built in 1957, it is comprised of nine one bedroom one bathroom units most of which are single story with private entrances and large private backyards. Tenants find parking a terrific added benefit with this building boasting a 2 to 1 parking spaces to units ratio. Currently the property has leased laundry that give additional income without the headache of maintenance. It is also separately metered for gas and electricity. The city of Costa Mesa is one of Orange County' s leading cultural and business centers. The city is home to The Orange County Performing Arts Center, Orange County Fair Grounds and South Coast Plaza which is one the highest volume shopping centers in the nation. Costa Mesa is bordered by the cities of Santa Ana, Newport Beach, Huntington Beach, Fountain Valley, and Irvine. It is approximately 37 miles southeast of Los Angeles and 88 miles north of San Diego. The city has a current population of 113,440 with 60% of the of the population living in rental housing. The average home sales price in Costa Mesa in 2006 was $779,275 and the average condominium sales price was $562,430.
Price
$2,299,000
Orange
5,424 (approx)
PW16707128
Active
Description
Pleased to present this pride of ownership nine unit apartment building. built in 1957, it is comprised of nine one bedroom one bathroom units most of which are single story with private entrances and large private backyards. Tenants find parking a terrific added benefit with this building boasting a 2 to 1 parking spaces to units ratio. Currently the property has leased laundry that give additional income without the headache of maintenance. It is also separately metered for gas and electricity. The city of Costa Mesa is one of Orange County' s leading cultural and business centers. The city is home to The Orange County Performing Arts Center, Orange County Fair Grounds and South Coast Plaza which is one the highest volume shopping centers in the nation. Costa Mesa is bordered by the cities of Santa Ana, Newport Beach, Huntington Beach, Fountain Valley, and Irvine. It is approximately 37 miles southeast of Los Angeles and 88 miles north of San Diego. The city has a current population of 113,440 with 60% of the of the population living in rental housing. The average home sales price in Costa Mesa in 2006 was $779,275 and the average condominium sales price was $562,430.
Listing Information
Property Type: Cluster, Multi Level
0.42 Acres 1,829,500 sq.ft. 5,424 (approx)
$423.86 1957
Yes- 3 spaces
5 Total
Neighborhood
Room Information
Exterior / Lot Features
3 Garage Spaces, 18 Parking Spaces, Assigned Parking Space
None
No Pool
R3
Gutters, Curbs Walk
Driving Directions
Placentia and W 19th St
Financial Considerations
42227115
$135,840 Income ,$45,977Expense
Listing Price History

Costa Mesa Real Estate

Costa Mesa is located in California. Costa Mesa, California 92627 has a population of 110,322.

The median household income in Costa Mesa, California 92627 is $65,373. The median household income for the surrounding county is $75,566 compared to the national median of $53,046. The median age of people living in Costa Mesa 92627 is 33.7 years.

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Courtesy: Morgan Skenderian Jason Kirklen
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