1920 Wallace Avenue

Costa Mesa CA

List Price
$3,190,000
Days On Market
Bed
Bath
Image
SqFt

18430 sqft Lot

Image
About the Property
Rare opportunity to acquire a pride-of-ownership 8-unit investment property in the highly sought-after Westside Costa Mesa rental market, offered for sale for the first time in more than 25 years. Near 19th Street and Placentia Avenue, this well-maintained asset offers a combination of strong in- place income, stable occupancy, and long-term upside in one of Orange County's most desirable coastal submarkets. The property benefits from an exceptional location, placing residents within minutes of popular restaurants, breweries, coffee shops, shopping, beaches, and outdoor recreation. Convenient access to the 55 Freeway provides direct connectivity to Newport Beach, John Wayne Airport, major employment centers, and the greater Orange County transportation network, making the property highly attractive to a broad tenant base. The asset consists of two separate fourplex buildings comprising a total of eight 1 bedroom units. Each building features two upstairs and two downstairs residences. Three of the ground-floor units enjoy private enclosed yards or patios surrounded by white picket fencing and landscaping, creating a residential feel and highly desirable outdoor living spaces rarely found. The property is secured by a gated pedestrian entrance and remote-controlled vehicle gate. A secondary access point at the rear of the property connects directly to a recently renovated city alleyway, providing additional convenience for residents. The driveway and parking areas are constructed entirely of concrete rather than asphalt, helping minimize long-term maintenance requirements. There are 4 double-car garages along with additional off-street parking spaces for approximately 15 vehicles! 3 of the 4 double car garages are currently on a month to month basis to long-term non-residents, generating $1,000 per month total in supplemental income. The fourth garage is utilized as shared resident storage. Each unit is equipped with in-unit washer and dryer hookups and an individual water heater. There is no house gas meter, reducing owner-paid utility expenses. The house electrical meter serves exterior lighting and the security gate, resulting in minimal common-area utility costs. All units feature efficient and functional floor plans with open-concept kitchens that flow directly into the living areas. Double-pane windows have been installed in all living and dining rooms, improving energy efficiency, reducing exterior noise, and enhancing overall resident comfort.

Book a Time

Featured Listings
Image
23 Bed | 18 Bath
$5,300,000

1800 W Glencrest Avenue

Anaheim CA
Image
20 Bed | 20 Bath
$1,250,000

15081 Van Buren Street

Midway City CA
Image
17 Bed | 17 Bath
$2,500,000

35025 -35065 Highway 79

Warner Springs CA
Image
16 Bed | 16 Bath
$19,950,000

39250 Ortega Highway

San Juan Capistrano CA
Image
14 Bed | 6 Bath
$4,000,000

758 W 20th Street

Costa Mesa CA
Image
13 Bed | 13 Bath
$3,725,000

504 Clay Avenue

Huntington Beach CA
Image
12 Bed | 20 Bath
$59,000,000

24331 Coto de Caza Drive

Coto de Caza CA
Image
12 Bed | 10 Bath
$1,599,000

1341 BOYLE AVENUE A and B

Escondido CA
Image
11 Bed | 4 Bath
$5,995,000

517 Walnut Avenue

Huntington Beach CA
Image
11 Bed | 8 Bath
$1,350,000

1609 N Parsons Pl

Santa Ana CA
Image
11 Bed | 6 Bath
$3,450,000

384 E 16th Street

Costa Mesa CA
Image
10 Bed | 12 Bath
$16,888,888

12 Morning Dove

Laguna Niguel CA
Image
10 Bed | 8 Bath
$100,000 /mo

32227 Coast Hwy

Laguna Beach CA
Image
10 Bed | 8 Bath
$95,000,000

32229 Coast Hwy

Laguna Beach CA
Image
10 Bed | 7 Bath
$2,100,000

116 -114 N Cornell

Fullerton CA
Image
9 Bed | 5 Bath
$6,498,800

1409 S Pacific Street

Oceanside CA
Image
9 Bed | 11 Bath
$2,798,000

3871 Hendrix Street

Irvine CA
Image
9 Bed | 11 Bath
$12,000,000

10 Old Ranch Road

Laguna Niguel CA
Image
9 Bed | 12 Bath
$12,995,000

21 Ridgeline Drive

Newport Beach CA
Image
9 Bed | 6 Bath
$5,499,900

5140 Los Robles Drive

Carlsbad CA
Image
9 Bed | 6 Bath
$3,850,000

10900 La Flor

Fountain Valley CA
Image
9 Bed | 7 Bath
$2,300,000

7571 Amazon Drive

Huntington Beach CA
Image
9 Bed | 9 Bath
$6,500,000

1512 14 Uno Verde Court

Solana Beach CA
Image
8 Bed | 10 Bath
$8,800,000

10219 Sunrise Lane

North Tustin CA
Image
8 Bed | 8 Bath
$13,995,000

2800 Ocean Front

Laguna Beach CA
Image
8 Bed | 5 Bath
$2,599,999

1925 Wallace Avenue

Costa Mesa CA
Image
8 Bed | 11 Bath
$4,500,000

26041 Spur Branch Lane

Laguna Hills CA
Image
8 Bed | 6 Bath
$3,400,000

5821 Blueberry Street

Yorba Linda CA
Image
8 Bed | 5 Bath
$1,728,000

13611 Glenhaven Drive

Garden Grove CA
Image
8 Bed | 8 Bath
$12,500,000

56 Royal Saint George Road

Newport Beach CA
Image
8 Bed | 8 Bath
$2,149,000

630 N Juniper Street

Escondido CA
Image
8 Bed | 8 Bath
$7,800,000

9450 La Jolla Farms Rd

La Jolla CA
Image
8 Bed | 6 Bath
$2,650,000

2446 2448 Sacada Cir

Carlsbad CA
Image
8 Bed | 6 Bath
$2,185,000

8552 Bermuda

Westminster CA
Image
8 Bed | 4 Bath
$1,799,000

2563 N Falconer

Orange CA
Image
8 Bed | 4 Bath
$10,000 /mo

18 Rockrose Way

Irvine CA
Image
8 Bed | 0 Bath
$2,200,000

842 S Corta Drive

Santa Ana CA
Image
8 Bed | 10 Bath
$34,500,000

157 159 EMERALD BAY

Laguna Beach CA
Image
8 Bed | 7 Bath
$1,450,000

17535 Bear Valley Lane

Escondido CA
Image
8 Bed | 6 Bath
$1,749,000

532 Mcfadden

La Habra CA