2028 Wallace Avenue C, Costa Mesa, CA 92627

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.

Listing description from the October 2025 sale, as reported to CRMLS.

Sale history

$1,900,000

Sold October 2025 · listed $2,250,000, on market May 2025 · MLS #NP25117556 · Source: CRMLS

Listing Agent: Nick Gould · Listing Office: Gould Group Inc · Contact: ng@gouldgroupinc.com · Bought with: Nick Gould · Gould Group Inc

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