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Closed
- Listed price
- $1,375,000
- Listed Aug 17, 2017
- Sold price
- $1,325,000
- Sold Nov 13, 2017
18,295 sqft lot|1960 Built|53 MLS days on market
1966 Wallace Ave, Costa Mesa, CA 92627
Property Description
HUGE OVER $100K PRICE REDUCTION!!! Unique and rare opportunity to acquire a four unit property including a free standing single family residence to generate income while processing plans for a new potential 6-unit condo or PUD development in Westside Costa Mesa. Huge 18,200 sq. ft. lot with a 2bd + 1ba free-standing single family residence, 2 - 1bd+1ba units and one 2bd+1ba unit. Lots of open space in back. Westside Costa Mesa is going through a huge transition with new trendy residential homes going up throughout. To find a fixer with such a large lot is rare. This is a very good long term investment. Property is a fixer, but could be renovated if you wished to land-bank or increase rents. Minutes to the beach and just around the corner from Hurley Headquarters. Cap Rate and scheduled incomes are pro forma. Current cap rate and incomes are 2.19% Gross:$59,460 Net:$32,876 DO NOT DISTURB TENANTS, DO NOT WALK PROPERTY PLEASE
Listing agent: David SanfordDRE #00826382DTSANFORD1@AOL.COM, Listing office: Newport Apartment Group
MLS data updated 10/30/2026, 9:33:00 PM PT
Source: CRMLSMLS #: NP17191184
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Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$1,325,000
Nov 13, 2017
Available records32017
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 92627 · Oct 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 92627 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
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ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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