2082 Wallace Ave, Costa Mesa, CA 92627

Property Description

Rare Opportunity for investor to purchase, on one lot, a well maintained duplex in back plus a single family house in front. Or, an excellent opportunity for an owner who wants to live in the front house and generate rental income from the duplex in the back. Very easy to rent due to the following features. Units are very light and bright due to high ceilings and very large, high windows. All units have very large enclosed yards. All units have separate water heaters. All units have inside washer and dryer hook-up. Front house is approx. 864 sq ft remodeled approx. 2 years ago and has ceramic floor tile. Rear units are approx.912 sq ft each. New oak kitchen cabinets in rear house approx. 3 yrs ago. Front house has a one car enclosed garage. Exterior of units and fencing have recently been painted. Newer composition roof approximately 10 years new. Close to Triangle Square, 55 Frwy and Beaches. Can possibly combine with adjacent property at 2086 for possible R3 zoning. Current zoning is R4. Stacked units (835 sq. ft.) across street rent for $1,555 and tenants pay for water, approx. $90/mo for fam. of 5, sewer, trash, elec., & gas with no W/D hook-ups no enclosed yards. 40 twnhs's. across street rent for $1,600 to $1,700, pay water $100/mo. no W/D