2077 Wallace AVE Costa Mesa, CA 92627

We are honored to exclusively present the 12 unit Westside Costa Mesa investment opportunity located at 2077 & 2083 Wallace Ave. Per assessor, total combined square footage of the lots is approximately 36,830 sqft. Each contiguous parcel has a separate address and Assessor's Parcel Number (APN) - 6 units on each for a total of 12.

All units are 2 bedroom/1 bathroom single story bungalow style units. Residents appreciate the private patios, in unit washer/dryer hookups and attached 1 car garage plus 2 additional onsite parking spaces for each. Windows have been replaced in all. The units are separately metered for gas and electric and there no house meter for either of these utilities. The long term residents are all month-to-month and there is big upside in rents.

Conservative pro forma income is approximately $2000 a month, which equals a pro forma Gross Scheduled Income (GSI) of $288,000. With updating and upgrades, similar Westside units have rented as high as $2750 per unit.

The lots run street to street, extending from Wallace Ave to Palace Avenue. These are located in the Mesa West Residential Ownership Urban Plan specific zoning plan.

These 12 units are perfectly located in the Westside renaissance area and are close to the dining, shopping and entertainment of Costa Mesa, while not too far from the ocean breezes of Newport Beach.