2028 Wallace Ave #C, Costa Mesa, CA 92627
OFF MARKET
Listed by Nick Gould, Gould Group Inc, (949) 996-7976 . Bought with Gould Group Inc

$1,900,000

Last sold price
  • 5 Beds
  • 5 Baths
  • 2,299 sqft (on 0.43 acres)

2028 Wallace Ave #C, Costa Mesa, CA 92627

Currently Off Market - Sold Oct 27, 2025 for $1,900,000

Home Value

Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1920 Wallace Ave, Costa Mesa, CA
0.26
Multi-Family Home
$3,250,000
08/11/26
8
8
4,718
2097 Maple Ave, Costa Mesa, CA
0.44
Multi-Family Home
$1,775,000
02/17/26
5
3
1,600
685 Center St, Costa Mesa, CA
0.48
Multi-Family Home
$1,512,500
06/29/26
6
4
2,874
425 Costa, Costa Mesa, CA
0.72
Multi-Family Home
$1,878,000
07/02/26
6
6
3,114
2271 Pomona Ave, Costa Mesa, CA
0.63
Multi-Family Home
$2,400,000
04/09/26
8
4
3,301
416 Hamilton St, Costa Mesa, CA
0.75
Multi-Family Home
$2,010,000
03/11/26
7
6
3,232
408 Ford Rd, Costa Mesa, CA
0.75
Multi-Family Home
$1,760,000
08/27/26
6
6
3,802
726 Weelo Dr, Costa Mesa, CA
0.46
Multi-Family Home
$1,050,000
01/09/26
4
2
1,852

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
2028 Wallace Ave #15, Costa Mesa, CA 92627
0.00
-
-
-
-
Off Market
758 W 20th St, Costa Mesa, CA 92627
0.08
$3,800,000
14
6
5,784
For Sale
2052 Pomona Ave, Costa Mesa, CA 92627
0.12
$1,306,600
4
2
1,650
Off Market
783 Wonder Ln, Costa Mesa, CA 92627
0.12
$1,299,000
3
3
1,738
For Sale
2074 Pomona Ave, Costa Mesa, CA 92627
0.16
$1,488,000
8
7
4,277
Recently Sold
730 Lynn Ct, Costa Mesa, CA 92627
0.15
$1,199,000
2
2.5
1,745
For Sale
2097 Wallace Ave, Costa Mesa, CA 92627
0.17
-
6
3
2,344
Off Market
2015 Placentia Ave, Costa Mesa, CA 92627
0.17
$927,100
Studio
1.5
1,579
Off Market
2021 Placentia Ave, Costa Mesa, CA 92627
0.17
$961,500
2
1.5
1,583
Off Market
664 Ross St, Costa Mesa, CA 92627
0.20
$1,029,000
3
1.5
982
Recently Sold
700 Hamilton St, Costa Mesa, CA 92627
0.21
$1,225,000
3
2
1,200
Recently Sold

Local Information

  • Map ViewExplore the area around 2028 Wallace Ave #C.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
1956
Lot Size
0.43 acres
Living Area
2,299 sqft
Parking
Garage

About this House

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.
2028 Wallace Ave #C, Costa Mesa, CA 92627 is a 5 bedroom, 5 bathroom, 2,299 sqft multi-family built in 1956. It last sold for $1,900,000 on Oct 27, 2025 (16% below the $2,250,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate rent is $5,803/month.

Home Details for 2028 Wallace Ave #C

Interior Features

Beds & Baths
Number of Bedrooms: 5Number of Bathrooms: 5
Appliances & Utilities
Laundry: Washer Hookup,Gas Dryer Hookup
Windows, Doors, Floors & Walls
Common Walls: 1 Common Wall
Levels, Entrance, & Accessibility
Number of Stories: 1Entry Location: 2

Exterior Features

Exterior Home Features
No Private Pool
Parking & Garage
Number of Garage Spaces: 7Number of Covered Spaces: 7Has a GarageNo Attached GarageParking Spaces: 7Parking: Assigned
Pool
Pool: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer
Surface & Elevation
Elevation Units: Feet

Days on Market

Cumulative Days on Market: 87

Property Information

Year Built
Year Built: 1956
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Not a New ConstructionAttached To Another StructureNo Additional Parcels
Property Information
Parcel Number: 42225216

Price & Status

Price
List Price: $2,250,000
Status Change & Dates
Off Market Date: Fri Aug 22 2025

Active Status

MLS Status: Closed

Location

Direction & Address
City: Costa MesaCommunity: Costa Mesa Residential Income (Cmri)

Building

Building Area
Building Area: 2299 Square Feet

Community

Community Features: Biking, Curbs, Storm Drain(s), Street Lights, SidewalksNot Senior Community

HOA

Association for this Listing: California Regional MLS

Lot Information

Lot Area: 0.43 acres

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash, Cash to New Loan

Rental Terms, Policies & Fees

Has Rent Control

Miscellaneous

Mls Number: NP25117556Living Area Range Units: Square FeetAttribution Contact: ng@gouldgroupinc.comCommon Interest: Community ApartmentUniversal Property Id: US-06059-N-42225216-R-N

Additional Information

BikingCurbsStorm Drain(s)Street LightsSidewalks

Price and Tax history

DateEventPrice
Oct 27, 2025
Source: CRMLS #NP25117556
Sold
$1,900,000
Oct 20, 2025
Source: CRMLS #NP25117556
Pending
$2,250,000
Aug 24, 2025
Source: CRMLS #NP25117556
Contingent
$2,250,000
Jul 10, 2025
Source: CRMLS #NP25117556
PendingToActive
$2,250,000
Jun 12, 2025
Source: CRMLS #NP25117556
Contingent
$2,250,000

Market trends in Costa Mesa

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$1.38M
$7.13KMoM
Sale-to-List Price
99.0%
1.1%MoM
Price per sq ft
$834
$13MoM
Available listings
165
1MoM

Around this home

What Locals Say about Costa Mesa

At least 987 Trulia users voted on each feature.

  • 92 % Say it's dog friendly

  • 89 % Say there are sidewalks

  • 84 % Say car is needed

  • 78 % Say it's walkable to restaurants

  • 71 % Say there's holiday spirit

  • 70 % Say it's walkable to grocery stores

  • 66 % Say streets are well-lit

  • 66 % Say people would walk alone at night

  • 62 % Say yards are well-kept

  • 61 % Say parking is easy

  • 61 % Say kids play outside

  • 54 % Say it's quiet

  • 54 % Say they plan to stay for at least 5 years

  • 54 % Say neighbors are friendly

  • 50 % Say there's wildlife

  • 27 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • 4qrsyhj9hv
    "I live here for almost 3 years the area is nice and quiet good neighborhood and clean air Newport Beach is close to my apartment and shops everything "
    0
    Flag
  • 4qrsyhj9hv
    "I’m live in Costa Mesa since in 3 years the area is safe and Nighborhod is safe and close to Newport Beach and fun places "
    0
    Flag
  • Kayla Marie
    "Public transit is amazing in this city, bus comes every 20 mins in most areas here (: Even riding my bike is a great way to get around, everything is super close and I have really enjoyed the mostly flat streets and bike lanes provided by the city"
    0
    Flag
  • Luka J
    "Close to all freeways. My commute is only 12-18 minutes depending on traffic. Even with traffic I have access to backstreets if needed."
    0
    Flag
  • Lyndsay Jackson
    "Eastside Costa Mesa is a family friendly neighborhood. Backbay is a good place to exercise and meet up with friends for a casual walk "
    0
    Flag
  • ssbiken
    "It’s a safe neighborhood very nice community park.well lit has pool, tennis, racket ball courts clean bathrooms and out side shower after swimming in the pool to rinse off"
    0
    Flag
  • Albert Luu
    "OC Fair holding events weekly and Segerstrom Performing Art Center having great events weekly. Also the availability of many restaurants all within a short drive. "
    0
    Flag
  • Mrobbins055
    "It’s on the boarder of Newport and Costa Mesa and it feels very safe. I walk with my baby and dog daily."
    0
    Flag
  • ssbiken
    "You can walk to the mall and grocery store if you wanted to.The bus is within walking distance. Nice area to live for people with children."
    0
    Flag
  • Tina Gutierrez
    "I have a hybrid work schedule and am lucky enough to not have to commute on thee freeway unless I want to. "
    1
    Flag
  • ssbiken
    "A well kept environment owner show that they are proud of their community. It is a great place to raise children, dog friendly and close to stores, restaurants, and local mall."
    1
    Flag
  • Tina Gutierrez
    "A mix of old and new homes with generous sprinkles of rentals. Very walk-friendly with a neighborhood feel. Lots of spots to eat and grab drinks. "
    1
    Flag
  • Trulia User
    "New development mixed with 1950-1960 older housing. Shaved driveways mixed with track homes. Good schools and well maintained parks."
    0
    Flag
  • Trulia User
    "The back bay is by far the best benefit of living in this neighborhood. Lots of noise from the airport but you get used to it. "
    0
    Flag
  • Trulia User
    "Everyone smiles as you walk by on the sidewalk. Very friendly people. Considerate neighbors. A few bad apples, but that’s everywhere. "
    4
    Flag
  • Maria M.
    "Very important for parents to know that our neighborhoods are over populated and unfortunately we no longer have the the city of Costa Mesa code enforcement making sure codes are being enforced. To many fast food restaurants that people litter and drive very fast in residential areas. "
    40
    Flag
  • Crashowe
    "Different styles of houses and different ethnicities , cozy home - some not too big or too new etc etc "
    0
    Flag
  • Cristina
    "People walk their dogs all of the time. Poop bags available as well to keep the community clean. "
    0
    Flag
  • Sheryldye
    "Great access to freeways and major roads . Less than 5 minutes to South Coast Plaza , movie theaters and multiple grocery stores . "
    8
    Flag
  • Jimmy H.
    "Very centrally located, for shops, groceries, freeways and my work. I lived here on and off for many years. "
    2
    Flag
  • Lauriehipp
    "My neighborhood provides great public access and well lit sidewalks. We have a well working traffic lights and signs for us to get directions. "
    0
    Flag
  • Nicweinstein
    "Accessibility from residential to freeways, shops, ocean with lots of great hangs all close to each other!"
    0
    Flag
  • Kym M.
    "OC Fair comes from July through August in the summertime. But Costa Mesa doesn’t really have a lot of community events. "
    0
    Flag
  • Sarah T.
    "I live in a gated community and feel safer that way. I would say the surrounding apartments/neighborhoods aren’t as nice as my community but if you drive 2-3min in each direction it’s a lot nicer over there. Like that I’m only 15min away from the beach too"
    9
    Flag
  • Cassandra M.
    "there are a lot of people who walk their dogs in this area - dogs of all sizes! There are not a ton of huge lawns. "
    0
    Flag
  • Destiny
    "coyotes are a real big problem there are a lot of different sectors of Costa Mesa. mostly nice got families. "
    0
    Flag
  • Amyshepherd
    "Dog parks could be better maintained, and area could be more dog friendly, but there have been improvements, more restaurants / business allow dogs"
    0
    Flag
  • Destiny
    "mostly family oriented. certain neighborhoods get to know eachother more than others. not all neighborhoods are equal. all four corners are very different neighborhoods in their own special way."
    0
    Flag
  • Mmhauser1
    "Limited sidewalks and lots of joggers/ walkers make it difficult during rush hour to pass other fellow walkers "
    0
    Flag
  • Arutianr
    "There are a lot of events like concerts in the park, annual fish fry, and neighborhood gatherings to build community"
    0
    Flag
  • Azucena R. G.
    "alot of the community around have dogs and plenty love to walk them around their neighborhoods theres also a dog park driving distance near that's on Newport boulevard going South bound by the fair grounds. just always remember to take ur goody bag with u in order to always pick up after ur canine. and always their water. "
    4
    Flag
  • Diana L.
    "Nice close to john Wayne shopping malls everything Is Close by. Ppl are kind Trader Joe’s is up the block Bloomies is down the street and a lot of restaurants "
    0
    Flag
  • Seanpatrick7
    "Lots of folks walking their dogs. However, sometimes there are liquor bottles, chicken bones, or other dangerous items on the sidewalks."
    1
    Flag
  • Dan D.
    "Up and coming neighbored people are nice lots of good schools and restaurants . Beach close and good coastal breezes "
    1
    Flag
  • Joelle S.
    "We’re right next to the OC fairgrounds. There’s always an event going on. It’s close to the freeway for travel. The location close to Back Bay which is great for walks or workouts. "
    1
    Flag
  • Hookashley
    "The neighborhood has lots of local, walkable restaurants. Plus, many more opening every month... lots of growth here."
    1
    Flag
  • Joannbkenyon
    "Great neighborhood but most parents take their kids to other schools in the Mesa Verde area. Great trick or treating. Great for walking and biking around. "
    1
    Flag
  • dorothy p
    "orange county fair grounds, lots of churches, south coast plaza, orange coast college, triangle square entertainment center, the beaches."
    1
    Flag
  • Jon D.
    "It’s great to walk your kids and your dogs in the evening but it doesn’t make sense not to pick up after your dog"
    1
    Flag
  • Azucenagarcia8823
    "we have firefighters open houses, community events, womens community clubs, for 4th of july theres always local schools being represented. "
    0
    Flag

LGBTQ Local Legal Protections

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-08-31 08:13:20 PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Frequently asked questions about 2028 Wallace Ave #C

  • What is the price history for 2028 Wallace Ave #C?
    2028 Wallace Ave #C in Costa Mesa, CA last sold for $1,900,000 in October 2025.
  • Is Costa Mesa a buyer's or seller's market?
    Costa Mesa is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Costa Mesa?
    The median sale price in Costa Mesa is $1.38M. That is down $7.13K from the prior month.
  • What do residents say about Costa Mesa?
    Residents describe Costa Mesa, CA as dog-friendly, pedestrian-friendly, and walkable to restaurants. See recently sold homes in Costa Mesa, CA.
  • Does 2028 Wallace Ave #C have laundry facilities?
    Yes, 2028 Wallace Ave #C in Costa Mesa, CA has laundry facilities.

Explore by feature - Pet Friendly

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Explore by feature - Outdoor Space

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Apartments for Rent

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Off Market Homes Near 2028 Wallace Ave #C

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