2028 Wallace Ave #C, Costa Mesa, CA 92627
SOLD
OCT 27, 2025
Listed by Nick Gould, Gould Group Inc, (949) 996-7976 . Bought with Gould Group Inc

2028 Wallace Ave #C
Costa Mesa, CA 92627

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

$1,900,000

Last Sold: Oct 27, 2025
16% below list $2.25M
$826/sqft
Est. Refi. Payment $11,082/mo*
Refinance Your Home

$1,900,000

Last Sold: Oct 27, 2025
16% below list $2.25M
$826/sqft
Est. Refi. Payment $11,082/mo*
Refinance Your Home
5 Beds
5 Baths
2,299 sqft
(on 0.43 acres)

Homes for sale near 2028 Wallace Ave #C

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Apartments for Rent

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Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

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.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from October 31, 2025

Home Highlights

Parking
Garage
Outdoor
No Info
HOA
None
Price/Sqft
$826/sqft
Listed
180+ days ago

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: $2,250,000Price Per Sqft: $826/sqft
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
Last check for updates: about 22 hours ago
Listed by Nick Gould DRE #01521955
Gould Group Inc
Bought with: Nick Gould DRE #01521955, Gould Group Inc
Originating MLS: California Regional MLS
Source: CRMLS, MLS#NP25117556

Price History for 2028 Wallace Ave #C

DatePriceEventSource
10/27/2025$1,900,000Sold
CRMLS #NP25117556
10/20/2025$2,250,000PendingCRMLS #NP25117556
08/24/2025$2,250,000ContingentCRMLS #NP25117556
07/10/2025$2,250,000PendingToActiveCRMLS #NP25117556
06/12/2025$2,250,000ContingentCRMLS #NP25117556
05/27/2025$2,250,000Listed For SaleCRMLS #NP25117556
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Comparable Sales for 2028 Wallace Ave #C

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
2097 Maple Ave, Costa Mesa, CA
0.44
Multi-Family Home
$1,775,000
02/17/26
5
3
1,600
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
778 Shalimar Dr, Costa Mesa, CA
0.66
Multi-Family Home
$1,725,000
06/10/25
8
4
3,390
326 Hamilton St, Costa Mesa, CA
0.96
Multi-Family Home
$1,872,000
07/21/25
7
4
2,350
1826 Fullerton Ave, Costa Mesa, CA
0.92
Multi-Family Home
$2,725,000
08/15/25
6
4
2,268
132 E 18th St, Costa Mesa, CA
0.88
Multi-Family Home
$1,700,000
07/17/25
5
3
2,020
1780 Anaheim Ave S, Costa Mesa, CA
0.70
Multi-Family Home
$1,500,000
02/06/26
3
3
1,600
2245 State Ave, Costa Mesa, CA
0.83
Multi-Family Home
$1,200,000
12/23/25
4
2
1,750

Assigned Schools

These are the assigned schools for 2028 Wallace Ave #C.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Costa Mesa

At least 985 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 kids play outside

  • 61 % Say parking is easy

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

  • 54 % Say neighbors are friendly

  • 53 % Say it's quiet

  • 50 % Say there's wildlife

  • 27 % Say there are community events

Learn more about our methodology.
  • 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
  • Kathyjanulis
    "I live very close to the 55 freeway making it very easy to get around... I’m also very close to the airport which makes it convenient. "
    1
    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
  • Diego_diaz90
    "Small pockets of a diverse community make it nice to live in the area. Neighborhood is slowly changing though"
    0
    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 2026-02-09 09:51:42 PST 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

Homes for rent near 2028 Wallace Ave #C

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Off Market Homes Near 2028 Wallace Ave #C

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2028 Wallace Ave #C, Costa Mesa, CA 92627 is a 5 bedroom, 5 bathroom, 2,299 sqft multi-family built in 1956. This property is not currently available for sale. 2028 Wallace Ave #C was last sold on Oct 27, 2025 for $1,900,000 (16% lower than the asking price of $2,250,000).