2097 Wallace Ave, Costa Mesa, CA 92627
OFF MARKET
Listed by Ali Ghandour, Circa Properties, Inc., (714) 203-6814 . Bought with Compass

2097 Wallace Ave
Costa Mesa, CA 92627

  • 6 Beds
  • 3 Baths
  • 2,344 sqft
6 Beds
3 Baths
2,344 sqft

Local Information

  • Map ViewExplore the area around 2097 Wallace Ave.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
1958
Living Area
2,344 sqft
Parking
Garage
HOA
None

About this House

Introducing an attractive investment opportunity at 2097 Wallace in the vibrant city of Costa Mesa, California. This modern, cottage-style triplex presents a compelling value with a strong 5.2% capitalization rate. Each of the three units has been meticulously renovated to offer high-end, contemporary living spaces. Features include new flooring, fresh interior and exterior paint, and fully updated kitchens with granite countertops and shaker cabinets. Bathrooms have full tile showers making them instantly appealing to prospective tenants.

The property includes essential appliances such as refrigerators and gas stoves, along with ceiling fans throughout, enhancing tenant comfort and appeal. Each unit benefits from its own private yard, a desirable feature for all types of tenants including those with children or pets. Individual laundry hookups add a layer of convenience.

Secure this turnkey property to capitalize on its excellent location and modern amenities, ensuring a steady revenue stream and robust return on investment.

Unit Mix: 3 Units. Each unit has 2 Beds | 1 Bath | 750 sqft. Individual yards and laundry hookups. Detached two car garage could be additional revenue or potential ADU for a 4th Unit. Each unit is separately metered for gas and electric.

New: Roof, Kitchens, Bathrooms, Sub Panels, Plumbing, Doors, Fencing and Irrigation.
2097 Wallace Ave, Costa Mesa, CA 92627 is a 6 bedroom, 3 bathroom, 2,344 sqft multi-family built in 1958. It last sold for the $1,850,000 asking price on Jun 7, 2024. More recently, it was listed as a rental in March 2024 with an asking price of $3,400 per month. That rental listing was removed on May 1, 2024. It is currently off market. The Trulia Estimate rent is $3,382/month.

Home Details for 2097 Wallace Ave

Interior Features

Beds & Baths
Number of Bedrooms: 6Number of Bathrooms: 3
Appliances & Utilities
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water ConnectedAppliances: Gas Oven, Gas Range, Microwave, RefrigeratorLaundry: Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup,OutsideMicrowaveRefrigerator
Heating & Cooling
Heating: Wall FurnaceNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Wall Furnace
Fireplace & Spa
Fireplace: NoneSpa: NoneNo FireplaceNo Spa
Windows, Doors, Floors & Walls
Window: Double Pane WindowsFlooring: VinylCommon Walls: No Common Walls
Levels, Entrance, & Accessibility
Stories: 1Number of Stories: 1Levels: OneEntry Location: Main FloorFloors: Vinyl
View
No ViewView: None

Exterior Features

Exterior Home Features
Roof: ShingleFencing: WoodFoundation: RaisedNo Private Pool
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2Has a GarageNo Attached GarageParking Spaces: 2Parking: None
Pool
Pool: None
Frontage
Road Frontage: City StreetRoad Surface Type: PavedNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Surface & Elevation
Elevation Units: Feet

Days on Market

Cumulative Days on Market: 11

Property Information

Year Built
Year Built: 1958
Property Type / Style
Property Type: Residential IncomeProperty Subtype: TriplexArchitecture: Cottage
Building
Construction Materials: Drywall, Stucco, Wood SidingNot a New ConstructionNot Attached PropertyNo Additional Parcels
Property Information
Condition: TurnkeyIncluded in Sale: All Kitchen Appliances IncludedParcel Number: 42228101

Price & Status

Price
List Price: $1,850,000
Status Change & Dates
Off Market Date: Fri May 10 2024Possession Timing: Close Of Escrow

Active Status

MLS Status: Closed

Location

Direction & Address
City: Costa Mesa

Building

Building Area
Building Area: 2344 Square Feet

Community

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

HOA

Association for this Listing: California Regional MLS

Lot Information

Lot Area: 7532 sqft

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash to New Loan

Business

Expense
Tenant Pays: Electricity, Gas

Rental Terms, Policies & Fees

No Rent Control

Miscellaneous

Mls Number: PW24083652Living Area Range Units: Square FeetActivation Date: Mon Apr 29 2024Common Interest: NoneStart Showing Date: Mon Apr 29 2024Universal Property Id: US-06059-N-42228101-R-N

Additional Information

CurbsStorm Drain(s)Street LightsSidewalks
Last check for updates: about 6 hours ago
Listed by Ali Ghandour DRE #02016049
Circa Properties, Inc.
Bought with: Lena Ghezel DRE #01252003, (714) 914-3443, Compass
Originating MLS: California Regional MLS
Source: CRMLS, MLS#PW24083652

Price History for 2097 Wallace Ave

DatePriceEventSource
06/07/2024$1,850,000Sold
CRMLS #PW24083652
05/18/2024$1,850,000PendingCRMLS #PW24083652
05/01/2024ListingRemovedZillow Rentals
04/29/2024$1,850,000Listed For SaleCRMLS #PW24083652
04/24/2024$3,500PriceChange
Zillow Rentals
03/19/2024$3,600PriceChange
Zillow Rentals
03/03/2024$3,400Listed For RentZillow Rentals
02/12/2024ListingRemovedZillow Rentals
01/22/2024$3,400Listed For RentZillow Rentals
05/10/2023$1,249,999Sold
N/A
11/15/2015$975,000ListingRemovedAgent Provided
08/12/2015$975,000Listed For SaleAgent Provided
02/26/2014$711,000ListingRemovedAgent Provided
11/19/2013$711,000PendingAgent Provided
11/02/2013$711,000Listed For SaleAgent Provided
09/04/2013$650,000ListingRemovedAgent Provided
05/02/2013$650,000PriceChange
Agent Provided
04/18/2013$790,000PriceChange
Agent Provided
04/13/2013$750,000Listed For SaleAgent Provided
03/23/2011$649,000ListingRemovedAgent Provided
02/24/2011$649,000Listed For SaleAgent Provided
11/25/2010$649,000ListingRemovedAgent Provided
08/22/2010$649,000Listed For SaleAgent Provided
07/08/2010$899,000ListingRemovedAgent Provided
05/20/2010$899,000Listed For SaleAgent Provided

Market trends in Costa Mesa

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$1.38M
$22.67KMoM
Sale-to-List Price
100.1%
0.2%MoM
Price per sq ft
$847
$22MoM
Available listings
165
6MoM
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Comparable Sales for 2097 Wallace Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
2028 Wallace Ave #C, Costa Mesa, CA
0.17
Multi-Family Home
$1,900,000
10/27/25
5
5
2,299
2097 Maple Ave, Costa Mesa, CA
0.46
Multi-Family Home
$1,775,000
02/17/26
5
3
1,600
685 Center St, Costa Mesa, CA
0.64
Multi-Family Home
$1,512,500
06/29/26
6
4
2,874
2271 Pomona Ave, Costa Mesa, CA
0.47
Multi-Family Home
$2,400,000
04/09/26
8
4
3,301
425 Costa, Costa Mesa, CA
0.81
Multi-Family Home
$1,878,000
07/02/26
6
6
3,114
1019 American Pl, Costa Mesa, CA
0.67
Multi-Family Home
$1,325,000
06/10/26
4
2
1,750
2245 State Ave, Costa Mesa, CA
0.70
Multi-Family Home
$1,200,000
12/23/25
4
2
1,750
416 Hamilton St, Costa Mesa, CA
0.77
Multi-Family Home
$2,010,000
03/11/26
7
6
3,232
2214 Rutgers Dr, Costa Mesa, CA
1.10
Multi-Family Home
$1,425,000
05/11/26
6
3
2,490
2223 Rutgers Dr, Costa Mesa, CA
1.08
Multi-Family Home
$1,310,000
09/19/25
6
3
2,475

Nearby homes

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Assigned Schools

These are the assigned schools for 2097 Wallace Ave.
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 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’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
  • 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

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Homes for sale near 2097 Wallace Ave

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Off Market Homes Near 2097 Wallace Ave

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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 2026-07-26 11:43:41 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