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    1925 Wallace Ave Costa Mesa, CA 92627

    For Sale
    $2,599,000

    Two-lot parcel with redevelopment potential in Costa Mesa, CA.

    Property size:
    18,295 SF
    Lot size:
    0.42 Acres

    Property Features for 1925 Wallace Ave

    General Information

    Size
    18,295 SF
    Lot size
    0.42 Acres

    Source: Colliers Agent Joseph Winkelmann

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Redevelopment Opportunity in Costa Mesa

    This property features an approximately 18,295 square feet parcel, consisting of two lots. The front lot contains an existing four-unit multi-family building. The back lot is currently vacant. The property is offered for redevelopment, with potential for six units.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Costa Mesa
    County
    Orange
    State
    California
    Longitude
    -117.9301561
    Latitude
    33.6444314

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    FAQs

    What type of property is this?
    Land - Two-lot parcel with redevelopment potential in Costa Mesa, CA.
    Where is this land located?
    The property is located at 1925 Wallace Ave Costa Mesa, CA.
    What is the asking price?
    The asking price for this property is $2,599,000.
    What are key features of this property?
    This property features: - ±18,295 SF Available; - Redevelopment Opportunity - 6 Units; - Two Lot Parcel
    (949) 724-5704
    Request Owner's contact information
    1925 Wallace Ave Costa Mesa, CA 92627
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    Costa Mesa, CA 92627
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1925 Wallace Ave Costa Mesa, CA 92627
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