8-Unit Apartment Building with
For Sale
$3,190,000
Pending
1920 Wallace Ave, Costa Mesa, CA 92627
Two fourplexes offer one-bedroom residences, gated access, private outdoor areas, and resident parking in Westside Costa Mesa.
Property SizeContact for details
Days on Market72
Property Features for 1920 Wallace Ave
General Information
Standard status
Pending
Total Parking Spaces
23
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
8 x 1BR
Multifamily Units
8
Amenities
gated pedestrian entrance
remote-controlled vehicle gate
private enclosed yards or patios
in-unit washer and dryer hookups
individual water heater
double-pane windows
open-concept kitchens
shared resident storage
Building Details
Buildings
2
Stories
2
Listing Agency:
Gerard Properties Inc.
Listed By:
Scott Gerard scottgerard@verizon.net
Source:
Viewsandiegorealestate
Added: Jun 21
Changed: Aug 29
Last Checked: Aug 30 at 6:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gerard Properties Inc.
Investment Insights
Based on property information with market context.
This multifamily property at 1920 Wallace Ave comprises two separate fourplex buildings with eight 1 bedroom units. Each building includes two upper-level and two lower-level residences, while three ground-floor units have enclosed yards or patios. Interior features include open-concept kitchens, living areas, double-pane windows in living and dining rooms, and in-unit washer and dryer hookups. Individual water heaters serve each residence.
The property includes 4 double-car garages and additional off-street parking for approximately 15 vehicles. Three garages are leased month to month to non-resident users, and the remaining garage provides shared resident storage. A gated pedestrian entry and remote-controlled vehicle gate secure the property, with rear access to a renovated city alleyway. Concrete drive and parking surfaces, no house gas meter, and an electrical meter limited to exterior lighting and the security gate support a streamlined common-area setup. The property is near 19th Street and Placentia Avenue, with access to the 55 Freeway and nearby restaurants, shopping, beaches, and outdoor recreation.
The property includes 4 double-car garages and additional off-street parking for approximately 15 vehicles. Three garages are leased month to month to non-resident users, and the remaining garage provides shared resident storage. A gated pedestrian entry and remote-controlled vehicle gate secure the property, with rear access to a renovated city alleyway. Concrete drive and parking surfaces, no house gas meter, and an electrical meter limited to exterior lighting and the security gate support a streamlined common-area setup. The property is near 19th Street and Placentia Avenue, with access to the 55 Freeway and nearby restaurants, shopping, beaches, and outdoor recreation.
Key Highlights
- Eight 1 bedroom units across two separate fourplex buildings
- 4 double‑car garages plus additional off‑street parking for approximately 15 vehicles
- Three ground‑floor residences include private enclosed yards or patios
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,848
Businesses Nearby
Explore this area
Business Placement
Demographics for 92627, CA
61,764
Population
23,286
Households
2.7
Avg Household Size
36
Median Age
42%
College-Educated
85%
High-School Grad
6.4 sq mi
ZIP Area
9,651
Density / Sq Mi
$105,039
Median Household Income
$49,236
Median Earnings
$2,299
Median Rent
$1,074,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two fourplexes offer one-bedroom residences, gated access, private outdoor areas, and resident parking in Westside Costa Mesa.
Where is this apartment building located?
The property is located at 1920 Wallace Ave Costa Mesa, CA.
What is the asking price?
The asking price for this property is $3,190,000.
What are key features of this property?
This property features: Eight 1 bedroom units across two separate fourplex buildings; 4 double‑car garages plus additional off‑street parking for approximately 15 vehicles; Three ground‑floor residences include private enclosed yards or patios
