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Six-Unit Multifamily Property
For Sale
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1965 Wallace Ave, Costa Mesa, CA 92627

Six-unit apartment property with individual meters, private patios or balconies, and multiple enclosed garages and carports.

Property SizeContact for details
Lot Size0.42 Acres
Days on Market128

Property Features for 1965 Wallace Ave

General Information

Standard status Active
Total Parking Spaces 12
Lot size 0.42 Acres
Property subtype Multifamily

Additional Details

Multifamily Units 6

Building Details

Tenancy Multi
Listing Agency: Morgan Skenderian Investment Real Estate Group
Listed By: Ken Morgan · License #01220368
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 21 at 4:50AM

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 Morgan Skenderian Investment Real Estate Group

Investment Insights

Based on property information with market context.

This six-unit multifamily property is arranged as a mix of (1) a single-story, free-standing 3BR/2BA cottage with a private yard, (2) three 3BR/2BA townhome-style units, and (3) three 2BR/2BA units. Residents have a private patio or balcony, and each unit includes washer/dryer hookups. The property also features an abundance of parking with four enclosed garages, three carports, and five open spaces, supporting a 2:1 parking ratio.

All units are individually metered for gas and electricity, and each unit has its own water heater. The property sits on a large 18,411± square-foot lot and is offered for sale at 1965 Wallace Ave in Costa Mesa’s Westside rental market.

Key Highlights

  • 6‑unit property on an 18,411± SF lot in Westside Costa Mesa rental market
  • Unit mix: (1) 3BR/2BA single‑story cottage, (3) 3BR/2BA townhome‑style units, and (2) 2BR/2BA units
  • Each unit includes a private patio or balcony plus individual washer/dryer hookups

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Daycare Center (Bike/Boat/Book/etc) Store Locksmith Catering Service Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,296
Businesses Nearby

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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Six-unit apartment property with individual meters, private patios or balconies, and multiple enclosed garages and carports.
Where is this apartment building located?
The property is located at 1965 Wallace Ave Costa Mesa, CA.
What are key features of this property?
This property features: 6‑unit property on an 18,411± SF lot in Westside Costa Mesa rental market; Unit mix: (1) 3BR/2BA single‑story cottage, (3) 3BR/2BA townhome‑style units, and (2) 2BR/2BA units; Each unit includes a private patio or balcony plus individual washer/dryer hookups
More about this property
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