Technical
Financial
Distress signals
Property profile

2097 Wallace Ave Costa Mesa, CA 92627

OFF-MARKET
Residential income homes
Property ID
US10-2439196
2,344 SF 0.19 ac lot Built 1958
Individually Owned 2-yr Hold Absentee Owner
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Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1958
Total area 2,344 SF
Lot 0.19 ac (8,161 SF)
APN 422-281-01
UPID US10-2439196

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2097 Wallace Ave Costa Mesa, CA 92627-2927
Costa Mesa metro Census 63701 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.85M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.52M
Blend (final) Blend
$1.85M

Owner & transaction history

since 2024
Last sale
$1.9M
6 recorded transactions
2024
$1.9M
2023
$1.3M
2023
$1.2M
2005
$790,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $1.4M +27.5%
Commercial (general) $1.4M +26.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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