$2,400,000
286 Virginia PlaceCosta Mesa, CA 92627
Sold
2028 Wallace Avenue sold on October 27, 2025 for $1,900,000. The details are below for reference.
The home
About 2028 Wallace Avenue
Welcome to 2028 Wallace Avenue, a rare multifamily/redevelopment investment opportunity located in the heart of Costa Mesa’s rapidly evolving Westside. Situated on a massive lot, this three-unit property features an attractive unit mix consisting of (1) 3BR/2.5BA and (2) 2BR/1BA units across approximately 2,299 SF of existing living space. Positioned within the Mesa West Urban Plan and a federally recognized Opportunity Zone, 2028 Wallace offers significant upside potential. Investors have the opportunity to modernize the existing units, add Accessory Dwelling Units (ADUs), or redevelop the site entirely by leveraging the increased density allowances of the Mesa West Specific Plan. The Opportunity Zone designation further enhances the appeal with the potential for long-term tax advantages.
Property details for 2028 Wallace Avenue
This home sits in the Downtown Costa Mesa neighborhood of Costa Mesa in Orange County. The MLS record lists the assessor parcel number as 422-252-16. The detail sections on this page cover interior and exterior features, estimated taxes, HOA dues where they apply, and the map location.
Specifications
Home Details
At a glance
- Price
- $1,900,000
- Days On Site
- N/A
- Bedrooms
- N/A
- Inside Area (SqFt)
- N/A
- Total Baths
- N/A
- Full Baths
- N/A
- Partial Baths
- N/A
- Lot Size
- N/A
- Year Built
- N/A
- MLS® Number
- NP25117522
- Status
- Sold
- Property Tax
- N/A
- HOA/Condo/Coop Fees
- N/A
- Sq Ft Source
- N/A
General Features
- MLS Number
- NP25117522
- Lot Size (sq ft)
- 18,539
- Lot Size (acres)
- 0.4256
- View
- None
- Parcel Number
- 42225216
- On Market Date
- 2025-05-27
- Zoning
- R2-HD
- Listing Terms
- Standard
Exterior Features
- Lot Features
- Six To Ten Units Acre
- Water
- Public
Community Features
- Subdivision
- Downtown Costa Mesa
- Community Features
- Biking, Curbs, Storm Drains, Street Lights, Sidewalks
The record
Property History for 2028 Wallace Avenue
| Date | Event | Price | Note |
|---|---|---|---|
| Oct 27, 2025 | Sold | $1,900,000 | |
| May 27, 2025 | Listed for sale | $2,250,000 |
Next steps
Looking for something similar
2028 Wallace Avenue is no longer on the market, but comparable homes come up in Costa Mesa regularly. We can tell you what this one actually closed at and set up alerts for listings that match it.
Selling near 2028 Wallace Avenue
Thinking of selling nearby? We bring current Downtown Costa Mesa sales data and a clear pricing strategy to every listing, backed by more than 700 closed sales and over $1B in Orange County volume. Start with a free home valuation, or reach out to talk through your options.
The neighborhood
About Costa Mesa
Costa Mesa sits on the coastal tableland of central Orange County, bordered by Santa Ana, Huntington Beach, and Newport Beach, with its southern edge about a mile from the Pacific. South Coast Plaza, the Segerstrom Center for the Arts, the Orange County Fairgrounds, Orange Coast College, and the Eastside and Mesa Verde neighborhoods all fall within the Newport-Mesa Unified School District.
Nearby listings
Similar Homes for Sale in Costa Mesa
$2,250,000
2940 PeppertreeCosta Mesa, CA 92626Mesa Verde by Dike/Colegrove
$2,250,000
5Beds4Baths2,860SqFt
266 Joann StreetCosta Mesa, CA 92626College Park
$2,250,000
3Beds2Baths1,216SqFt
268 E BayCosta Mesa, CA 92627Alta Mesa
$2,275,000
4Beds4Baths2,618SqFt
2309 Half MoonCosta Mesa, CA 92627Half Moon Lane
$2,225,000
2904 Peppertree LaneCosta Mesa, CA 92626Mesa Verde
$2,280,000
4Beds5Baths3,887SqFt
137 The Masters CircleCosta Mesa, CA 92627
Just listed
Newest Costa Mesa Homes for Sale
Explore
Explore Costa Mesa Real Estate
See every home for sale in Costa Mesa, or search the full Orange County MLS on our live homes search. Questions about 2028 Wallace Avenue? Talk to Realatrends.
Explore Orange County
Browse Homes by City
Listing alerts
Be first to see new Costa Mesa listings
What criteria are you looking for?
New Costa Mesa homes by email, often before they reach the big portals.
You are all set.
Listed by Nick Gould of Gould Group Inc
Listing information updated Oct 31, 2025 at 3:06 PM PT. Source: CRMLS.
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.