Gould Group is pleased to present 2028 Wallace Avenue, a rare multifamily investment opportunity located in the heart of Costa Mesa’s rapidly evolving Westside.
Situated on a massive 18,415 SF 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. Each unit includes dedicated garage parking, additional off-street parking, and the privacy of a low-density layout, making it ideal for both tenants and long-term investors.
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.
Located just minutes from the beach, 17th Street, Triangle Square, South Coast Plaza, and Fashion Island, this property is ideally situated near top-tier retail, dining, and entertainment.