Rare opportunity to acquire a pride-of-ownership 8-unit investment property in the highly sought-after Westside Costa Mesa rental market, offered for sale for the first time in more than 25 years. Near 19th Street and Placentia Avenue, this well-maintained asset offers a combination of strong in- place income, stable occupancy, and long-term upside in one of Orange County’s most desirable coastal submarkets. The property benefits from an exceptional location, placing residents within minutes of popular restaurants, breweries, coffee shops, shopping, beaches, and outdoor recreation. Convenient access to the 55 Freeway provides direct connectivity to Newport Beach, John Wayne Airport, major employment centers, and the greater Orange County transportation network, making the property highly attractive to a broad tenant base. The asset consists of two separate fourplex buildings comprising a total of eight 1 bedroom units. Each building features two upstairs and two downstairs residences. Three of the ground-floor units enjoy private enclosed yards or patios
surrounded by white picket fencing and landscaping, creating a residential feel and highly desirable outdoor living spaces rarely found. The property is secured by a gated pedestrian entrance and remote-controlled vehicle gate. A secondary access point at the rear of the property connects
directly to a recently renovated city alleyway, providing additional convenience for residents. The driveway and parking areas are constructed entirely of concrete rather than asphalt, helping minimize long-term maintenance requirements. There are 4 double-car garages along with additional off-street parking spaces for approximately 15 vehicles! 3 of the 4 double car garages are currently on a month to month basis to long-term non-residents, generating $1,000 per month total in supplemental income. The fourth garage is utilized as shared resident storage. Each unit is equipped with in-unit washer and dryer hookups and an individual water heater. There is no house gas meter, reducing owner-paid utility expenses. The house electrical meter serves exterior lighting and the security gate, resulting in minimal common-area utility costs. All units feature efficient and functional floor plans with open-concept kitchens that flow directly into the living areas. Double-pane windows have been installed in all living and dining rooms, improving energy efficiency, reducing exterior noise, and enhancing overall resident comfort.
surrounded by white picket fencing and landscaping, creating a residential feel and highly desirable outdoor living spaces rarely found. The property is secured by a gated pedestrian entrance and remote-controlled vehicle gate. A secondary access point at the rear of the property connects
directly to a recently renovated city alleyway, providing additional convenience for residents. The driveway and parking areas are constructed entirely of concrete rather than asphalt, helping minimize long-term maintenance requirements. There are 4 double-car garages along with additional off-street parking spaces for approximately 15 vehicles! 3 of the 4 double car garages are currently on a month to month basis to long-term non-residents, generating $1,000 per month total in supplemental income. The fourth garage is utilized as shared resident storage. Each unit is equipped with in-unit washer and dryer hookups and an individual water heater. There is no house gas meter, reducing owner-paid utility expenses. The house electrical meter serves exterior lighting and the security gate, resulting in minimal common-area utility costs. All units feature efficient and functional floor plans with open-concept kitchens that flow directly into the living areas. Double-pane windows have been installed in all living and dining rooms, improving energy efficiency, reducing exterior noise, and enhancing overall resident comfort.
Property Details
Price:
$3,190,000
MLS #:
OC26133275
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Neighborhood:
c2southwestcostamesa
Listed Date:
Jun 30, 2026
Total Sq Ft:
4,718
Lot Size:
18,430 sqft / 0.42 acres (approx)
Year Built:
1960
See this Listing
Schools
Interior
Laundry Features
GAS, WH
Levels
U
Exterior
Common Walls
_2CW
Community Features
SDW, CRB, CW
Garage Spaces
8
Parking Spots
15
Parking Total
15
Financial
Map
Community
- Address1920 Wallace AV Costa Mesa CA
- SubdivisionOther (OTHR)
- CityCosta Mesa
- CountyOrange
- Zip Code92627
Subdivisions in Costa Mesa
- Award AWAR
- Bay Laurel ENBY
- College Park COLP
- Coral Point CORP
- Country Club I ICC1
- Country Club Manor ENCC
- Del Cerro DELC
- Eastside Central ECCM
- Eastside Heights EHCM
- Eastside South ESCM
- Freedom Homes FREE
- Greenbrook By Larwin GBLR
- Halecrest HALE
- Harbor Pointe Condos HPTC
- Mesa Del Mar MDMA
- Mesa Verde Collection MVCO
- Mesa Verde Residential Income MVRI
- Mesa Verde Villas Iowa St. MVVL
- Monticello Townhomes MONT
- Newport Riviera ENNR
- Oceanview Park OCPK
- Pacesetter One Story ICPI
- State Streets II MST2
- Village Creek VLCK
- Westside Costa Mesa Central WCMC
- Westside Costa Mesa South WSCM
- Wilson Park Condos WPKC
Market Summary
Current real estate data for Single Family in Costa Mesa as of Jul 02, 2026
200
Single Family Listed
56
Avg DOM
558
Avg $ / SqFt
$1,113,501
Avg List Price
Property Summary
- Located in the Other (OTHR) subdivision, 1920 Wallace AV Costa Mesa CA is a Single Family for sale in Costa Mesa, CA, 92627. It is listed for $3,190,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1960. The average price per square foot for Single Family listings in Costa Mesa is $558. The average listing price for Single Family in Costa Mesa is $1,113,501.
Similar Listings Nearby
1920 Wallace AV
Costa Mesa, CA


