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LAND WITH PLANS READY TO ISSUE (RTI). Skip the design and entitlement process. This rare Eastside opportunity comes with fully developed, ready-to-issue architectural plans for a striking modern compound, so you can break ground almost immediately instead of starting from a blank page. Set on an oversized 7,700 square foot lot (55' wide x 140' deep) on a quiet interior street in the central Eastside, the approved plans call for an approximately 4,300 square foot two-story residence: a 3,700 square foot main home with 4 bedrooms and 4 bathrooms, an open-concept great room, chef's kitchen, main-level guest suite, dedicated bar/lounge, and attached 3-car garage plus a detached 600 square foot ADU positioned beyond a resort-style pool and spa, creating a true compound setting that's rare at this price point. The owner has also already replaced the sewer line out to the street, removing one of the most common infrastructure hurdles on an Eastside rebuild. Ideally located just blocks from the Back Bay Nature Trails, East 17th Street shopping and dining, and with easy access to all major transportation corridors, Newport Beach, and OC's beaches, this is a rare chance to acquire land, design, and a construction-ready path forward in one of Costa Mesa's most desirable neighborhoods without the many months of lead time a typical ground-up project requires.

26861881 MLS ⋅ Active Status

LAND WITH PLANS READY TO ISSUE (RTI). Skip the design and entitlement process. This rare Eastside opportunity comes with fully developed, ready-to-issue architectural plans for a striking modern compound, so you can break ground almost immediately instead of starting from a blank page. Set on an oversized 7,700 square foot lot (55' wide x 140' deep) on a quiet interior street in the central Eastside, the approved plans call for an approximately 4,300 square foot two-story residence: a 3,700 square foot main home with 4 bedrooms and 4 bathrooms, an open-concept great room, chef's kitchen, main-level guest suite, dedicated bar/lounge, and attached 3-car garage plus a detached 600 square foot ADU positioned beyond a resort-style pool and spa, creating a true compound setting that's rare at this price point. The owner has also already replaced the sewer line out to the street, removing one of the most common infrastructure hurdles on an Eastside rebuild. Ideally located just blocks from the Back Bay Nature Trails, East 17th Street shopping and dining, and with easy access to all major transportation corridors, Newport Beach, and OC's beaches, this is a rare chance to acquire land, design, and a construction-ready path forward in one of Costa Mesa's most desirable neighborhoods without the many months of lead time a typical ground-up project requires.

286 Virginia Place, Costa Mesa

$2,600,000

375 22nd Street, Costa Mesa offers a rare opportunity to purchase a +/-0.41 AC (+/-18,009 square foot), R1 zoned land parcel. This large Eastside Costa Mesa development site allows a buyer/developer a multitude of options including redevelopment of a high-end custom home, lot split and/or SB9 / ADU(s). Buyer to verify its feasibility. The property is a short walk to Bayview trail, which has incredible views of Upper Newport Bay. Costa Mesa is one of Orange County’s most sought-after cities, offering top schools, award-winning dining, vibrant arts and entertainment, and quick access to beaches and freeways.

PW25226146 MLS ⋅ Closed Status

375 22nd Street, Costa Mesa offers a rare opportunity to purchase a +/-0.41 AC (+/-18,009 square foot), R1 zoned land parcel. This large Eastside Costa Mesa development site allows a buyer/developer a multitude of options including redevelopment of a high-end custom home, lot split and/or SB9 / ADU(s). Buyer to verify its feasibility. The property is a short walk to Bayview trail, which has incredible views of Upper Newport Bay. Costa Mesa is one of Orange County’s most sought-after cities, offering top schools, award-winning dining, vibrant arts and entertainment, and quick access to beaches and freeways.

375 22nd Street, Costa Mesa

$1,900,000

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.

NP25117522 MLS ⋅ Closed Status

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.

2028 Wallace Avenue, Costa Mesa

$2,300,000

Investors and Builders - With a recent rezoning by the County of Orange, this highly desirable property offers unparalleled flexibility and development potential, setting it apart from any other on the market in the Newport-Mesa area. Just 350 yards or so from the serene waters of Newport's Back Bay, this 8,275-square-foot property is ideally located in an unincorporated area of Eastside Costa Mesa. Considering building six new townhomes? How about up to 14 apartments? This property is zoned for both, with a maximum height allowance of 35 feet. Alternatively, design your dream home or even two! You could also renovate the existing 1,400 sqft 3-bedroom, 1.5-bath residence while capitalizing on its two oversized garages and onsite parking for up to 20 vehicles. There are two distinct architectural renderings: Townhouse Rendering -This concept showcases 5 custom townhomes, and 1 custom ADU, all designed in a modern coastal craftsman style. Each townhome is designed with balconies and two car garages. This configuration could generate an estimated sale of more than $7 million. Apartment Rendering - This option presents 8 high-end custom apartments plus 2 custom ADU apartments. Each apartment includes a private balcony and a single-car garage equipped with an EV charger. Under this plan, the conservative rental income is estimated at $35,000 monthly and $420,000 annually. If you're not a builder and looking for a home to live in, with some minor work this home can be move in ready. This development opportunity offers a wealth of possibilities: 1. Develop and Sell Build and sell all units for an immediate profit. 2. Develop and Rent Lease all units to generate steady rental income while benefiting from long-term appreciation and potential tax write-offs. 3. Build and Live Create your dream property, move into one unit, and rent the others. 4. Build and Retain Keep one or two townhomes for yourself, then sell the remaining units to offset your investment costs. 5. 1031 Exchange Use this opportunity to complete your 1031 exchange and defer capital gains taxes. Please ask Listing agent for Offering Memorandum or look in MLS documents. *Buyer to conduct their own due diligence with the County of Orange to confirm all development standards

25489755 MLS ⋅ Closed Status

Investors and Builders - With a recent rezoning by the County of Orange, this highly desirable property offers unparalleled flexibility and development potential, setting it apart from any other on the market in the Newport-Mesa area. Just 350 yards or so from the serene waters of Newport's Back Bay, this 8,275-square-foot property is ideally located in an unincorporated area of Eastside Costa Mesa. Considering building six new townhomes? How about up to 14 apartments? This property is zoned for both, with a maximum height allowance of 35 feet. Alternatively, design your dream home or even two! You could also renovate the existing 1,400 sqft 3-bedroom, 1.5-bath residence while capitalizing on its two oversized garages and onsite parking for up to 20 vehicles. There are two distinct architectural renderings: Townhouse Rendering -This concept showcases 5 custom townhomes, and 1 custom ADU, all designed in a modern coastal craftsman style. Each townhome is designed with balconies and two car garages. This configuration could generate an estimated sale of more than $7 million. Apartment Rendering - This option presents 8 high-end custom apartments plus 2 custom ADU apartments. Each apartment includes a private balcony and a single-car garage equipped with an EV charger. Under this plan, the conservative rental income is estimated at $35,000 monthly and $420,000 annually. If you're not a builder and looking for a home to live in, with some minor work this home can be move in ready. This development opportunity offers a wealth of possibilities: 1. Develop and Sell Build and sell all units for an immediate profit. 2. Develop and Rent Lease all units to generate steady rental income while benefiting from long-term appreciation and potential tax write-offs. 3. Build and Live Create your dream property, move into one unit, and rent the others. 4. Build and Retain Keep one or two townhomes for yourself, then sell the remaining units to offset your investment costs. 5. 1031 Exchange Use this opportunity to complete your 1031 exchange and defer capital gains taxes. Please ask Listing agent for Offering Memorandum or look in MLS documents. *Buyer to conduct their own due diligence with the County of Orange to confirm all development standards

330 University Drive, Costa Mesa

$1,100,000

The subject property is a ±0.43 acre parcel of land located on Bristol Street in the city of Costa Mesa one block south of Bear Street and the 73 freeway. This site is rectangular in shape and measures approximately 50’ wide by 385’ deep. The site is completely paved over and is striped as a parking lot although it is not being utilized at the current time. The property is zoned Commercial Limited (CL) and has a General Plan Land Use designation of General Commercial. The CL zoning district is intended for unique areas of land which, due to the proximity of residential development or the potential for traffic circulation hazards, require special precautions to be taken to assure appropriate development. In November of 2022, the voters of the city of Costa Mesa passed a revitalization ordinance known as Measure K. The Measure K ordinance provides for housing options and revitalization along specific key corridors within the city. This property falls within one of the very few Measure K designated corridors in the city. The site is located on the small stretch of Bristol Street that is bounded by the 73 freeway to the north and the 55 freeway to the south. Bristol Street is a major arterial through the city which means that it is a six-lane divided roadway with a raised median. Neighbors to the south include office/retail buildings, the neighbor to the north is a small apartment building and the neighborhood to the west is all detached single-family homes. Parcels of unused or underutilized land are very difficult to find in the city of Costa Mesa, especially those with frontage along a major arterial such as Bristol Street. This site has been listed for sale at a price of only $63.56 per square foot.

PW24120147 MLS ⋅ Closed Status

The subject property is a ±0.43 acre parcel of land located on Bristol Street in the city of Costa Mesa one block south of Bear Street and the 73 freeway. This site is rectangular in shape and measures approximately 50’ wide by 385’ deep. The site is completely paved over and is striped as a parking lot although it is not being utilized at the current time. The property is zoned Commercial Limited (CL) and has a General Plan Land Use designation of General Commercial. The CL zoning district is intended for unique areas of land which, due to the proximity of residential development or the potential for traffic circulation hazards, require special precautions to be taken to assure appropriate development. In November of 2022, the voters of the city of Costa Mesa passed a revitalization ordinance known as Measure K. The Measure K ordinance provides for housing options and revitalization along specific key corridors within the city. This property falls within one of the very few Measure K designated corridors in the city. The site is located on the small stretch of Bristol Street that is bounded by the 73 freeway to the north and the 55 freeway to the south. Bristol Street is a major arterial through the city which means that it is a six-lane divided roadway with a raised median. Neighbors to the south include office/retail buildings, the neighbor to the north is a small apartment building and the neighborhood to the west is all detached single-family homes. Parcels of unused or underutilized land are very difficult to find in the city of Costa Mesa, especially those with frontage along a major arterial such as Bristol Street. This site has been listed for sale at a price of only $63.56 per square foot.

Bristol, Costa Mesa

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