1022 W Wilson Street, Costa Mesa, CA 92627

$1,795,000 Asking Price

12 beds
12 baths
6,300  sqft
Built in 2025

INVESTORS & BUILDERS, close on this excellent development opportunity with City entitlements, final County map, and full sets of permit ready plans. City of Costa Mesa approved lot split using their Small Lot Ordinance (SLO) guidelines. 2 nearly identical lots have been created from this prime oversized lot of 10,817 SF. Each new lot will be approx. 53' wide by 102' deep, totaling 5,406 SF. On each lot will be one 2-story, 4 bed & 3.5 bath front house of 2,266 SF, plus a single level detached ADU in the back with 2 beds & 2 baths in 884 SF. Architecture is coastal modern farmhouse by Bryant Palmer & Soto. Features will include high volume and vaulted ceilings, great rooms and lofts, upstairs laundry rooms, indoor/outdoor feel, oversized garages, private yards, separate gated entries, welcoming front porches and patios. ADUs will have separate and private entries and all yards will be privately fenced. All units separately metered with electric and gas. Outdoor spaces by BGB Design Group will be soothing places to rest, rejuvenate and entertain with California friendly landscaping and practical yet aesthetically pleasing hardscape surfaces. Just around the corner are Fairview Park and Talbert Nature Preserve, and Santa Ana River trails with beach access. Just a few blocks from excellent Waldorf School. These homes and ADUs will be terrific residences for their occupants. Conservative rental pro forma is $6,500-$7,000/mo for the front houses and $3,500-$3,750/mo for the ADUs. The development project offers many options for the lucky buyer: 1.) Develop and sell for profit; 2.)

Features & Amenities

Interior

Laundry:
Closet Stacked,Laundry Room,Inside
Flooring:
Tile,Wood
A/C:
Central Forced Air
Heating:
Forced Air Unit
Fireplace:
N/K

Exterior

General:
Stucco
Style:
Custom Built,Ranch,Traditional
Pool:
None
Parking:
Oversized, Parking spaces: 4

Construction

Roofing:
Composition,Metal
General:
1 Story

Location

HOA Amenities:
0.0
Originating MLS:
California Regional MLS
County:
Orange

Lot

Zoning:
R2MD, 42205105
View:
N/K
Fencing:
Vinyl

Utilities

Utilities:
Cable Available,Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
Water:
Public
Sewer:
Public Sewer

Financial

Source:
California Regional MLS

This listing courtesy of:
Compass, Grant Bixby

About Costa Mesa, CA

Housing

Number of Units
45,042
Median Home Value
$809,752
Median Rent
$1,846

61.00% of housing units are renter occupied.

4.85% are vacant.

Commute

Car
56.06%
Public Transportation
1.19%
Walk to Work
1.72%
Work from Home
38.54%
Other
1.26%

The median travel time to work is 15 minutes.

People

Population
114,013
Median Age
36.10
Median Household Size
2.84

Education

High School
17.45%
Associate’s Degree
6.49%
Bachelor’s Degree
29.44%
Graduate Degree
13.20%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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