1022 W Wilson Street Costa Mesa, CA 92627
12
Beds
10 full, 2 half
Baths
6,300
Sqft
10,817
Sqft lot
0.25
Acre lot
$1,795,000
Est.$6,610 / mo.*
Status:
Active
Property Type:
Single Family Residence
Year Built:
2025
Neighborhood:
Other (othr)
Days on Website:
1
Listing courtesy of Grant Bixby (CalBRE#01364572), Compass {attribution_contact}
Description
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.) Develop and rent all units out, then hold for the long-term appreciation and tax write offs; 3.) Build for yourself and move into one and rent the others; 4.) Build both lots, then sell one off to pay for the one you keep; and/or 5.) Purchase for your 1031 exchange to defer capital gains taxes. What is your plan? Reach out to Bixby Residential and allow us to consult with you on your options, connect you with our development team, and introduce you to potential contractors for the build out should you need one. *NOTE: Listing has supplements.Property Details and Features
Property Access
- City Street
Appliances & Equipment
- Dishwasher
- Gas Oven
- Gas Range
- Gas Water Heater
- Microwave
- Range Hood
- Refrigerator
Bathrooms
- 12 total bathrooms
- 10 full bathrooms
- 2 half bathrooms
- 8 bathrooms on main level
Bedrooms
- 12 bedrooms
- 6 bedrooms on main level
Building
- 6300.00 living sqft
- Common walls: No Common Walls
- Patio
- Patio and porch features: Concrete,Front Porch,Rear Porch
- Construction materials: Board & Batten Siding,Stucco
- Architectural style: Custom Built,Ranch,Traditional
- Levels: One,Two
- 2 stories
- Entry level: 1
- Built in 2025
- Entry location: 1
Community
- Biking
- Curbs
- Dog Park
- Golf
- Gutters
- Park
- Storm Drains
- Street Lights
- Suburban
Cooling
- Central Air
Doors
- Sliding Doors
Dining Room
- Dining Room
Fence
- Block
- Vinyl
Floors
- Tile
- Wood
Foundation
- Slab
Garage
- 4 garage spaces
- Attached garage
Water Features
- Water source: Public
Heating
- Forced Air
Interior Features
- High Ceilings
- Open Floorplan
- Wired for Data
- Wired for Sound
Laundry
- Individual Room
- Inside
- Upper Level
- Stackable
Listing
- Listing ID: NP24202018
- 284.92 per sqft
- 1 day on market
Location
- MLS area: C2 - Southwest Costa Mesa
- County: Orange
- Subdivision: Other (OTHR)
- Subdivision (other): NEW
Lot
- Back Yard
- Front Yard
- Landscaped
- Park Nearby
- Sprinklers Drip System
- Sprinklers Timer
- 0.2483 acres
- 10,817 sqft
Energy Saving
- Appliances
- Construction
- HVAC
- Insulation
- Lighting
- Thermostat
- Water Heater
- Windows
- Solar
Parking
- 4 spaces
- Direct Garage Access
- Garage
- Oversized
Property
- Under Construction
- Zoning: R2MD
Roof
- Composition
- Metal
Schools
- High school district: Newport Mesa Unified
Security Features
- Carbon Monoxide Detector(s)
- Fire Sprinkler System
- Smoke Detector(s)
Sewer
- Public Sewer
Utilities
- Cable Available
- Electricity Connected
- Natural Gas Connected
- Sewer Connected
- Water Connected