• Asking Price $1,849,000
  • Estimated Value: $1,787,823

  • 1022 W WILSON ST COSTA MESA, CA 92627

  • 3 Beds 2 Baths 1,630 SqFt
  • Single Family Home / Resale (MLS)
1 of 13

Property Details for 1022 W WILSON ST, COSTA MESA, CA 92627

Features

  • Price/sqft: $1,134
  • Lot Size: 0.25 acres
  • Total Units: 1
  • Total Rooms: 13
  • Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Family Room, Great Room, Kitchen, Laundry, Living Room, Loft
  • Stories: 1
  • Roof Type: Composition Shingle
  • Heating: Forced Air Heating
  • Exterior Walls: Stucco

Facts

  • Year Built: 01/01/1949
  • Property ID: 930895716
  • MLS Number: NP24202018
  • Parcel Number: 422-051-05
  • Property Type: Single Family Home
  • County: ORANGE
  • Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. INVESTORS & BUILDERS, close on this single family home and 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 can be created from this prime oversized lot of 10,817 SF. Each new lot would be approx. 53' wide by 102' deep, totaling approx. 5,406 SF. On each lot you can build 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. The plans 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 to meet our development team and be introduced to potential contractors who can complete the build for you. *NOTE: Listing has supplements--SEE BROCHURE WITH RENTAL AND SALES COMPS. Visit www.1022westwilson.com

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Property Brokerage: California Regional Multiple Listing Service, Inc
Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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