
Costa Mesa, California 92627
This property presents a High-Potential Investment Opportunity with a List Price of $1,999,000—positioned above the $1,771,268 Fair Market Value. While the price reflects a premium for the land, the expansive 8,448-square-foot lot offers significant development potential for a custom rebuild or ADU addition. With a Condition Rating of 6, the home serves as a blank canvas for value-add renovations. Located in the Newport-Mesa Unified district near top-rated schools, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a premier Eastside Costa Mesa homesite.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2032 Aliso Avenue Subject | $1,999,000* List Price | 3 | 2 | 1,543 | $1,148 | - |
A 300 Alva Sold | $1,850,000 | 3 | 2 | 1,512 | $1,224 | 0.4 mi |
B 353 E 21st Sold | $1,425,000 | 3 | 1 | 1,069 | $1,333 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1959 (>60 years old) with no evidence of major renovations. The listing explicitly markets the property as an opportunity to 'create a custom dream home' or 'reimagine' the residence, which, combined with original features like popcorn ceilings and worn hardwood, aligns with the criteria for land-value-focused properties.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8448, living area = 1543.
Situated on a coveted cul-de-sac in Eastside Costa Mesa, this property offers a quiet, community-oriented setting within walking distance to 17th Street's premier shopping and dining.
The oversized 8,448-square-foot parcel provides a rare opportunity for a custom rebuild, major expansion, or the addition of an Accessory Dwelling Unit (ADU) and pool.
Built in 1959 and held by the same family for decades, the home likely requires a full-scale renovation or teardown to meet modern luxury standards.
At nearly $2 million for a 1,543-square-foot original structure, the list price reflects premium land value, which may be a barrier for buyers not looking for a major project.
Ideally situated on one of Eastside Costa Mesa's most coveted cul-de-sac streets, this exceptional property presents a rare opportunity to reimagine the existing residence or create a custom dream home in one of the area's most sought-after neighborhoods. Set on an expansive approximately 8,448-square-foot parcel, the current home features three bedrooms, two bathrooms, and a dual-sided fireplace that serves both the formal living room and family room. Lovingly owned by the same family for many decades, the property is ready for its next chapter with a new owner who can make it their own. The light-filled interior showcases original hardwood floors and offers seamless access to the spacious backyard, providing an ideal canvas for creating a private outdoor retreat. With ample space for a pool, spa, outdoor kitchen, and potentially an Accessory Dwelling Unit (ADU), the possibilities are truly exceptional. Surrounded by mature trees, tree-lined sidewalks, landscaped parkways, and a strong sense of community pride, the neighborhood immediately conveys the charm and character that have made Eastside Costa Mesa so desirable. Located just moments from award-winning schools, neighborhood parks, the Back Bay Nature Preserve, the shops and dining along 17th Street, and the renowned beaches of the Newport Peninsula, 2032 Aliso Avenue represents an extraordinary opportunity to secure a premier homesite in an outstanding location.
No exterior & parking available.
Grades PK-2 • 0.2 mi
Grades 3-6 • 0.5 mi
Grades PK-6 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,543 | 1,654.5 |
| Lot Size | 8,448 | 6,561 |
| Price | $2.00M | $1.62M |
| Price per sq ft | $1.3K | $1.0K |
| Built year | 1959 | 1960 |
| HOA | $0 | $480 |
| Days on market | 6 | 46 |
Jul 16, 2026
$1,999,000
Initial Listing