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268 & 270 Walnut Street, Costa Mesa, California 92627, Costa Mesa, 92627 - 3 bed, 3 bath

268 home-pic-0
ACTIVE UNDER CONTRACT$1,800,000
268 & 270 Walnut Street, Costa Mesa, California 92627
3Beds
3Baths
1,224Sqft
6,380Lot
Year Built
1947
Close
-
List price
$1.8M
Original List price
$1.8M
Price/Sqft
$1,471
HOA
-
Days on market
-
Sold On
-
MLS number
NP25269288
Home ConditionTear down
Features
View-

About this home

Possibly Over-Priced:The estimated price is 8% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.80M(52th), sqft - 1224(14th), beds - 3(50th), baths - 3(50th).

268 and 270 Walnut St. 2 Homes. 2 side-by-side lots with alley access. One price to sell both combined together. Both original homes from the 1940s. 268 Walnut is a step into a Big Bear style cabin consisting of 2 bedrooms, 1 office, 1 1/2 bathrooms and indoor laundry. 270 Walnut consists of 1 makeshift bedroom plus loft, 2 living areas and 1 bathroom. There are 2 shed structures on the property and a covered carport area. Potential for major renovation on both homes, tear down possibilities to build your dream home consistent with the large newer construction homes on this block. Walnut Street is a prime location near 17th St. for all shopping and dining needs.

Price History

Date
Event
Price
12/04/25
Listing
$1,800,000
Condition Rating
Tear down
Built in 1947, these are described as 'original homes from the 1940s' with 'potential for major renovation' or 'tear down possibilities.' The kitchens and bathrooms are extremely dated, featuring old cabinets, tile countertops, basic fixtures, and show no signs of significant renovation in decades. The property analysis explicitly mentions 'outdated original structures' and 'substandard living conditions' (including a 'makeshift bedroom'). The overall condition, age, and explicit suggestion for demolition in the listing indicate the property's value is primarily in the land for redevelopment, aligning with the 'tear-down' criteria.
Pros & Cons

Pros

Prime Location: Situated on Walnut Street, offering convenient access to 17th Street's vibrant shopping and dining scene, a highly desirable attribute in Costa Mesa.
Significant Redevelopment Potential: The property presents a strong opportunity for a complete renovation or tear-down to build new, larger homes, aligning with neighborhood trends and maximizing value.
Dual Property Offering: Includes two side-by-side homes on separate lots, providing flexibility for investment, multi-unit development, or a substantial single-family estate.
Valuable Alley Access: The presence of alley access enhances development options, parking solutions, and potential for accessory dwelling units (ADUs).
Desirable Eastside Costa Mesa Market: Located in the highly sought-after Eastside Central (ECCM) area, known for strong property values and community appeal.

Cons

Outdated Original Structures: Both homes are original 1940s constructions, indicating a need for extensive modernization or complete replacement rather than minor cosmetic updates.
Substandard Living Conditions: One unit features a 'makeshift bedroom,' suggesting non-conforming or low-quality living space that requires significant upgrades to be functional and compliant.
Limited Existing Livable Space: The combined 1224 sqft for two homes is exceptionally small, reinforcing the likelihood that the existing structures are not suitable for long-term occupancy without major investment.

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