1940 Wallace Ave, Costa Mesa, CA 92627 Property Records

Orange County property record for 1940 Wallace Ave, Costa Mesa, CA 92627

Property Summary

Property Type	Multi-Family Dwellings
Details	19,840 sqft · built 1974
Lot Size	0.423 acres (18,423 sqft)
Owner	Company Name on Record
Last Sale	$2,000,000 (Jun 2022)
Tax Bill	$56,539 (2025)
Deeds & Mortgages	Jan 2022 Mortgage Jan 2024 Transfer + 4 more
Flood Zone	Zone X (minimal risk)
APN	`422-262-14`

Property Details

APN / Parcel Number

Primary APN	`422-262-14`

Interior

Units	30 Units
Building Area	19,840 sqft Living Area

Exterior

Year Built	Built 1974
Effective Year Built	Effective 1974
Architectural Style	Multi-Family
Lot Area	18,423 sqft (0.423 acres)

Location & Zoning

Street Address	1940 WALLACE AVE
City	COSTA MESA
State	CA
Zip	92627-3476
Property Category	Residential
Property Type	Residential > Multi-Unit > Multi-Family Dwellings
Legal Description	N TR 612 BLK F LOT 12 TR 612 BLK F LOT 12 ABAND ST
Legal Subdivision	TRACT NO. 612
Legal Tract	612
Legal Block	F
Legal Lot Number	12
Jurisdiction	ORANGE CA
Township / Civil Division	CENTRAL COAST
Census Block Group	2
Census Block	2004
Census Tract	63701

Owner

Source: Orange County records, as of August 31, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	30212 TOMAS, F200, RANCHO SANTA MARGARITA, CA 92688-2172
Owner Type	Company
Vesting	Trust

Deeds, Mortgages & Sale History

Date	Document
Jan 19, 2022	Deed of Trust, Mortgage · Commercial Mortgage JPMORGAN CHASE BANK NA
Jan 23, 2024	Correction Deed
Jun 8, 2022	Grant Deed, Transfer CHICAGO TITLE COMPANY-C/I, CHICAGO TITLE CO COM DIV
May 25, 2022	Grant Deed, Transfer
Dec 28, 2018	Deed of Trust, Mortgage · Commercial Mortgage JPMORGAN CHASE BANK NA
May 12, 2022	Grant Deed, Transfer

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jun 8, 2022 · Amount on Record
Deed Sale	Jun 8, 2022 · Amount on Record
Prior Sale	Mar 11, 2016 · Amount on Record
Deed Document Number	2022208172
Last Transfer Date	Oct 3, 2023
Transfer Doc	0000248560
Record Updated	Oct 29, 2026

January 2022: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	ORANGE CA
Property Address	1940 WALLACE AVE, COSTA MESA, CA 92627-3476
Transaction Type	Mortgage
Record Updated	Nov 29, 2023
Title Company	FIRSTAMERICAN TITLE COMPANY, FIRST AMERICAN TITLE CO

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	17220 NEWHOPT ST #207 207, 207, FOUNTAIN VALLEY, CA 92708-4285

Mortgage

Document Number	0000025127
Date	Jan 19, 2022
Instrument	2022000025127

Lender

Name	JPMORGAN CHASE BANK NA
Type	Bank
Address	COPPELL, TX 75019

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

January 2024: Correction Deed

Document Type	Correction Deed
Jurisdiction	ORANGE CA
Recording Date	Jan 23, 2024
Property Address	1940 WALLACE AVE, COSTA MESA, CA 92627-3476
Document Number	0000015040
Map Reference	MB 20 PG 1&2
Instrument Date	Aug 1, 2023
Instrument	2024000015040
Record Updated	Feb 5, 2024

Transaction

Tax	$0.00
Amount Accuracy	Transfer Tax Exempt

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Family Trust
Address	PO BOX 1200, COSTA MESA, CA 92628-1200

June 2022: Grant Deed, Transfer

Document Type	Grant Deed
Jurisdiction	ORANGE CA
Recording Date	Jun 8, 2022
Property Address	1940 WALLACE AVE, COSTA MESA, CA 92627-3476
Document Number	0000208172
Map Reference	MB 20 PG 1&2
Instrument Date	Jun 3, 2022
Instrument	2022000208172
Transaction Type	Transfer
Record Updated	Nov 29, 2023
Title Company	CHICAGO TITLE COMPANY-C/I, CHICAGO TITLE CO COM DIV

Transaction

Amount	Amount Recorded
Tax	$0.00
Amount Accuracy	Partially Calculated from Transfer Tax
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Family Trust
Address	30212 TOMAS # F200, F200, RANCHO SANTA MARGARITA, CA 92688-2172

May 2022: Grant Deed, Transfer

Document Type	Grant Deed
Jurisdiction	ORANGE CA
Recording Date	May 25, 2022
Property Address	1940 WALLACE AVE, COSTA MESA, CA 92627-3476
Document Number	0000193188
Map Reference	MB 20 PG 1&2
Instrument Date	May 25, 2022
Instrument	2022000193188
Transaction Type	Transfer
Record Updated	Nov 29, 2023

Transaction

Tax	$0.00
Amount Accuracy	Transfer Tax Exempt
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	17220 NEWHOPE ST STE 207, 207, FOUNTAIN VALLEY, CA 92708-4285

December 2018: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	ORANGE CA
Property Address	1940 WALLACE AVE, COSTA MESA, CA 92627-3476
Transaction Type	Mortgage
Record Updated	Feb 5, 2021
Title Company	FIRST AMERICAN TITLE CO

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	17220 NEWHOPE ST 207, 207, FOUNTAIN VALLEY, CA 92708-4285

Mortgage

Document Number	0000484057
Date	Dec 28, 2018
Instrument	2018000484057

Lender

Name	JPMORGAN CHASE BANK NA
Type	Bank
Address	COPPELL, TX 75019

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

May 2022: Grant Deed, Transfer

Document Type	Grant Deed
Jurisdiction	ORANGE CA
Recording Date	May 12, 2022
Property Address	1940 WALLACE AVE, COSTA MESA, CA 92627-3476
Document Number	0000179055
Map Reference	MB 20 PG 1&2
Instrument Date	Mar 11, 2016
Instrument	2022000179055
Transaction Type	Transfer
Record Updated	Nov 29, 2023

Transaction

Tax	$0.00
Amount Accuracy	Transfer Tax Exempt
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	17220 NEWHOPE ST STE 207, 207, FOUNTAIN VALLEY, CA 92708-4285

Tax Assessment & Valuation

Source: Orange County assessment roll, as of August 4, 2026

Property Jurisdictions

Type	Name
State	California
County	Orange County
Municipality	Costa Mesa City
Unified School District	Newport-Mesa Unified School District (KG - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value
2026		$5,017,298 (+2%) Land $4,328,168 Building $689,130
2025	$56,539.00 (+8.11%)	$4,918,920 (+7.17%) Land $4,243,302 Building $675,618
2023	$52,296.00 (+67.04%)	$4,590,000 Land $4,078,529 Building $511,471
2022	$31,307.00

Assessed value is set for property tax purposes and is not a market price estimate.

Flood

Source: FEMA National Flood Hazard Layer, effective September 27, 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Not rated no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	MESA WATER DISTRICT serves 110,000 people · EPA ID CA3010004
Water Source	Purchased surface water from several systems
Last State Inspection	Aug 2023
Lead	Under 1 ppb (2024–2026) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 668 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
AT&T Fiber · Fixed Wireless, DSL in parts of the area	5,000 / 5,000
Spectrum Cable · Fiber in parts of the area	1,000 / 1,000
Cosmo Network Solutions Fixed Wireless	250 / 100

May also be available: GeoLinks, T-Mobile, Verizon.

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