Zumper
modified
Updated 2 Days Ago

Highlights

  • Pet Friendly
  • Gas stove
  • Large closet spaces
  • Sleek quartz countertops
  • Large private patio
  • 2 uncovered parking spaces
  • Onsite, shared laundry room

Location

1940 Wallace Ave, Costa Mesa, CA 92627, USA|Westside Costa Mesa
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Management

Fairgrove Property Management

Leasing office

(714) 541-0288

Property Overview

1940 Wallace Ave stands out for its strong overall rating, excellent value, and high marks for amenities and location. It also offers practical features like a gas stove, quartz countertops, large closets, a private patio, and two uncovered parking spaces, with nearby pet care services and a top-rated elementary school close by.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.8
Very Good
With a solid 8.8 out of 10 overall, 1940 Wallace Ave is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 1940 Wallace Ave has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Elementary school nearby
  • Less expensive
  • Dishwasher

Great for

  • Pet owners

Floor plans

2BR/1.5BA2 bed1.5 bath798 sqft$2,750 /mo1 unit availableIntroducing our spacious 2-bedroom apartment located in the vibrant city of Costa Mesa, CA. Features Include: -Gas stove -Stainless-steel kitchen sink -Sleek quartz countertops in the kitchen and the bathroom -Ceiling fan in the dining room -Large closet spaces -2 Uncovered parking spaces included -Onsite, shared laundry room - Large private patio Contact our leasing agent for more details! ***Fairgrove Property Management is the only authorized agent contracted to represent the owner of this property*** Fairgrove Property Management www Fairgrovepm com DRE#01125540
2BR/2.0BA2 bed2.5 bath798 sqft$2,895 /mo1 unit availableIntroducing our spacious 2-bedroom, 2-bathroom apartment located in the vibrant city of Costa Mesa, CA. Features Include: -New stainless steel appliances, including electric stove and built-in microwave -Stainless-steel kitchen sink -Dishwasher -Sleek quartz countertops in the kitchen and the bathroom -Ceiling fans in the bedrooms -Large closet spaces -Central air and heat -Spacious back yard - 1 parking spaces Contact our leasing agent for more details! ***Fairgrove Property Management is the only authorized agent contracted to represent the owner of this property*** Fairgrove Property Management www Fairgrovepm com DRE#01125540

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Amenities for 1940 Wallace Ave

Apartment Amenities

Air ConditioningCeiling Fan
Ceiling Fans in BedroomsCentral Heat
Large ClosetsPatio
Quartz Kitchen CountertopsWater

Appliances

Built-in MicrowaveDishwasher
Electric StoveMicrowave
New Stainless Steel Appliances

Building

Cats OKCentral Heating & Air Conditioning
Dogs OKOnsite Laundry

Grounds

2 Parking SpacesAssigned Parking
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Parking Policy

Assigned Parking

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Units11
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About 1940 Wallace Ave

HomeApartments in Costa MesaWestside Costa Mesa 1940 Wallace Ave

Introducing our spacious 2-bedroom, 2-bathroom apartment located in the vibrant city of Costa Mesa, CA. Features Include: -New stainless steel appliances, including electric stove and built-in microwave -Stainless-steel kitchen sink -Dishwasher -Sleek quartz countertops in the kitchen and the bathroom -Ceiling fans in the bedrooms -Large closet spaces -Central air and heat -Spacious back yard - 1 parking spaces Contact our leasing agent for more details! ***Fairgrove Property Management is the only authorized agent contracted to represent the owner of this property*** Fairgrove Property Management www Fairgrovepm com DRE#01125540


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.8
/10
Very Good
With a solid 8.8 out of 10 overall, 1940 Wallace Ave is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 1940 Wallace Ave has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated 1940 Wallace Ave
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
1940 Wallace Ave offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
1940 Wallace Ave stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
1940 Wallace Ave is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 1940 Wallace Ave does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

1940 Wallace Ave is great for:

Pet owners

  • Outdoor spaces are available at this property
  • 8 pet grooming services nearby
  • 23 pet supply stores near the property
  • 3 pet hospitals in the area

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 1940 Wallace Ave compares to other nearby properties.

Positives

Elementary school nearby
There is an elementary school 0.3 mile away
Less expensive
The 2-bedrooms are cheaper than other similar listings nearby
Dishwasher
Dishwasher available in kitchen
Images Available
There are at least 10 photos of this address

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Rent trends in Westside Costa Mesa

If you decide to upgrade your space, you can expect 2-bedrooms at 1940 Wallace Ave to be 2% less than the average for similarly sized apartments in Westside Costa Mesa.

Median rents as of Sep 12 2026.
Westside Costa Mesa
Costa Mesa
A table of studio rental data trends in Costa Mesa
MonthMedian Rent
September 2024$2,095
October 2024$2,038
November 2024$2,157
December 2024$2,121
January 2025$2,079
February 2025$2,084
March 2025$2,100
April 2025$2,147
May 2025$2,116
June 2025$2,159
July 2025$2,053
August 2025$2,156
September 2025$2,169
October 2025$2,134
November 2025$2,037
December 2025$2,076
January 2026$2,030
February 2026$2,183
March 2026$2,212
April 2026$2,119
May 2026$2,152
June 2026$2,222
July 2026$2,212
August 2026$2,163
September 2026$2,145
A table of studio rental data trends in Westside Costa Mesa
MonthMedian Rent
October 2025$1,995
November 2025$1,995
April 2026$1,941
May 2026$1,910
June 2026$1,950

Affordability calculator

Can I afford to live at 1940 Wallace Ave?

Bedrooms

2 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$112,900/yr

With your selected rent-to-income ratio, you'd ideally want to make $112,900 annually to afford this 2-bedrooms median monthly rent price of $2,822.
For more information on rent affordability, visit our rent calculator.

Schools near 1940 Wallace Ave

Pomona Elementary School

2051 pomona ave

costa mesa, CA, 92627

K-6Public
B

Monte Vista High School

390 monte vista ave

costa mesa, CA, 92627

K-12Public
A-

Orange County Special Education

200 kalmus dr

costa mesa, CA, 92628

K-12Public

Access County Community

200 kalmus dr

costa mesa, CA, 92628

K-12Public
D+

Occs:Chep/Pchs

14262 franklin ave ste 100

tustin, CA, 92780

K-12Public
B+
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Internet available near 1940 Wallace Ave

Neighborhood

Westside Costa Mesa | Costa Mesa, CA

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Costa Mesa near 1940 Wallace Ave

Walking

7/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

8/10
This area is close to freeways and has adequate parking options.

Cycling

6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 1940 Wallace Ave, Costa Mesa

Groceries

9/10
At least one grocery store within a few minutes' walk

Shopping

6/10
Variety of shops within walking distance

Cafes

6/10
Some cafés within walking distance

Restaurants

7/10
Variety of restaurants within walking distance

Primary schools

9/10
At least one elementary school within a 10-minute walk

High schools

2/10
No high schools within a 30-minute walk

Parks

7/10
Moderate amount of park space nearby

Nightlife

4/10
Some bars within walking distance

Explore the area around 1940 Wallace Ave

Smart & Final Extra!
707 W 19th St
Tropicana Supermarket Costa Mesa
817 W 19th St
Super Imperial Market
835 W 19th St
Project Foodbox Inc
892 W 18th St
Grocery Outlet
1835 Newport Blvd

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