Zumper
modified
11 Hours Ago

Highlights

  • Ceiling fans
  • Central air and heat
  • Large closet spaces
  • Sleek quartz countertops
  • New stainless steel appliances

Location

1940 Wallace Avenue, Costa Mesa, California 92627, United States|Westside Costa Mesa
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Management

Fairgrove Property Management

Leasing office

(949) 414-8609

Property Overview

1940 Wallace Ave is highly rated overall, receiving an 8.8 from Zumper for its excellent balance of price and value, reflected in a perfect 10 for price and amenities. The property features attractive aspects such as ceiling fans, central air and heat, large closet spaces, sleek quartz countertops, and new stainless steel appliances. With a location score of 9, it offers residents easy access to nearby points of interest, complemented by a trustworthiness rating of 8, showcasing transparency about the property and its management.

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
  • Dishwasher

Great for

  • Pet owners

Floor plans

2BR/1.5BA2 bed1.5 bath$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 -Sleek quartz countertops in the kitchen and the bathroom -Ceiling fans in the bedrooms -Large closet spaces -Two 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

Building

Dogs OK
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

Dog Policy

Allowed
Limit1

Cat Policy

Not allowed

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 -Sleek quartz countertops in the kitchen and the bathroom -Ceiling fans in the bedrooms -Large closet spaces -Two 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—dogs 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

  • 17 pet supply stores near the property
  • 5 pet hospitals in the area
  • 1 pet grooming service nearby

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
Dishwasher
Dishwasher available in kitchen

Considerations

Grow a garden indoors
A balcony, backyard, or shared outdoor space isn't available
Lacks images
Fewer than 10 photos available for this location

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Rent trends in Westside Costa Mesa

2-bedroom apartments at 1940 Wallace Ave cost about 1% less than the average rent price for 2-bedroom apartments in Westside Costa Mesa.

Median rents as of Jan 17 2026.
Westside Costa Mesa
Costa Mesa
A table of studio rental data trends in Costa Mesa
MonthMedian Rent
February 2024$2,002
March 2024$2,086
April 2024$2,070
May 2024$2,059
June 2024$2,171
July 2024$2,238
August 2024$2,175
September 2024$2,110
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$2,052
A table of studio rental data trends in Westside Costa Mesa
MonthMedian Rent
October 2025$1,995
November 2025$1,995

Affordability calculator

Can I afford to live at 1940 Wallace Avenue?

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

$115,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $115,800 annually to afford this 2-bedrooms monthly rent price of $2,895.
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-
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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 Avenue

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 Avenue, 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

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