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712 Shalimar Dr, Costa Mesa, CA 92627
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712 Shalimar Dr Costa Mesa, CA 92627

$1,560,000 Sold Price as of 06/08/2023
  • 6 Beds
  • 4 Baths
  • 3,450 Sq.Ft.
Sold
$1,560,000 Sold Price as of 06/08/2023 Refinance Your Mortgage
Map preview of 712 Shalimar Dr, Costa Mesa, CA 92627

Property Overview: 712 Shalimar Dr Costa Mesa, CA has 6 bedrooms, 4 bathrooms, 3,450 living square feet and 6,098 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 712 Shalimar is a 4Unit complex, located Westside Costa Mesa, minutes to Newport Beach and Triangle Square. Gross Annual Income is at $90,900 with solid tenants. 712 Shalimar offers an opportunity to acquire a well-maintained property with upside potential in rental income. The property consists of one building on a decent lot at 6,120 square foot lot. There are four units total, two of which are two-bedroom/one-bathroom units and two of which are one-bedroom/one-bathroom units. The property has been very well-maintained and is fully occupied by long-term tenants. Rents are slightly below market and there is upside potential in increasing rents to market levels. The property is located in a great Westside Costa Mesa location, just minutes away to Newport Beach and Triangle Square Shopping Center. This is an ideal investment opportunity for an investor looking for a turnkey property with solid rental income and upside potential in the future.

Listed by Jerry Reyes | BRE #01492747 | Hoag Property Management
Last checked: 10 minutes ago | Last updated: June 9th, 2023 | Source CRMLS | DOM: 281

Home details

Lot Sq. Ft
6,098
HOA Dues
$0/mo
Year built
1962
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
DW22170432
City
Costa Mesa
County
Orange
Time on Site
630 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,925
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,760
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,090
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $95,700
  • Net Operating Income: $84,830
  • Gross Operating Income: --
  • # of Rented Garages: 1
  • Garage Rental Income: $1,500
  • Laundry Income: $1,200
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $10,870
  • Electric: $900
  • Gas/Fuel: $0
  • Trash: $1,200
  • Gardener: $1,800
  • Insurance: $1,800
  • Professional Management: $3,970
  • Water/Sewer: $1,200

Property Details for 712 Shalimar Dr

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Driveway, Garage
Lot Information
  • Lot Features: Front Yard, Landscaped, Lawn, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 42405313
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: None
  • Directions: 55South, (Rt)W 18th St, (Lft)on Pomona, (Rt)James St, (Lft)Wallace Ave, (Lft)Shalimar. Siri is your Friend.
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Costa Mesa Agent

Sale History for 712 Shalimar Dr

Last sold for $1,560,000 on June 8th, 2023

  • June, 2023

  • Jun 8, 2023

    Date

    Sold

    CRMLS: DW22170432

    $1,560,000

    Price

  • Aug 2, 2022

    Date

    Active

    CRMLS: DW22170432

    $1,780,000

    Price

  • September, 2020

  • Sep 12, 2020

    Date

    Sold

    CRMLS: NP20109933

    $1,420,000

    Price

  • Jul 28, 2020

    Date

    Active Under Contract

    CRMLS: NP20109933

    $1,420,000

    Price

  • Jun 11, 2020

    Date

    Active

    CRMLS: NP20109933

    $1,420,000

    Price

  • Listing provided courtesy of CRMLS

    Turnkey four unit investment property located in one of the most desirable rental markets in Orange County. Comprised of (2) 2 bedroom, 1 bath and (2) 1 bed, 1 bath units all with their own private garage. Three of the four units have been completely remodeled, freshly painted exterior and new landscaping and sprinkler system. Excellent long term tenants that are all current on their rent. Close proximity to the beach, Triangle Square, major freeways, John Wayne Airport, and all the shopping and dining options 17th street has to offer.

  • May, 2013

  • May 28, 2013

    Date

    Sold (Public Records)

    Public Records

    $810,000

    Price

  • November, 2007

  • Nov 30, 2007

    Date

    Sold (Public Records)

    Public Records

    $750,000

    Price

Show More

Tax History for 712 Shalimar Dr

Assessed Value (2020): $889,784
Year Land Value Improved Value Assessed Value
2020 $774,112 $115,672 $889,784

Home Value Compared to the Market

This property vs the competition

712 Shalimar Dr sold on June 8, 2023 for 25.67% higher than the current median sold price for the city of Costa Mesa which is $1,352,000. The median sold price per/sqft for Costa Mesa is $794 and this home is sold at $492.46 per/sqft which puts the price per square foot 37.98% lower than the current median sale per square foot for the city of Costa Mesa.

About 712 Shalimar Dr

Detailed summary of property

712 Shalimar Dr is a multi family that recently sold in Costa Mesa, CA 92627. This multi family property offered 6 bedrooms, 4 bathrooms, roughly 3,450 living square feet, and sits on an approximately 6,098 square foot lot. 712 Shalimar Dr was first listed on ArdentRealEstateGroup.com on August 3, 2022. The homeowner sold the property for $1,560,000. Home in Costa Mesa are selling for a median price of $1,352,000 and a median price per square foot of $794. Based on Ardent Real Estate Group's Costa Mesa Market Data, this home is sold 25.67% higher than the current median priced home. Local homes that are currently for sale include 310 E Wakefield Ave, 483 S Pine St and 357 Mermaid St. While the average home in Costa Mesa, CA is selling in 30 days, 712 Shalimar Dr has a days on market of 281 days. There are currently 102 homes for sale in the Costa Mesa real estate market and 73 of them are single family homes while 15 of them are condos and 14 are townhomes. For more information on this home for sale at 712 Shalimar Dr Costa Mesa, CA 92627 contact Ardent Real Estate Group and we will put you in touch with one of our Costa Mesa agents.

Public Facts for 712 Shalimar Dr

Public county record property details
Beds
--
Baths
--
Year built
1962
Sq. Ft.
3,450
Lot Size
6,229
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
33
APN
424-053-13

The source for these homes facts are from public records.

92627 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,350,000
Median List Price/Sq.Ft.
$808
Median Sold Price
$1,350,000
Median Sold Price/Sq.Ft.
$1,046
Total Inventory
52
Median Sale to List Price %
103.85%
Avg Days on Market
17
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (31.82%), Other (18.18%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 712 Shalimar Dr

741 Shalimar Dr, Costa Mesa, CA 92627
$1,525,000 Last Sold Price
6 Beds
4 Baths
3423 Sq.Ft.
741 Shalimar Dr
Costa Mesa, CA 92627
745 Shalimar Dr, Costa Mesa, CA 92627
$1,525,000 Last Sold Price
6 Beds
4 Baths
3432 Sq.Ft.
745 Shalimar Dr
Costa Mesa, CA 92627
758 Shalimar Dr, Costa Mesa, CA 92627
$1,540,000 Last Sold Price
8 Beds
4 Baths
3390 Sq.Ft.
758 Shalimar Dr
Costa Mesa, CA 92627
771 Shalimar Dr, Costa Mesa, CA 92627
$1,640,000 Last Sold Price
10 Beds
6 Baths
3749 Sq.Ft.
771 Shalimar Dr
Costa Mesa, CA 92627

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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