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741 Shalimar Dr, Costa Mesa, CA 92627
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741 Shalimar Dr Costa Mesa, CA 92627

$1,525,000 Sold Price as of 05/24/2021
  • 6 Beds
  • 4 Baths
  • 3,423 Sq.Ft.
Sold
$1,525,000 Sold Price as of 05/24/2021 Refinance Your Mortgage
Map preview of 741 Shalimar Dr, Costa Mesa, CA 92627

Property Overview: 741 Shalimar Dr Costa Mesa, CA has 6 bedrooms, 4 bathrooms, 3,423 living square feet and 6,534 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Beautiful 4-plex investment property for sale located in the heart of Costa Mesa. Minutes from the Beach and close to the 55frwy giving you access to all major freeways. Upper floors have great views of the city, and all Units have garages. Each Unit has been completely remodeled and are absolutely beautiful. All Units are rented at market rent. Don't miss this opportunity to own this great investment property. The twin of this Property at 745 Shalimar just sold recently and so we do not expect this opportunity to be available much longer.

Listed by Jeffrey Cardona | BRE #02048435 | Huntington West Prop.
Co-listed by David Lewis | BRE #00578709 | Huntington West Prop.
Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 98

Home details

Lot Sq. Ft
6,534
HOA Dues
$0/mo
Year built
1962
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW21005941
City
Costa Mesa
County
Orange
Time on Site
1201 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $1,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $91,200
  • Net Operating Income: $74,948
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $16,252
  • Electric: $756
  • New Taxes: $2,261
  • Trash: $4,255
  • Insurance: $816
  • Water/Sewer: $3,336

Property Details for 741 Shalimar Dr

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Common Area
Fireplace Information
  • No Fireplace
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: 0-1 Unit/Acre, Sprinklers In Front
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 42405413
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: West of Placentia, South of 17th st
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Costa Mesa Agent

Sale History for 741 Shalimar Dr

Last sold for $1,525,000 on May 24th, 2021

  • May, 2021

  • May 25, 2021

    Date

    Sold

    CRMLS: PW21005941

    $1,525,000

    Price

  • Apr 24, 2021

    Date

    Active Under Contract

    CRMLS: PW21005941

    $1,525,000

    Price

  • Jan 11, 2021

    Date

    Active

    CRMLS: PW21005941

    $1,525,000

    Price

  • January, 2021

  • Jan 1, 2021

    Date

    Expired

    CRMLS: PW20243503

    $1,525,000

    Price

  • Nov 20, 2020

    Date

    Active

    CRMLS: PW20243503

    $1,525,000

    Price

  • Listing provided courtesy of CRMLS

    Beautiful 4 plex for sale. This Complex is located in the heart of Costa Mesa. Located minutes from the Beach and close to the 55 frwy giving you access to all major freeways. Upper floors have great views of the city. Units are in the process of being completely remodeled and are absolutely beautiful. Don't miss this opportunity to own this great investment property. This property can be sold alone or together with the next building located on 745 Shalimar Dr.

  • January, 2021

  • Jan 1, 2021

    Date

    Expired

    CRMLS: PW20110678

    $1,525,000

    Price

  • Jun 9, 2020

    Date

    Active

    CRMLS: PW20110678

    $1,525,000

    Price

  • Listing provided courtesy of CRMLS

    Beautiful 4 plex for sale. This Complex is located in the heart of Costa Mesa. Located minutes from the Beach and close to the 55 frwy giving you access to all major freeways. Upper floors have great views of the city. Units are in the process of being completely remodeled and are absolutely beautiful. Don't miss this opportunity to own this great investment property. This property can be sold alone or together with the next building located on 745 Shalimar Dr.

  • June, 2020

  • Jun 9, 2020

    Date

    Active

    CRMLS: PW20110963

    $1,525,000

    Price

  • Listing provided courtesy of CRMLS

    Beautiful 4plex for sale. This complex is located in the heart of Costa Mesa. Located minutes from the Beach and close the 55frwy giving you access to all major freeways. Upper floors have great views of the city. Units have not been upgraded but are well kept. Great opportunity for investment.

  • March, 2020

  • Mar 1, 2020

    Date

    Expired

    CRMLS: PW19242697

    $1,325,000

    Price

  • Jan 29, 2020

    Date

    Hold

    CRMLS: PW19242697

    $1,325,000

    Price

  • Oct 14, 2019

    Date

    Active

    CRMLS: PW19242697

    $1,325,000

    Price

  • Listing provided courtesy of CRMLS

    Beautiful 4plex for sale. This complex is located in the heart of Costa Mesa. Located minutes from the Beach and close the 55frwy giving you access to all major freeways. Upper floors have great views of the city. Units have not been upgraded but are well kept. Great opportunity for investment.

  • April, 2004

  • Apr 9, 2004

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 741 Shalimar Dr

Assessed Value (2020): $99,841
Year Land Value Improved Value Assessed Value
2020 $26,957 $72,884 $99,841

Home Value Compared to the Market

This property vs the competition

741 Shalimar Dr sold on May 24, 2021 for 11.31% higher than the current median sold price for the city of Costa Mesa which is $1,370,000. The median sold price per/sqft for Costa Mesa is $783 and this home is sold at $445.52 per/sqft which puts the price per square foot 43.1% lower than the current median sale per square foot for the city of Costa Mesa.

About 741 Shalimar Dr

Detailed summary of property

741 Shalimar Dr is a multi family that recently sold in Costa Mesa, CA 92627. This multi family property offered 6 bedrooms, 4 bathrooms, roughly 3,423 living square feet, and sits on an approximately 6,534 square foot lot. 741 Shalimar Dr was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $1,525,000. Home in Costa Mesa are selling for a median price of $1,370,000 and a median price per square foot of $783. Based on Ardent Real Estate Group's Costa Mesa Market Data, this home is sold 11.31% higher than the current median priced home. Local homes that are currently for sale include 2066 S Haster St, 310 E Wakefield Ave and 915 W Maple Ave. While the average home in Costa Mesa, CA is selling in 29 days, 741 Shalimar Dr has a days on market of 98 days. There are currently 117 homes for sale in the Costa Mesa real estate market and 88 of them are single family homes while 11 of them are condos and 18 are townhomes. For more information on this home for sale at 741 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 741 Shalimar Dr

Public county record property details
Beds
--
Baths
--
Year built
1962
Sq. Ft.
3,423
Lot Size
6,785
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
42
APN
424-054-13

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
$1,399,000
Median List Price/Sq.Ft.
$843
Median Sold Price
$1,500,000
Median Sold Price/Sq.Ft.
$788
Total Inventory
70
Median Sale to List Price %
100%
Avg Days on Market
28
Loan Type
Conventional (44.44%), FHA (0%), VA (0%), Cash (38.89%), Other (16.67%)

Thinking of Selling?

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Call, Text or Message
(714) 706-1823

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Recently Sold Homes Near 741 Shalimar Dr

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
712 Shalimar Dr, Costa Mesa, CA 92627
$1,560,000 Last Sold Price
6 Beds
4 Baths
3450 Sq.Ft.
712 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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