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771 Shalimar Dr, Costa Mesa, CA 92627
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771 Shalimar Dr Costa Mesa, CA 92627

$1,640,000 Sold Price as of 07/08/2021
  • 10 Beds
  • 6 Baths
  • 3,749 Sq.Ft.
Sold
$1,640,000 Sold Price as of 07/08/2021 Refinance Your Mortgage
Map preview of 771 Shalimar Dr, Costa Mesa, CA 92627

Property Overview: 771 Shalimar Dr Costa Mesa, CA has 10 bedrooms, 6 bathrooms, 3,749 living square feet and 7,514 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Costa Mesa fourplex with an amazing residential income opportunity. This multi-family boasts 4 units with different floorplans. Two units consist of 3 bedrooms, 1.5 bathrooms. The other two units offer 2 bedrooms and 1 bathroom. All units are tenant occupied. 4 parking spaces provided via the shared garages. Newer windows, decks, railing, picket fence, vinyl plank floors, and baseboards are featured throughout the units. 4 carport spaces and 4 uncovered spaces are also included in the home. Drive-by and see the potential! Please do not disturb tenants. Minutes away from the 55 FWY, Newport State Beach, and lots of shopping/entertainment centers and eateries.

Listed by Elizabeth Do | BRE #01473012 | Keller Williams Realty
Last checked: 8 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 63

Home details

Lot Sq. Ft
7,514
HOA Dues
$0/mo
Year built
1962
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
OC21066650
City
Costa Mesa
County
Orange
Time on Site
1131 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,620
  • Total Rent: $1,620
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,960
  • Total Rent: $1,960
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,825
  • Total Rent: $1,825
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,925
  • Total Rent: $1,925
  • Pro Forma/Market Rent: $2,350
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $88,035
  • Net Operating Income: $64,587
  • Gross Operating Income: --
  • Laundry Income: $75
Annual Expense Breakdown
  • Total Operating Expense: $23,448
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $18,425
  • Trash: $1,500
  • Insurance: $1,800
  • Water/Sewer: $1,723

Property Details for 771 Shalimar Dr

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Community
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate
  • Kitchen, Living Room
Interior Features
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: Front Yard, Landscaped, Paved
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 42405408
  • Year Built Source: Assessor
  • Property is 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: Other
  • Directions: Placentia and 18th st
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Costa Mesa Agent

Sale History for 771 Shalimar Dr

Last sold for $1,640,000 on July 8th, 2021

  • July, 2021

  • Jul 8, 2021

    Date

    Sold

    CRMLS: OC21066650

    $1,640,000

    Price

  • Jun 7, 2021

    Date

    Pending

    CRMLS: OC21066650

    $1,675,000

    Price

  • May 21, 2021

    Date

    Active

    CRMLS: OC21066650

    $1,675,000

    Price

  • May 17, 2021

    Date

    Pending

    CRMLS: OC21066650

    $1,675,000

    Price

  • Apr 1, 2021

    Date

    Active

    CRMLS: OC21066650

    $1,675,000

    Price

  • Apr 1, 2021

    Date

    Coming Soon

    CRMLS: OC21066650

    $1,675,000

    Price

  • March, 2019

  • Mar 19, 2019

    Date

    Leased

    CRMLS: OC19030797

    $1,825

    Price

  • Mar 14, 2019

    Date

    Hold

    CRMLS: OC19030797

    $1,825

    Price

  • Feb 24, 2019

    Date

    Price Change

    CRMLS: OC19030797

    $1,825

    Price

  • Feb 20, 2019

    Date

    Price Change

    CRMLS: OC19030797

    $1,875

    Price

  • Feb 13, 2019

    Date

    Active

    CRMLS: OC19030797

    $1,950

    Price

  • Listing provided courtesy of CRMLS

    Upgraded 2 bedroom 1 Bathroom upstairs unit. New laminate flooring throughout. Granite kitchen Countertops. Gas Stove, Bright open kitchen, dining area, outside patio. Two parking spaces in the covered carport. On site laundry.

  • October, 2018

  • Oct 1, 2018

    Date

    Sold

    CRMLS: PW18178244

    $1,459,000

    Price

  • Sep 13, 2018

    Date

    Pending

    CRMLS: PW18178244

    $1,459,000

    Price

  • Aug 31, 2018

    Date

    Active Under Contract

    CRMLS: PW18178244

    $1,459,000

    Price

  • Aug 23, 2018

    Date

    Active

    CRMLS: PW18178244

    $1,459,000

    Price

  • Aug 2, 2018

    Date

    Active Under Contract

    CRMLS: PW18178244

    $1,459,000

    Price

  • Jul 24, 2018

    Date

    Active

    CRMLS: PW18178244

    $1,459,000

    Price

  • Listing provided courtesy of CRMLS

    ***SUPER CLEAN COSTA MESA 4 UNIT!!! LESS THAN 1.5 MILES TO THE BEACH! BRAND NEW EXTERIOR PAINT, NEW WINDOWS IN FRONT, NEW LANDSCAPE, NEWER DECKS AND RAILINGS, NEW WHITE VINYL PICKET FENCE, ALL UNITS HAVE NEW WOOD VINYL PLANK FLOORS IN THE ENTIRE UNIT, NEW PAINT, NEW BASEBOARDS, NEW WATER HEATER, DOWNSTAIRS UNITS HAVE LARGE PRIVATE PATIOS AND UPSTAIRS UNITS HAVE PRIVATE BALCONY, 4 CARPORTS AND 4 OPEN SPACES FOR PARKING, GREAT RENTAL STREET FOR FAMILY'S, 3BR ON THE STREET IS CURRENTLY ASKING $2,400 LAST WEEK! 4.5 CAP ON MARKET RENTS, CALL AGENT FOR MORE DETAILS ON THE BUILDING!! YOU MUST SEE THIS ONE!!

  • September, 2018

  • Sep 28, 2018

    Date

    Sold (Public Records)

    Public Records

    $1,459,000

    Price

  • June, 2018

  • Jun 14, 2018

    Date

    Sold

    CRMLS: OC18125798

    $1,175,000

    Price

  • Jun 5, 2018

    Date

    Pending

    CRMLS: OC18125798

    $1,150,000

    Price

  • Jun 2, 2018

    Date

    Active

    CRMLS: OC18125798

    $1,150,000

    Price

  • Listing provided courtesy of CRMLS

    Trustee Sale of Costa Mesa 4-plex with great stability. Close to shopping and bus lines. Unit # 1 is a 2 bedroom 1 bath downstairs with patio. Unit # 2 is a 3 bedroom 1 1/2 bathroom downstairs with large patio. Unit # 3 is a 2 bedroom 1 bathroom upstairs with balcony. Unit # 4 is a 3 bedroom 1 1/2 bathroom upstairs with balcony. Unit #2's electric is paid by owner. Call listing office for annual expenses. Property won't last long.

  • June, 2018

  • Jun 13, 2018

    Date

    Sold (Public Records)

    Public Records

    $1,175,000

    Price

Show More

Tax History for 771 Shalimar Dr

Assessed Value (2020): $1,444,444
Year Land Value Improved Value Assessed Value
2020 $1,300,000 $144,444 $1,444,444

Home Value Compared to the Market

This property vs the competition

771 Shalimar Dr sold on July 8, 2021 for 22.26% 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 $446.79 per/sqft which puts the price per square foot 42.94% lower than the current median sale per square foot for the city of Costa Mesa.

About 771 Shalimar Dr

Detailed summary of property

771 Shalimar Dr is a fourplex that recently sold in Costa Mesa, CA 92627. This fourplex offered 10 bedrooms, 6 bathrooms, roughly 3,749 living square feet, and sits on an approximately 7,514 square foot lot. 771 Shalimar Dr was first listed on ArdentRealEstateGroup.com on April 1, 2021. The homeowner sold the property for $1,640,000. 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 22.26% 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, 771 Shalimar Dr has a days on market of 63 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 771 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 771 Shalimar Dr

Public county record property details
Beds
--
Baths
--
Year built
1962
Sq. Ft.
3,749
Lot Size
7,514
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
15
APN
424-054-08

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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(714) 706-1823

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Recently Sold Homes Near 771 Shalimar Dr

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
791 Shalimar Dr, Costa Mesa, CA 92627
$1,700,000 Last Sold Price
10 Beds
6 Baths
3748 Sq.Ft.
791 Shalimar Dr
Costa Mesa, CA 92627
755 W 18th St, Costa Mesa, CA 92627
$15,685,000 Last Sold Price
72 Beds
36 Baths
35874 Sq.Ft.
755 W 18th St
Costa Mesa, CA 92627
767 W 18th St, Costa Mesa, CA 92627
$2,300,000 Last Sold Price
6 Beds
9 Baths
3972 Sq.Ft.
767 W 18th St
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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