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778 Shalimar Dr, Costa Mesa, CA 92627
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778 Shalimar Dr Costa Mesa, CA 92627

$1,750,000
  • 8 Beds
  • 4 Baths
  • 3,390 Sq.Ft.
For Sale
$1,750,000 Get Pre-Qualified
Map preview of 778 Shalimar Dr, Costa Mesa, CA 92627

Property Overview: 778 Shalimar Dr Costa Mesa, CA has 8 bedrooms, 4 bathrooms, 3,390 living square feet and 6,970 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Less than two miles to the ocean, 4 plex directly facing a city park. All long term tenants in 100% 2 bed layouts. Street was closed off to through traffic and is in an opportunity zone. Bread and butter units always full. Walking distance to everything.

Listed by Matthew Hoyt | BRE #01426139 | Hoyt Real Estate, Inc.
Last checked: 13 minutes ago | Last updated: June 15th, 2024 | Source CRMLS | DOM: 111
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Home details

Lot Sq. Ft
6,970
HOA Dues
$0/mo
Year built
1961
Garage
--
Property Type:
Fourplex
Status
Active
MLS#
PW24104809
City
Costa Mesa
County
Orange
Time on Site
118 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: 4
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,096
  • Total Rent: $8,384
  • Pro Forma/Market Rent: $10,780
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $100,608
  • Net Operating Income: $70,267
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $30,341
  • Electric: $600
  • Gas/Fuel: $1,200
  • Trash: $2,400
  • Gardener: $600
  • Insurance: $1,356
  • Water/Sewer: $3,600

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Property Details for 778 Shalimar Dr

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 42405123
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: None
  • Directions: James to Shalimar
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Costa Mesa Agent

Sale History for 778 Shalimar Dr

Last sold on June 4th, 2015

  • May, 2024

  • May 23, 2024

    Date

    Active

    CRMLS: PW24104809

    $1,850,000

    Price

  • December, 2023

  • Dec 17, 2023

    Date

    Canceled

    CRMLS: PW23070703

    $1,725,000

    Price

  • Jun 25, 2023

    Date

    Active

    CRMLS: PW23070703

    $1,750,000

    Price

  • Listing provided courtesy of CRMLS

    Less than two miles to the ocean, 4 plex directly facing a city park. All long term tenants in 100% 2 bed layout. Street was closed off to through traffic and is in an opportunity zone. Bread and butter units always full. Walking distance to everything.

  • October, 2022

  • Oct 17, 2022

    Date

    Canceled

    CRMLS: PW22131396

    $1,725,000

    Price

  • Jun 16, 2022

    Date

    Active

    CRMLS: PW22131396

    $1,725,000

    Price

  • Listing provided courtesy of CRMLS

    Less than two miles to the ocean, 4 plex directly facing a city park. All long term tenants in 100% 2 bed layout. Street was closed off to through traffic and is in an opportunity zone. Bread and butter units always full. Walking distance to everything.

  • July, 2021

  • Jul 28, 2021

    Date

    Canceled

    CRMLS: PW21113326

    $1,500,000

    Price

  • Jun 11, 2021

    Date

    Price Change

    CRMLS: PW21113326

    $1,500,000

    Price

  • May 26, 2021

    Date

    Active

    CRMLS: PW21113326

    $1,575,000

    Price

  • Listing provided courtesy of CRMLS

    Less than two miles to the ocean, 4 plex directly facing a city park. All long term tenants in 100% 2 bed layout. Street was closed off to through traffic and is in an opportunity zone. Bread and butter units always full. Walking distance to everything.

  • January, 2021

  • Jan 7, 2021

    Date

    Canceled

    CRMLS: PW20238799

    $1,375,000

    Price

  • Nov 12, 2020

    Date

    Active

    CRMLS: PW20238799

    $1,375,000

    Price

  • Listing provided courtesy of CRMLS

    Less than two miles to the ocean, 4 plex directly facing a city park. All long term tenants in 100% 2 bed layout. Street was closed off to through traffic and is in an opportunity zone. Bread and butter units always full. Walking distance to everything.

  • June, 2015

  • Jun 4, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • March, 2014

  • Mar 27, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 778 Shalimar Dr

Assessed Value (2020): $745,647
Year Land Value Improved Value Assessed Value
2020 $663,626 $82,021 $745,647

Home Value Compared to the Market

This property vs the competition

778 Shalimar Dr is listed 16.74% higher than the median list price for the city of Costa Mesa which has a median list price of $1,499,000. The median price per/sqft for Costa Mesa is $794 and this home is listed at $516.22 per/sqft which puts the price per square foot 34.98% lower than the median price per square foot for the city of Costa Mesa.

About 778 Shalimar Dr

Detailed summary of property

778 Shalimar Dr is a fourplex located in Costa Mesa, CA 92627 and is currently for sale. This fourplex offers 8 bedrooms, 4 bathrooms, roughly 3,390 living square feet, and sits on an approximately 6,970 square foot lot. 778 Shalimar Dr was first listed on ArdentRealEstateGroup.com on May 23, 2024. The homeowner is currently asking $1,750,000 and was originally asking $1,850,000. The median priced home in Costa Mesa is $1,499,000 with a median price per square foot of $794. Based on Ardent Real Estate Group's Costa Mesa Market Data, this home is listed 16.74% higher than the median priced home. Local competing homes currently for sale include 6172 Warner Ave, 10692 Frances and 7161 Main St. While the average home in Costa Mesa, CA is selling in 43 days, 778 Shalimar Dr has a days on market of 111 days. There are currently 148 homes for sale in the Costa Mesa real estate market and 110 of them are single family homes while 21 of them are condos and 17 are townhomes. For more information on this home for sale at 778 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 778 Shalimar Dr

Public county record property details
Beds
--
Baths
--
Year built
1961
Sq. Ft.
3,390
Lot Size
6,533
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
5
APN
424-051-23

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
$1,420,000
Median List Price/Sq.Ft.
$825
Median Sold Price
$1,070,000
Median Sold Price/Sq.Ft.
$855
Total Inventory
84
Median Sale to List Price %
99.17%
Avg Days on Market
20
Loan Type
Conventional (66.67%), FHA (0%), VA (0%), Cash (5.56%), Other (22.22%)

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Costa Mesa Agent
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(714) 706-1823
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Recently Sold Homes Near 778 Shalimar Dr

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
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
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
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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