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791 Shalimar Dr, Costa Mesa, CA 92627
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791 Shalimar Dr Costa Mesa, CA 92627

$1,700,000 Sold Price as of 05/26/2021
  • 10 Beds
  • 6 Baths
  • 3,748 Sq.Ft.
Sold
$1,700,000 Sold Price as of 05/26/2021 Refinance Your Mortgage
Map preview of 791 Shalimar Dr, Costa Mesa, CA 92627

Property Overview: 791 Shalimar Dr Costa Mesa, CA has 10 bedrooms, 6 bathrooms, 3,748 living square feet and 7,405 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Turnkey investment in high appreciation market. This 4-unit property has recently been renovated with a new roof, exterior paint electric system, windows, and security system. The interior of the 4-units have new laminate flooring, new paint and updated kitchen and bath with all new appliances. Located in central Orange County with close proximity to the beach, Triangle Square, South Coast Plaza and 17th Street Boutiques and restaurants.

Listed by Amin Zameni | BRE #00825621 | Regency Real Estate Brokers
Last checked: 4 minutes ago | Last updated: September 13th, 2022 | Source CRMLS | DOM: 281

Home details

Lot Sq. Ft
7,405
HOA Dues
$0/mo
Year built
1962
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
OC20119659
City
Costa Mesa
County
Orange
Time on Site
1414 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: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,450
  • Total Rent: $2,450
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,250
  • Total Rent: $2,250
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $2,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.2%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $103,500
  • Net Operating Income: $78,536
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $24,964
  • Electric: $434
  • Gas/Fuel: $2,050
  • New Taxes: $15,086
  • Trash: $2,324
  • Gardener: $900
  • Insurance: $1,860
  • Water/Sewer: $2,310

Property Details for 791 Shalimar Dr

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Common Area
Room Information
  • Flooring: Laminate
  • Family Room, Galley Kitchen, Kitchen, Main Floor Bedroom
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Gas Range, Gas Cooktop, Microwave
Interior Features
  • Balcony, Unfurnished
  • Levels: Two
  • Window Features: Blinds
  • Security Features: Security System
  • Door Features: Sliding Doors
Exterior Features
Exterior Information
  • Has Fence
  • Wood
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Assigned, Detached Carport
Lot Information
  • Lot Features: 2-5 Units/Acre, Cul-De-Sac, Front Yard, Landscaped, Lawn, Park Nearby, Sprinkler System
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 42405403
  • Year Built Source: Assessor
  • Architectural Style: Contemporary
  • Property is Attached
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: //
  • Directions: cross streets: 18th & Placentia
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks
View more facts & features

Local Costa Mesa Agent

Sale History for 791 Shalimar Dr

Last sold for $1,700,000 on May 26th, 2021

  • May, 2021

  • May 27, 2021

    Date

    Sold

    CRMLS: OC20119659

    $1,700,000

    Price

  • May 21, 2021

    Date

    Pending

    CRMLS: OC20119659

    $1,750,000

    Price

  • Apr 2, 2021

    Date

    Active Under Contract

    CRMLS: OC20119659

    $1,750,000

    Price

  • Apr 2, 2021

    Date

    Active

    CRMLS: OC20119659

    $1,750,000

    Price

  • Mar 30, 2021

    Date

    Active Under Contract

    CRMLS: OC20119659

    $1,750,000

    Price

  • Mar 22, 2021

    Date

    Pending

    CRMLS: OC20119659

    $1,750,000

    Price

  • Jan 6, 2021

    Date

    Active Under Contract

    CRMLS: OC20119659

    $1,750,000

    Price

  • Jun 24, 2020

    Date

    Price Change

    CRMLS: OC20119659

    $1,750,000

    Price

  • Jun 24, 2020

    Date

    Active

    CRMLS: OC20119659

    $1,725,000

    Price

  • June, 2020

  • Jun 16, 2020

    Date

    Leased

    CRMLS: OC19277877

    $1,850

    Price

  • Jun 15, 2020

    Date

    Pending

    CRMLS: OC19277877

    $1,850

    Price

  • Jun 9, 2020

    Date

    Hold

    CRMLS: OC19277877

    $1,850

    Price

  • Jun 9, 2020

    Date

    Active

    CRMLS: OC19277877

    $1,850

    Price

  • Jun 8, 2020

    Date

    Hold

    CRMLS: OC19277877

    $1,850

    Price

  • May 15, 2020

    Date

    Price Change

    CRMLS: OC19277877

    $1,850

    Price

  • Mar 19, 2020

    Date

    Price Change

    CRMLS: OC19277877

    $2,000

    Price

  • Mar 7, 2020

    Date

    Price Change

    CRMLS: OC19277877

    $2,100

    Price

  • Mar 6, 2020

    Date

    Price Change

    CRMLS: OC19277877

    $2,200

    Price

  • Mar 6, 2020

    Date

    Price Change

    CRMLS: OC19277877

    $2,100

    Price

  • Feb 14, 2020

    Date

    Price Change

    CRMLS: OC19277877

    $2,200

    Price

  • Dec 9, 2019

    Date

    Active

    CRMLS: OC19277877

    $2,300

    Price

  • Listing provided courtesy of CRMLS

    Nicely upgraded 2 bedroom and 1 bath upper unit. Has new floors, new blinds, new windows, new slider, new appliances including a microwave and recently has been painted. Patio off the living room. Close to shopping and dining. Located on a cul-de-sac street. Conveniently located assigned parking.

  • March, 2020

  • Mar 31, 2020

    Date

    Leased

    CRMLS: OC19277872

    $2,000

    Price

  • Mar 26, 2020

    Date

    Pending

    CRMLS: OC19277872

    $2,150

    Price

  • Mar 19, 2020

    Date

    Price Change

    CRMLS: OC19277872

    $2,150

    Price

  • Mar 7, 2020

    Date

    Price Change

    CRMLS: OC19277872

    $2,250

    Price

  • Mar 6, 2020

    Date

    Price Change

    CRMLS: OC19277872

    $2,350

    Price

  • Mar 6, 2020

    Date

    Price Change

    CRMLS: OC19277872

    $2,250

    Price

  • Feb 14, 2020

    Date

    Price Change

    CRMLS: OC19277872

    $2,350

    Price

  • Dec 8, 2019

    Date

    Active

    CRMLS: OC19277872

    $2,450

    Price

  • Listing provided courtesy of CRMLS

    Nicely upgraded 3 bedroom and 2 bath upper unit. Has new floors, new blinds, new windows, new slider, new appliances including a microwave and recently has been painted. Patio off the living room. Close to shopping and dining. Located on a cul-de-sac street. Conveniently located assigned parking.

  • January, 2020

  • Jan 21, 2020

    Date

    Leased

    CRMLS: OC19277851

    $2,450

    Price

  • Jan 15, 2020

    Date

    Pending

    CRMLS: OC19277851

    $2,450

    Price

  • Dec 8, 2019

    Date

    Active

    CRMLS: OC19277851

    $2,450

    Price

  • Listing provided courtesy of CRMLS

    Nicely upgraded 3 bedroom and 2 bath lower unit. Has new floors, new blinds, new windows, new slider, new appliances including a microwave and recently has been painted. Patio off the living room. Close to shopping and dining. Located on a cul-de-sac street. Conveniently located assigned parking.

  • December, 2019

  • Dec 13, 2019

    Date

    Leased

    CRMLS: OC19277822

    $2,250

    Price

  • Dec 8, 2019

    Date

    Pending

    CRMLS: OC19277822

    $2,250

    Price

  • Dec 8, 2019

    Date

    Active

    CRMLS: OC19277822

    $2,250

    Price

  • Listing provided courtesy of CRMLS

    Nicely upgraded 2 bedroom and 1 bath lower unit. Has newer floors, newer blinds, newer windows and newer slider, newer appliances including a microwave and recently has been painted. Patio off the living room. Close to shopping and dining. Located on a cul-de-sac street. Conveniently located assigned parking.

  • February, 2019

  • Feb 18, 2019

    Date

    Sold

    CRMLS: SB18256725

    $1,293,000

    Price

  • Feb 6, 2019

    Date

    Pending

    CRMLS: SB18256725

    $1,425,000

    Price

  • Jan 15, 2019

    Date

    Active Under Contract

    CRMLS: SB18256725

    $1,425,000

    Price

  • Jan 9, 2019

    Date

    Active

    CRMLS: SB18256725

    $1,425,000

    Price

  • Listing provided courtesy of CRMLS

    Great multifamily opportunity ideally located in central Orange County with close proximity to the beach, The Triangle, South Coast Plaza and 17th Street boutiques and restaurants. This high demand area is perfect for an investor motivated to acquire in a strong rental market like Costa Mesa. This property is comprised of two 3 bed/1.5 bath units and two 2 bed/ 1 bath units each with a private patio or balcony. The building also provides 4 covered carport parking spots which are off the street towards the back of the property. Two additional parking spots are adjacent to tenant parking and available for guests. Nearby is a neighborhood park to enjoy. Don't miss this shining opportunity.

  • February, 2019

  • Feb 13, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,293,000

    Price

  • May, 2013

  • May 10, 2013

    Date

    Sold (Public Records)

    Public Records

    $935,000

    Price

Show More

Tax History for 791 Shalimar Dr

Assessed Value (2020): $1,022,137
Year Land Value Improved Value Assessed Value
2020 $551,954 $470,183 $1,022,137

Home Value Compared to the Market

This property vs the competition

791 Shalimar Dr sold on May 26, 2021 for 27.74% 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 $466.92 per/sqft which puts the price per square foot 40.37% lower than the current median sale per square foot for the city of Costa Mesa.

About 791 Shalimar Dr

Detailed summary of property

791 Shalimar Dr is a fourplex that recently sold in Costa Mesa, CA 92627. This fourplex offered 10 bedrooms, 6 bathrooms, roughly 3,748 living square feet, and sits on an approximately 7,405 square foot lot. 791 Shalimar Dr was first listed on ArdentRealEstateGroup.com on July 4, 2020. The homeowner sold the property for $1,700,000. 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 27.74% higher than the current median priced home. Local homes that are currently for sale include 357 Mermaid St, 938 S Gilbuck Dr and 1210 S Athena Way. While the average home in Costa Mesa, CA is selling in 32 days, 791 Shalimar Dr has a days on market of 281 days. There are currently 116 homes for sale in the Costa Mesa real estate market and 92 of them are single family homes while 8 of them are condos and 16 are townhomes. For more information on this home for sale at 791 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 791 Shalimar Dr

Public county record property details
Beds
--
Baths
--
Year built
1962
Sq. Ft.
3,748
Lot Size
7,277
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
20
APN
424-054-03

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
$1,495,000
Median List Price/Sq.Ft.
$869
Median Sold Price
$1,500,000
Median Sold Price/Sq.Ft.
$788
Total Inventory
66
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 791 Shalimar Dr

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
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

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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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