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Sold for $1,560,000 on 06/08/23
  • Listing Provided by: 

    Jerry Reyes DRE #01492747 562-869-1556,

    Hoag Property Management

    Bought with: C & R Properties, inc
    $1,560,000

    712 Shalimar Dr, Costa Mesa, CA 92627

    6beds
    4baths
    3,450sqft
    Multi Family
    Built in 1962
    -- sqft lot
    $-- Zestimate®
    $452/sqft
    $4,769 Estimated rent

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    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: June 09, 2023 at 11:35am

    Listing Provided by:

    Jerry Reyes DRE #01492747 562-869-1556,

    Hoag Property Management

    Bought with:

    Ramez Malki, DRE #01730768

    C & R Properties, inc

    Source: CRMLS,MLS#: DW22170432MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 4
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 3,450
    • Total interior livable area: 3,450 sqft

    Property

    Parking
    • Total spaces: 8
    • Parking features: Driveway, Garage
    • Garage spaces: 4
    • Uncovered spaces: 4
    Features
    • Levels: Two
    • Stories: 2
    • Pool features: None
    Lot
    • Size: 6,098 sqft
    • Features: Front Yard, Lawn, Landscaped, Yard
    Details
    • Parcel number: 42405313
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • New construction: No
    • Year built: 1962

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Street Lights, Sidewalks
    Location
    • Region: Costa Mesa
    • Subdivision: ,None

    HOA & financial

    Other financial information
    • Total actual rent: 7450

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,Conventional