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.
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
Owner options
What's special
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#: DW22170432
Originating 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