Listed by Jerry Reyes, Hoag Property Management,

712 Shalimar Drive

Costa Mesa, CA, 92627

$1,729,000

$501 per ft²
$1,729,000
$501 per ft²
Active
Active
 - For Sale
carpenters-square
3,450 ft²
property_type
Multi-family
calendar
Built 1962
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.
MLS® ID:
DW22170432
Listed:
7/31/22
Updated:
2/7/23

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Common Area

Exterior/Building Features

Lot Size
6,098 ft² lot
Lot Details
Front Yard, Lawn, Landscaped, Yard
Sewer
Public Sewer

Other Property Details

Area Name
C2 - Southwest Costa Mesa
Association Amenities
Street Lights, Sidewalks
Garage
Yes
Garage Spaces
4
Parking
Driveway, Garage
Parking Total
8.0
View
N
County
Orange
Water Source
Public
Pool
No
Pool Description
None
Total Stories
2
Buyer Agency Compensation
2.000

Property History

Date
Event
Price
Value
2/7/23
Active
-
-
2/1/23
Pending
-
-
9/2/22
Price Change
$1,729,000
-2%

Listed by Hoag Property Management, Jerry Reyes,
Listing Contact:  

Based on information from California Regional Multiple Listing Service, Inc. as of 2/7/23. 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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Data last updated 8:31 PM UTC, 2/7/23

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