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Listing 10 out of 500
Sold for $1,293,000 Sold

791 Shalimar Drive
Costa Mesa, CA 92627

4 units | Multi Family Home
7292 sq ft lot - MLS# SB18256725
Property Photo

Sold

Sold for $1,293,000 on Feb 14, 2019

Description

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.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Closed
  • Listing Price: $1,425,000
  • Zip Code: 92627
  • Year Built: 1962
  • Stories: Two
  • Units: 4 units
  • # of Parking Spaces: 6.00
  • Lot Size: 7292 sq ft lot
  • View: Neighborhood, Yes
  • Area: C2 - Southwest Costa Mesa
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 3748.00
  • Building Area Units: Square Feet
  • Cap Rate: 4.60
  • Carport Spaces: 4.00
  • Common Walls: 2+ Common Walls
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Suburban
  • Country: US
  • Directions: cross streets: 18th Place & Placentia
  • Door Features: Sliding Doors
  • Gross Income: 93258.00
  • Gross Multiplier: 15.13
  • Gross Operating Income: 93258.00
  • Gross Scheduled Income: 94200.00
  • Insurance Expense: 2025.00
  • Laundry Features: Community, Individual Room
  • Laundry YN: Yes
  • Listing Agent License: 00958114
  • Listing Office License: 01968431
  • Lot Features: Cul-De-Sac, Front Yard, Lawn, Lot 6500-9999, Rectangular Lot, Park Nearby
  • Lot Size Area: 7290.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Maintenance Expense: 3100.00
  • Net Operating Income: 66025.00
  • New Taxes Expense: 14974.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Operating Expense: 27233.00
  • Operating Expense Percent: 28.90
  • Other Expense: 5945.00
  • Other Expense Description: Utilitie
  • Parking Features: Assigned, Carport, Detached Carport, Off Street
  • Parking YN: Yes
  • Property Attached YN: Yes
  • Room Type: Kitchen, Living Room, Main Floor Bedroom
  • Selling Agent: Amin Zameni
  • Selling Agent License: 00825621
  • Selling Office: Regency Real Estate Brokers
  • Selling Office License: 01200533
  • Sewer: Public Sewer
  • Stories Total: 2
  • Total Actual Rent: 7700.00
  • Total Expenses: 27233.00
  • Uncovered Spaces: 2.00
  • Water Source: Public
  • Year Built Source: Assessor
  • Sold Price: 1293000.00
  • Sold Date: 2019-02-14
Courtesy of Strand Hill Christies International Real Estate, Edward Kaminsky

Agent Mary Lou Skowronski
Mary Lou Skowronski DRE: 01398486 / Broker DRE: 01317331
Berkshire Hathaway HomeServices California Properties
1400 Newport Center Drive, #200 - Newport Beach, CA 92660

© “2018” BHH Affiliates, LLC. An independently operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway affiliate,and a franchisee of  BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of  America, Inc.® Equal Housing Opportunity. Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC.  BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property,  Information obtained from various sources and will not be verified by broker or MLS. 

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Designations Ranks Agent Mary Lou Skowronski in the
Top 7% of Realtors Nationwide!
NABPOP BPO Certified Property Valuator, CPRES Certified Probate/Trust Real Estate Specialist, Investor Certified Realtor, ePRO – Internet Marketing Professional, 
Luxury Property Specialist, AREAA – Asian Real Estate Association of America, Designer and Accredited Home Staging Specialist,
REO and Short Sale Specialist, PSC Mastery HAFA Foreclosure Prevention Counselor

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