Seller's Agent in 2023
Jerry Reyes
Hoag Property Management
(714) 376-2601
1 in this area
21 Total Sales
712 Shalimar Dr Costa Mesa, CA 92627
Westside Costa Mesa Neighborhood
6
Beds
4
Baths
3,450
Sq Ft
6,098
Sq Ft Lot
Highlights
- Private Yard
- No HOA
- Landscaped
- Horace Ensign Intermediate School Rated A
- Laundry Room
- 4 Car Garage
About This Home
As of June 2023712 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.
Last Agent to Sell the Property
Hoag Property Management License #01492747 Listed on: 08/02/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- 6,098 Sq Ft Lot
- No Common Walls
- Landscaped
- Private Yard
- Lawn
- Front Yard
Parking
- 4 Car Garage
- 4 Open Parking Spaces
- Parking Available
- Driveway
Interior Spaces
- 3,450 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 33
- Tax Tract Number 3102
- Assessor Parcel Number 42405313
- $2,241 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $900
- Gardener Expense $1,800
- Insurance Expense $1,800
- Professional Management Expense $3,970
- Trash Expense $1,200
- Water Sewer Expense $1,200
- Operating Expense $10,870
- Gross Income $90,900
- Net Operating Income $84,830
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/08/2023 06/08/23 | Sold | $1,560,000 | -8.2% | $452 / Sq Ft | |
| 05/18/2023 05/18/23 | Pending | -- | -- | -- | |
| 05/12/2023 05/12/23 | For Sale | $1,699,000 | +8.9% | $492 / Sq Ft | |
| 05/11/2023 05/11/23 | Off Market | $1,560,000 | -- | -- | |
| 03/31/2023 03/31/23 | Price Changed | $1,699,000 | -1.7% | $492 / Sq Ft | |
| 02/07/2023 02/07/23 | For Sale | $1,729,000 | +10.8% | $501 / Sq Ft | |
| 01/31/2023 01/31/23 | Off Market | $1,560,000 | -- | -- | |
| 01/23/2023 01/23/23 | Pending | -- | -- | -- | |
| 09/02/2022 09/02/22 | Price Changed | $1,729,000 | -2.9% | $501 / Sq Ft | |
| 08/02/2022 08/02/22 | For Sale | $1,780,000 | +25.4% | $516 / Sq Ft | |
| 09/12/2020 09/12/20 | Sold | $1,420,000 | 0.0% | $412 / Sq Ft | View Prior Sale |
| 06/11/2020 06/11/20 | For Sale | $1,420,000 | +75.3% | $412 / Sq Ft | |
| 05/29/2013 05/29/13 | Sold | $810,000 | -0.6% | $235 / Sq Ft | View Prior Sale |
| 05/09/2013 05/09/13 | Pending | -- | -- | -- | |
| 03/11/2013 03/11/13 | For Sale | $815,000 | -- | $236 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $19,923 | $1,623,024 | $1,476,320 | $146,704 |
| 2024 | $19,923 | $1,591,200 | $1,447,372 | $143,828 |
| 2023 | $18,120 | $1,453,438 | $1,321,308 | $132,130 |
| 2022 | $17,518 | $1,424,940 | $1,295,400 | $129,540 |
| 2021 | $16,939 | $1,397,000 | $1,270,000 | $127,000 |
| 2020 | $11,765 | $912,044 | $789,595 | $122,449 |
| 2019 | $11,500 | $894,161 | $774,112 | $120,049 |
| 2018 | $11,265 | $876,629 | $758,933 | $117,696 |
| 2017 | $11,088 | $859,441 | $744,052 | $115,389 |
| 2016 | $10,868 | $842,590 | $729,463 | $113,127 |
| 2015 | $10,766 | $829,934 | $718,506 | $111,428 |
| 2014 | $10,536 | $813,677 | $704,431 | $109,246 |
Source: Public Records
Agents Affiliated with this Home
-
Jerry Reyes
-
Ramez Malki
Buyer's Agent in 2023
Ramez Malki
C&R Properties
(310) 266-3678
1 in this area
28 Total Sales
-
Andre White
Seller's Agent in 2020
Andre White
Pacific Sotheby's Int'l Realty
(949) 378-9653
34 Total Sales
-
Kathryn White
K
Seller Co-Listing Agent in 2020
Kathryn White
Coldwell Banker Realty
(949) 433-0315
19 Total Sales
-
Lily Labash
Seller's Agent in 2013
Lily Labash
Barnes Realty Group
(949) 307-8527
2 in this area
3 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW22170432
APN: 424-053-13
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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