NOT LISTED FOR SALE

725 Shalimar Dr Costa Mesa, CA 92627

Westside Costa Mesa Neighborhood
3 Beds
2 Baths
3,423 Sq Ft
6,534 Sq Ft Lot

Last Sold July 17, 2013

Last sale price $810,000 $237 Per Sq Ft

59 Days on Market

About This Home

As of July 2013

Bread & Butter property offering great rental income. This 4-PLEX is in excellent condition with all 4 Units occupied with long term tenants. Total Monthly Income is $5,000.00.

Last Agent to Sell the Property

Akram Diab

Platinum Financial Services License #01357322 Listed on: 04/15/2013

Last Buyer's Agent

Akram Diab

Platinum Financial Services License #01357322 Listed on: 04/15/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,565

Year Built

  • Built in 1961

Lot Details

  • 6,534 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 6 Car Garage
  • 6 Open Parking Spaces
  • Public Parking
  • Parking Available
  • Rear-Facing Garage
  • Two Garage Doors
  • Shared Driveway
  • Parking Lot

Home Design

  • 3,423 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Exterior Lighting
  • Urban Location
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 42405416

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $588
  • Fuel Expense $576
  • Gardener Expense $600
  • Insurance Expense $1,164
  • Trash Expense $3,540
  • Water Sewer Expense $3,300
  • New Taxes Expense $9,225
  • Operating Expense $18,993
  • Gross Income $5,000
  • Net Operating Income $41,007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,565

Year Built

Built in 1961

Lot Details

0

Parking

6

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3300.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 42405416
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 236.63

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Asphalt, Concrete, Driveway, Garage, On Site, Public, Parking Space, Garage Faces Rear, Garage - Single Door, Shared Driveway, Garage - Two Door
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Sewer: Sewer Paid
  • Trash Expense: 3540.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Storm Drains, Urban

Lot Info

  • Additional Parcels: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 588.00
  • Fuel Expense: 576.00
  • Gross Income: 5000.00
  • Gross Operating Income: 60000.00
  • Gross Scheduled Income: 5000.00
  • Insurance Expense: 1164.00
  • Lot Size Area: 6534.0000 Square Feet
  • Net Operating Income: 41007.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Patio: 4
  • Operating Expense: 18993.00
  • Rent Control: No
  • Total Actual Rent: 5000.00
  • Total Expenses: 18993.00

Tax Info

  • New Taxes Expense: 9225.00
  • Tax Annual Amount: 8565.00
  • Tax Year: 2011

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2013 07/17/13 Sold $810,000 -1.2% $237 / Sq Ft
06/13/2013 06/13/13 Pending -- -- --
04/15/2013 04/15/13 For Sale $819,900 -- $240 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2013

    Akram Diab

    Platinum Financial Services

    (714) 401-0849

    5 Total Sales

    Akram Diab
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC13067032

California Regional Multiple Listing Service (CRMLS)

APN: 424-054-16

California Orange County Costa Mesa 92627 Westside Costa Mesa

725 Shalimar Dr, Costa Mesa, CA

This home is located at 725 Shalimar Dr, Costa Mesa, CA 92627 since 15 April 2013. This property was built in 1961. 725 Shalimar Dr is a home located in Orange County with nearby schools including Whittier Elementary School, Horace Ensign Intermediate School, and Newport Harbor High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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

Nearby Homes