NOT LISTED FOR SALE

741 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 May 24, 2021

Last sale price $1,525,000 $446 Per Sq Ft

98 Days on Market

Highlights

  • Laundry Room
  • Central Heating
  • 4 Car Garage
  • Horace Ensign Intermediate School Rated A

About This Home

As of May 2021

Beautiful 4-plex investment property for sale located in the heart of Costa Mesa. Minutes from the Beach and close to the 55frwy giving you access to all major freeways. Upper floors have great views of the city, and all Units have garages. Each Unit has been completely remodeled and are absolutely beautiful. All Units are rented at market rent. Don't miss this opportunity to own this great investment property. The twin of this Property at 745 Shalimar just sold recently and so we do not expect this opportunity to be available much longer.

Last Agent to Sell the Property

Jeff Cardona

Huntington West Prop. License #02048435 Listed on: 01/11/2021

Co-Listed By

Dave Lewis

Huntington West Prop. License #00578709

Last Buyer's Agent

Jeff Cardona

Huntington West Prop. License #02048435 Listed on: 01/11/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 6,534 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard Sprinklers
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • 1 Open Parking Space
  • Parking Available

Home Design

  • Property Attached

Interior Spaces

  • 3,423 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 42
  • Tax Tract Number 3102
  • Assessor Parcel Number 42405413

Community Details

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $756
  • Insurance Expense $816
  • Trash Expense $4,255
  • Water Sewer Expense $3,336
  • New Taxes Expense $2,261
  • Operating Expense $16,252
  • Net Operating Income $74,948

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3336.00
  • Property Type: Residential Income
  • Parcel Number: 42405413
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 445.52

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 4255.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Sprinklers In Front
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 755.74
  • Gross Scheduled Income: 91200.00
  • Insurance Expense: 816.00
  • Lot Size Area: 6534.0000 Square Feet
  • Net Operating Income: 74948.00
  • 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
  • Operating Expense: 16252.00
  • Rent Control: No
  • Total Expenses: 16252.23

Tax Info

  • New Taxes Expense: 2261.00
  • Tax Lot: 42
  • Tax Tract Number: 3102

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
05/24/2021 05/24/21 Sold $1,525,000 0.0% $446 / Sq Ft
01/11/2021 01/11/21 For Sale $1,525,000 -- $446 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jeff Cardona

    Huntington West Prop.

    (714) 891-1522

    3 in this area

    7 Total Sales

    Section Image

  • D

    Seller Co-Listing Agent in 2021

    Dave Lewis

    Huntington West Prop.

    (760) 360-2300

    2 in this area

    10 Total Sales

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21005941

California Regional Multiple Listing Service (CRMLS)

APN: 424-054-13

California Orange County Costa Mesa 92627 Westside Costa Mesa

741 Shalimar Dr, Costa Mesa, CA

This home is located at 741 Shalimar Dr, Costa Mesa, CA 92627 since 11 January 2021. This property was built in 1962. 741 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