$1,750,000

Estimated payment $11,332/month

Total Views 2,391
10 Beds
5 Baths
3,748 Sq Ft
$467 Price per Sq Ft

About This Home

795 Shalimar Drive is a 4-unit multifamily investment opportunity located in an opportunity zone in Costa Mesa. Featuring spacious two- & three-bedroom floorplans with upside potential, this fourplex is currently the lowest priced fourplex in they city. A new buyer can acquire the property with a 30-year fixed rate loan. The property offers residents covered parking spaces and an on-site laundry facility.

Listing Agent

Mike O’Neill

CB Richard Ellis, Inc. License #02036937 Listed on: 04/04/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 7,290 Sq Ft Lot
  • Lot Dimensions are 54x135

Interior Spaces

  • 3,748 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Parking

  • 5 Parking Spaces
  • 5 Covered Spaces
  • Covered Parking

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 424-054-02

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 3748
  • Lot Acreage: 0.1700
  • Lot Dimensions: 54x135
  • Stories: 2
  • Year Built: 1962
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Total Bathrooms: 5.00
  • Price Per S Q F T: 466.92

Exterior Features

  • Other Structures: None

Garage/Parking

  • Covered Parking: 5
  • Parking Garage: Covered Parking
  • Total Parking: 5

Lot Info

  • Assessed Improvement Percent: 11.32
  • Assessed Improvement Value: 123932
  • Assessed Land Percent: 88.68
  • Assessed Land Value: 970661
  • Total Assessed Value: 1094593
  • Assessor Parcel Number: 424-054-02
  • Lot Size Area: 7290

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 15.48
  • Number Of Units: 4
  • Total Annual Expense: 39731
  • Type Of Units: Apartments
  • Vacancy Rate: 3%

Map

Range of Values:

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Average Value
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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
04/04/2025 04/04/25 For Sale $1,750,000 -- $467 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25521333

The MLS

APN: 424-054-02