741 Shalimar Drive

Costa Mesa, CA 92627

$1,525,000
Price
Beds
3,423 Sq. Ft.
$446 / Sq. Ft.
3,423
Sq. Ft.
$446
per Sq. Ft.

Description

Beautiful 4 plex for sale. This Complex is located in the heart of Costa Mesa. Located minutes from the Beach and close to the 55 frwy giving you access to all major freeways. Upper floors have great views of the city. Units are in the process of being completely remodeled and are absolutely beautiful. Don't miss this opportunity to own this great investment property. This property can be sold alone or together with the next building located on 745 Shalimar Dr.Beautiful 4 plex for sale. This Complex is located in the heart of Costa Mesa. Located minutes from the Beach and close to the 55 frwy giving you access to all major freeways. Upper floors have great views of the city. Units are in the process of being completely remodeled and are absolutely beautiful. Don't miss this opportunity to own this great investment property. This property can be sold alone or together with the next building located on 745 Shalimar Dr.
  1. Listed by Jose Uribe • DRE #01875140 • Brokerage DRE #01216849 • Huntington West Prop.

Property Details for 741 Shalimar Drive

Parking Spaces Total
5
Private Pool
No
Cooling Type
N/K
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3423
Assessor Parcel Number
424-054-13
LISTING UPDATED: 06/11/2020 03:14 AM

Property Details for 741 Shalimar Drive

StatusActive
MLS #PW20110678
Days on Market1627
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.15 AC / 6,534 SF
CountyOrange County

Building Information for 741 Shalimar Drive

Stories2Residences-Year Built1962Building Size-Lot Size0.15 AC / 6,534 SF

Property Information for 741 Shalimar Drive

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $91,200
  • Net Operating Income: $74,948
Expense Details
  • Operating Expense: $16,252
  • New Taxes Expense: $2,261
  • Electric Expense: $756
  • Insurance Expense: $816
  • Trash Expense: $4,255
  • Water Sewer Expense: $3,336
  • Total Expenses: $16,252
Tax / Assessment Info
  • Tax Tract Number: 3102
  • Tax Lot: 42
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Cooling: None
  • Heating: Central
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre, Sprinklers In Front
  • Land Use: Multi-Family
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Sprinklers: Yes
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Uncovered Spaces: 1
  • Open Other Spaces Total: 1
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Property / Structure Info
  • Building Status: Existing
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $2,200
  • Unit Type Pro Forma: 1700
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,800
  • Unit Type Total Rent: $1,950
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 741 Shalimar Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 741 Shalimar Drive

Taxable ValueLand$1,379,571Additions$238,771Total$1,618,342
Tax Record2024$18,893 ($1,574 / month)
Home Facts
Total Finished SqFt3,423 SqFtAbove Grade Finished SqFt3,423 SqFtStories2Lot Size6,451 SqFtStyleQuadraplexYear Built1962CountyORANGEAPN424-054-13

Schools near 741 Shalimar Drive

This home is within Newport-Mesa Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Whittier Elementary School
PublicK to 6

Horace Ensign Intermediate School
Public7 to 8

Newport Harbor High School
Public9 to 12

Monte Vista High School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

741 Shalimar Drive is a multi-family home for sale in Costa Mesa, CA 92627. This property was listed for sale on June 1, 2020 by Huntington West Prop., it's currently listed at $1,525,000. It has been on the market for a total of 1627 days and was last sold on May 24, 2021. This listing's school district is Newport-Mesa Unified School District. Nearby schools include Whittier Elementary School, Horace Ensign Intermediate School and Newport Harbor High School. 741 Shalimar Drive is a 0-bed, 0-bath, 3,423 sqft multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Huntington West Prop., Jose Uribe, DRE #01875140

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.