778 Shalimar Drive

Costa Mesa, CA 92627

$1,750,000
Price
2
Beds
4
Baths
3,390 Sq. Ft.
$516 / Sq. Ft.
3,390
Sq. Ft.
$516
per Sq. Ft.

Description

Less than two miles to the ocean, 4 plex directly facing a city park. All long term tenants in 100% 2 bed layouts. Street was closed off to through traffic and is in an opportunity zone. Bread and butter units always full. Walking distance to everything.Less than two miles to the ocean, 4 plex directly facing a city park. All long term tenants in 100% 2 bed layouts. Street was closed off to through traffic and is in an opportunity zone. Bread and butter units always full. Walking distance to everything.
  1. Listed by Matthew Hoyt • DRE #01426139 • Brokerage DRE #01948246 • Hoyt Real Estate, Inc. • 949-283-1696

Property Details for 778 Shalimar Drive

Parking Spaces Total
0
Private Pool
No
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
3390
Assessor Parcel Number
424-051-23
Property Attached YN
false
LISTING UPDATED: 06/14/2024 03:12 PM

Property Details for 778 Shalimar Drive

StatusActive
MLS #PW24104809
Days on Market181
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1961
Lot Size0.16 AC / 6,970 SF
CountyOrange County

Building Information for 778 Shalimar Drive

Stories2Residences-Year Built1961Building Size-Lot Size0.16 AC / 6,970 SF

Property Information for 778 Shalimar Drive

Income / Expense / Tax Details
Income Details
  • Gross Income: $100,608
  • Gross Scheduled Income: $100,608
  • Net Operating Income: $70,267
Expense Details
  • Operating Expense: $30,341
  • Gardener Expense: $600
  • Fuel Expense: $1,200
  • Electric Expense: $600
  • Insurance Expense: $1,356
  • Trash Expense: $2,400
  • Water Sewer Expense: $3,600
  • Total Expenses: $30,341
Tax / Assessment Info
  • Tax Tract Number: 3517
  • Tax Census Tract: 636.05
  • CFD/Mello-Roos Fee: $2,884
  • Tax Lot: 5
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,096
  • Unit Type Total Rent: $8,384
  • Unit Type Pro Forma: 10780
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 778 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 778 Shalimar Drive

Taxable ValueLand$725,771Additions$96,805Total$822,576
Tax Record2024$11,835 ($986 / month)
Home Facts
Total Finished SqFt3,390 SqFtAbove Grade Finished SqFt3,390 SqFtStories2Lot Size7,078 SqFtStyleQuadraplexYear Built1961CountyORANGEAPN424-051-23

Schools near 778 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

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778 Shalimar Drive is a multi-family home for sale in Costa Mesa, CA 92627. This property was listed for sale on May 23, 2024 by Hoyt Real Estate, Inc., it's currently listed at $1,750,000. It has been on the market for a total of 181 days and was last sold on August 17, 2005. 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. 778 Shalimar Drive is a 2-bed, 4-bath, 3,390 sqft multi-family home built in 1961.

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 Hoyt Real Estate, Inc., Matthew Hoyt, DRE #01426139

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.