791 Shalimar Drive, Unit AD

Costa Mesa, CA 92627

$1,700,000
Last Sold Price
10
Beds
6
Baths
3,748 Sq. Ft.
$454 / Sq. Ft.
3,748
Sq. Ft.
$454
per Sq. Ft.

Description

Turnkey investment in high appreciation market. This 4-unit property has recently been renovated with a new roof, exterior paint electric system, windows, and security system. The interior of the 4-units have new laminate flooring, new paint and updated kitchen and bath with all new appliances. Located in central Orange County with close proximity to the beach, Triangle Square, South Coast Plaza and 17th Street Boutiques and restaurants.Turnkey investment in high appreciation market. This 4-unit property has recently been renovated with a new roof, exterior paint electric system, windows, and security system. The interior of the 4-units have new laminate flooring, new paint and updated kitchen and bath with all new appliances. Located in central Orange County with close proximity to the beach, Triangle Square, South Coast Plaza and 17th Street Boutiques and restaurants.
  1. Listed by Amin Zameni • DRE #00825621 • Brokerage DRE #01200533 • Regency Real Estate Brokers

Property Details for 791 Shalimar Drive, Unit AD

Architectural Style
Contemporary
View
Neighborhood
Parking Spaces Total
6
Private Pool
No
Cooling Type
None
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
LISTING UPDATED: 09/13/2022 06:32 AM

Property Details for 791 Shalimar Drive, Unit AD

StatusClosed
MLS #OC20119659
Days on Market281
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.17 AC / 7,405 SF
CountyOrange County

Building Information for 791 Shalimar Drive, Unit AD

Stories2Residences-Year Built1962Building Size-Lot Size0.17 AC / 7,405 SF

Property Information for 791 Shalimar Drive, Unit AD

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $8,600
  • Gross Scheduled Income: $103,500
  • Net Operating Income: $78,536
  • Cap Rate: 4.2
  • Financing: Conventional
Expense Details
  • Operating Expense: $24,964
  • New Taxes Expense: $15,086
  • Gardener Expense: $900
  • Fuel Expense: $2,050
  • Electric Expense: $434
  • Insurance Expense: $1,860
  • Trash Expense: $2,324
  • Water Sewer Expense: $2,310
  • Total Expenses: $24,964
Tax / Assessment Info
  • Tax Tract Number: 3517
  • Tax Census Tract: 636.05
  • Tax Lot: 20
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Disposal, Gas Range, Gas Cooktop, Microwave
  • Equipment: Dishwasher, Laundry Area, Microwave
  • Interior Features: Balcony, Unfurnished
  • Room Type: Family Room, Galley Kitchen, Kitchen, Main Floor Bedroom
  • Bedroom Features: Main Floor Bedroom
  • Laundry: Yes
  • Laundry Features: Common Area
  • Cooling: None
  • Heating Type: Central
  • Heating: Central
  • Flooring: Laminate
Exterior Features
  • Door Features: Sliding Doors
  • Window Features: Blinds
  • Security Features: Security System
  • Fence: Yes
  • Fence: Wood
  • Fencing: Wood
  • Property Condition: Turnkey
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Lot Features: 2-5 Units/Acre, Cul-De-Sac, Front Yard, Landscaped, Lawn, Park Nearby, Sprinkler System
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Electric: Electricity Connected, Natural Gas Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 0
  • Carport Spaces: 4
  • Parking Features: Assigned, Detached Carport
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,450
  • Unit Type Total Rent: $2,450
  • Unit Type Pro Forma: 2450
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $2,000
  • Unit Type Pro Forma: 2450
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,250
  • Unit Type Total Rent: $2,250
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,850
  • Unit Type Total Rent: $1,850
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 4
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
  • Number With Dishwasher: 4
  • Number With Range: 4
  • Number With Refrigerator: 1
  • Number With Disposal: 4

Property History for 791 Shalimar Drive, Unit AD

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 791 Shalimar Drive, Unit AD

Taxable ValueLand$1,219,609Additions$99,251Total$1,318,860
Tax Record2020$15,085 ($1,257 / month)
Home Facts
Total Finished SqFt3,748 SqFtAbove Grade Finished SqFt3,748 SqFtLot Size7,290 SqFtStyleMulti-Family Dwelling (2-4)Year Built1962CountyORANGEAPN42405403

Schools near 791 Shalimar Drive, Unit AD

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.

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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 Regency Real Estate Brokers, Amin Zameni, DRE #00825621

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.