712 Shalimar Drive, Costa Mesa, CA 92627

About this property

712 Shalimar is a 4Unit complex, located Westside Costa Mesa, minutes to Newport Beach and Triangle Square. Gross Annual Income is at $90,900 with solid tenants. 712 Shalimar offers an opportunity to acquire a well-maintained property with upside potential in rental income. The property consists of one building on a decent lot at 6,120 square foot lot. There are four units total, two of which are two-bedroom/one-bathroom units and two of which are one-bedroom/one-bathroom units. The property has been very well-maintained and is fully occupied by long-term tenants. Rents are slightly below market and there is upside potential in increasing rents to market levels. The property is located in a great Westside Costa Mesa location, just minutes away to Newport Beach and Triangle Square Shopping Center. This is an ideal investment opportunity for an investor looking for a turnkey property with solid rental income and upside potential in the future.

Listing description from the June 2023 sale, as reported to CRMLS.

Sale history

$1,560,000

Sold June 2023 · listed $1,699,000, orig. $1,780,000, on market August 2022 · MLS #DW22170432 · Source: CRMLS

Listing Agent: Jerry Reyes · Listing Office: Hoag Property Management · Contact: 562-869-1556 · Bought with: Ramez Malki · C & R Properties, inc

$1,420,000

Sold September 2020 · on market June 2020 · MLS #NP20109933 · Source: CRMLS

Listing Agent: Andre White · Listing Office: Compass · Contact: 949-438-4340 · Bought with: Jerry Reyes · Hoag Property Management

$810,000

Sold May 2013 · listed $815,000, on market March 2013 · MLS #LG13040712 · Source: CRMLS

Listing Agent: Lily Labash · Listing Office: Barnes Realty Group · Contact: 949-584-2228 · Bought with: Andre White · HOM Sotheby's International Re

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