778 Shalimar Drive Costa Mesa, CA ^$ 1,750,000

778 Shalimar Drive

^$ 1,750,000

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778 Shalimar Drive

Costa Mesa, CA, 92627

^$ 1,750,000

Bedrooms8 Baths1.0 Sq 3,390

Monthly Estimate*

^$ 11,631

Listed by Hoyt Real Estate, Inc.

778 Shalimar Drive, Costa Mesa, CA 92627 - Image 1

778 Shalimar Drive, Costa Mesa, CA 92627 - Image 2

778 Shalimar Drive, Costa Mesa, CA 92627 - Image 3

778 Shalimar Drive, Costa Mesa, CA 92627 - Image 4

Multi-Family Home for sale in Costa Mesa, CA

for $1,750,000 with 8 bedrooms and 1 full bath. This 3,390 square foot home was built in 1961 on a lot size of 0.16.

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.

Multi-Family Active

Price

^$ 1,750,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Quadruplex

Lot Size

0.16

Year Built

1961

Town/City

Costa Mesa

County/Region

Orange

MLS | Web ID

PW24104809

Days on Market

Features

General

Sewer PublicSewer

Garage Spaces 0.0

Pool Features None

Year Built 1961

Stories 2

Levels Two

Property SubType Quadruplex

Gross Income 100608.0

Community Features Urban

County Orange

Net Operating Income 70267.0

Operating Expense 30341.0

Insurance Expense 1356.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Subdivision Name None

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions James to Shalimar

City Costa Mesa

Entry Location 1

View Y/N N

Senior Community Y/N N

NumberOfUnitsTotal 4

MLS Area C2 - Southwest Costa Mesa

Lot Size Units SquareFeet

Lot Size Square Feet 6970.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Listing Terms Cash CashtoNewLoan Item1031Exchange

Property Attached Y/N N

Land Lease Y/N N

Electric Expense 600.0

Home Warranty Y/N N

Fuel Expense 1200.0

Trash Expense 2400.0

Water Sewer Expense 3600.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 22

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 5

Property Sub Type Additional Quadruplex

Exterior

Lot Features Item610UnitsAcre

Water Source Public

Total Parking 0.0

Lot Size Area 6970.0

Number of Buildings 1

Spa N

Building Area Total 3390.0

Lot Size Acres 0.16

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 5

Number of Separate Electric Meters 5

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls NoCommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Laundry Features CommonArea

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 778

* Excluded Features

List By

Hoyt Real Estate, Inc.

Broker

(949) 619-6159

Phone

Affordability Calculator

$11,631

Per Month

Monthly Principal & Interest: $11,631
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Costa Mesa, CA

Average List Price ^$2,936,167

Percent of Sale Price 68%

About Costa Mesa, CA

114,059 Population

4% Since 2002

^$74,468 Median Income

36.81 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/15/2024	$1,750,000	-5.41%	Price Down
5/23/2024	$1,850,000		Listed Price

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778 Shalimar Drive, Costa Mesa, CA, 92627 is a Multi-Family Home for sale at $1,750,000 with 3,390 sqft and a lot size of 0.16. 778 Shalimar Drive has 8 bedrooms, 1.0 baths, and was built in 1961. The property's zip code is 92627 which is in Costa Mesa, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/16/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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778 Shalimar Drive

Multi-Family Home for sale in Costa Mesa, CA

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