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Key Details
Sold Price $1,560,000
Property Type Other Types
Sub Type OTHER
Listing Status Sold
Purchase Type For Sale
Square Footage 3,450 sqft
Price per Sqft $452
MLS Listing ID CRDW22170432
Sold Date 06/08/23
Bedrooms 6
HOA Y/N No
Year Built 1962
Lot Size 6,098 Sqft
Acres 0.14
Property Description
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.
Location
State CA
County Orange
Area Southwest Costa Mesa
Interior
Fireplace No
Laundry Community Facility
Exterior
Exterior Feature Front Yard
Total Parking Spaces 8
Building
Lot Description Other, Front Yard, Landscape Misc
New Construction No
Others
Tax ID 42405313
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© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with RamezMalki