Costa Mesa, CA 92627,631 Shalimar DR
Costa Mesa, CA 92627,631 Shalimar DR
Costa Mesa, CA 92627,631 Shalimar DR
Costa Mesa, CA 92627,631 Shalimar DR
Costa Mesa, CA 92627,631 Shalimar DR
Costa Mesa, CA 92627,631 Shalimar DR
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$1,600,000

$1,600,000

Est.Price: ?

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Est. payment /mo

6,024 Sqft Lot


SOLD DATE : 04/29/2024

Key Details

Sold Price $1,600,000

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW24047406

Sold Date 04/29/24

HOA Y/N No

Year Built 1957

Lot Size 6,024 Sqft

Property Description

Coastal apartments have long been a favored choice among real estate investors due to their promising appreciation rates and strong
rental income potential. In this regard, Costa Mesa has emerged as an increasingly attractive option, propelled by factors such as
gentrification, substantial growth, the general appeal of renting among young professionals, and its proximity to the thriving real estate
markets of Newport Beach and Huntington Beach.

The subject property is less than a quarter mile to Eastside Costa Mesa, the bustling retail hub on 17th Street, and the 55 freeway.
Additionally, the property is located approximately 1.25 miles from the Pacific Coast Highway (PCH). There are four large sized 1-bedroom 1-
bath units in well-maintained condition. Among the appealing aspects of this property is its adjacency to a variety of retail establishments,
including PetSmart, Trader Joe's, O'Reilly's Auto Parts, and Walgreens, thereby enriching the overall quality of life needed for its 1-bedoom
renting tenants.

Considering its prime location, substantial rental growth potential, and the prospect of securing excellent tenants, this property stands as a
valuable addition to an investor's expanding portfolio or as an ideal starting point for someone entering the real estate market.

Location

State CA

County Orange

Area 699 - Not Defined

Interior

Fireplace No

Laundry None

Exterior

Garage Door-Single, Garage

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Sidewalks

Utilities Available Sewer Not Available

Parking Type Door-Single, Garage

Total Parking Spaces 4

Private Pool No

Building

Lot Description 2-5 Units/Acre, Back Yard, Front Yard

Story 2

Sewer None

Water Public

New Construction No

Others

Senior Community No

Acceptable Financing Contract

Listing Terms Contract

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Justin White • Justin White • thesbgbp@gmail.com
Bought with Christopher Phipps • 1 Percent Lists SoCal
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