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779 Shalimar Dr
Costa Mesa, CA 92627
Multifamily Property For Sale
·
4 Units
PROPERTY FACTS
| No. Units | 4 | Building Size | 3,748 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Building Class | C | Parking Ratio | 1.6/1,000 SF |
| Lot Size | 0.15 AC | ||
| Zoning | R3, Costa Mesa | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,748 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.6/1,000 SF |
| Zoning | R3, Costa Mesa |
AMENITIES
UNIT AMENITIES
- Balcony
ABOUT 779 SHALIMAR DR , COSTA MESA, CA 92627
Morgan Skenderian is pleased to present 779 Shalimar Dr., Costa Mesa, a four unit apartment investment opportunity. Costa Mesa is ideally located in central Orange County, just a couple miles from the beach, and surrounded by major employment, as well as abundant dining, shopping, and retail options. It has long been a preferred location for rental property investors, because of its strong market fundamentals and a population that includes 60% renters. 779 Shalimar Drive is comprised of (2) two bedroom/one bathroom units, and (2) three bedroom, one and a half bathroom units. The property is just two miles to the beach, and located near The Triangle and 17th Street’s plentiful retail shops and restaurants. Note: The two downstairs units (one 3BR and one 2BR) are leased on a yearly basis to Think Together after-school program, and have been operated as such for nearly 25 years.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 3 | $1,725 | 900 |
| 3+2 | 1 | $2,315 | 1,000 |
PROPERTY TAXES
| Parcel Number | 424-054-06 | Improvements Assessment | $108,101 |
| Land Assessment | $1,460,541 | Total Assessment | $1,568,642 |
PROPERTY TAXES
