631 Shalimar Drive
631 Shalimar Drive
$1,600,000
4
4
3,038
3,038
$527
Active Under Contract
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...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.
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...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.
- Listed by Justin White • DRE #01267826 • Brokerage DRE #01267826 • Justin White • thesbgbp@gmail.com
Property Details for 631 Shalimar Drive
Parking Spaces Total
4
Private PoolNo
Total Units4.0
Building TypeAttached
Lot Size SourceAssessor
Living Area3038
Property Attached YNtrue
Common Walls2+ Common Walls
Location
LISTING UPDATED: 04/03/2024 07:29 AM
Property Details for 631 Shalimar Drive
Status | Active Under Contract |
---|---|
MLS # | PW24047406 |
Days on Market | 26 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Residential Income |
Year Built | 1957 |
Lot Size | 0.14 AC / 6,023 SF |
County | Orange County |
Location
Building Information for 631 Shalimar Drive
Stories2Residences-Year Built1957Building Size-Lot Size0.14 AC / 6,023 SF
Payment Calculator
$9,424 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 631 Shalimar Drive
Property History for 631 Shalimar Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 631 Shalimar Drive
Taxable ValueLand$393,467Additions$123,571Total$517,038
Tax Record2023$8,304 ($692 / month)
Home Facts
Total Finished SqFt3,038 SqFtAbove Grade Finished SqFt3,038 SqFtStories2Lot Size6,023 SqFtStyleQuadraplexYear Built1957CountyORANGEAPN424-263-09
Schools near 631 Shalimar Drive
This home is within Newport-Mesa Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 12 |
Rating | School | Distance |
---|---|---|
Everett A. Rea Elementary School PublicK to 6 | ||
Horace Ensign Intermediate School Public7 to 8 | ||
Newport Harbor High School Public9 to 12 | ||
Monte Vista High School PublicK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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