631 Shalimar Drive
Costa Mesa, CA 92627
Map
- – beds
- – baths
- – sqft
- 6,023 sqft lot
- 1957 build
- – on site
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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.
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Last updated May 10, 2024
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MLS# PW24047406 —
The Building
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Year Built:1957
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Year Built Source:Public Records
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New Construction:No
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Building Area Total:3038.00
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Building Area Units:Square Feet
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Total Number Of Units:4
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# of Buildings:1
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Stories Total:2
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Entry Level:1
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Common Walls:2+ Common Walls
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# of Separate Gas Meters:4
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# of Separate Electric Meters:4
Interior
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Entry Location:1
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Laundry:None
Location
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Directions:South of W 18th Street and West of Anaheim Avenue
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Latitude:33.63819400
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Longitude:-117.92428200
The Property
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Property Type:Residential Income
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Subtype:Commercial/Residential
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Lot Features:2-5 Units/Acre, Back Yard, Front Yard
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Lot Size Area:6023.0000
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Lot Size Acres:0.1383
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Lot Size SqFt:6023.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Tract:-
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Tax Lot:-
The Listing
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Special Listing Conditions:Standard
Utilities
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Sewer:None
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Water Source:Public
The Community
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Features:Sidewalks
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Pool:None
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Senior Community:No
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Private Pool:No
Parking
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Parking:Yes
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Parking:Garage - Single Door
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Parking Spaces:4.00
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Garage Spaces:4.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/29/24
Apr 29, 2024
|
Sold | CRMLS_CA | $1,600,000 | |
|
4/3/24
Apr 3, 2024
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Sold Subject To Contingencies | CRMLS_CA | $1,600,000 | |
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3/8/24
Mar 8, 2024
|
Listed / Active | CRMLS_CA | $1,600,000 |
