712 Shalimar Drive, Costa Mesa, CA 92627

$1,729,000
List Price
$1,729,000
Price Change
▼ $51,000 1662176658
MLS#
DW22170432
Status
PENDING
Type
Multifamily

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.

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Calculator source: Real Geeks

Courtesy of Hoag Property Management, Jerry Reyes.