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Keith Nichols

Keith Nichols
Sells Orange County
Huntington Beach, CA

714-417-1363
Contact Me
DRE #01050395

Contact Me





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Listing 10 out of 206
$1,425,000 Active Under Contract

791 Shalimar Drive
Costa Mesa, CA 92627

4 units | Multi Family Home
7292 sq ft - MLS# SB18256725
Property Photo
1/10

Description

Great multifamily opportunity ideally located in central Orange County with close proximity to the beach, The Triangle, South Coast Plaza and 17th Street boutiques and restaurants. This high demand area is perfect for an investor motivated to acquire in a strong rental market like Costa Mesa. This property is comprised of two 3 bed/1.5 bath units and two 2 bed/ 1 bath units each with a private patio or balcony. The building also provides 4 covered carport parking spots which are off the street towards the back of the property. Two additional parking spots are adjacent to tenant parking and available for guests. Nearby is a neighborhood park to enjoy. Don't miss this shining opportunity.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active Under Contract
  • Zip Code: 92627
  • Year Built: 1962
  • Stories: Two
  • Units: 4 units
  • # of Parking Spaces: 6.00
  • Lot Size: 7292 sq ft
  • View: Neighborhood, Yes
  • Area: C2 - Southwest Costa Mesa
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 3748.00
  • Building Area Units: Square Feet
  • Cap Rate: 4.60
  • Carport Spaces: 4.00
  • Common Walls: 2+ Common Walls
  • Community Features: Curbs, Gutters, Sidewalks, Street Lighting, Suburban
  • Country: US
  • Directions: cross streets: 18th Place & Placentia
  • Door Features: Sliding Glass Door(s)
  • Gross Income: 93258.00
  • Gross Multiplier: 15.13
  • Gross Operating Income: 93258.00
  • Gross Scheduled Income: 94200.00
  • Insurance Expense: 2025.00
  • Laundry Features: Community, Individual Room
  • Laundry YN: Yes
  • Listing Agent License: 00958114
  • Listing Office License: 01968431
  • Lot Features: Cul-De-Sac, Front Yard, Lawn, Lot 6500-9999, Lot Shape-Rectangular, Park Nearby
  • Lot Size Area: 7290.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Maintenance Expense: 3100.00
  • Net Operating Income: 66025.00
  • New Taxes Expense: 14974.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Operating Expense: 27233.00
  • Operating Expense Percent: 28.90
  • Other Expense: 5945.00
  • Other Expense Description: Utilitie
  • Parking Features: Assigned, Carport, Carport Detached, Off Street
  • Parking YN: Yes
  • Property Attached YN: Yes
  • Room Type: Kitchen, Living Room, Main Floor Bedroom
  • Sewer: Public Sewer
  • Stories Total: 2
  • Total Actual Rent: 7700.00
  • Total Expenses: 27233.00
  • Uncovered Spaces: 2.00
  • Water Source: Public
  • Year Built Source: Assessor
Courtesy of Strand Hill Christies International Real Estate, Edward Kaminsky

Keith Nichols | 714-417-1363 | Contact Me
Huntington Beach, CA 92646
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