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631 Shalimar Drive, Costa Mesa

$1,600,000 - 4 Beds - 4 Baths - 6,023 Lot Sq. Ft - 51 DOM

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.

Listing Agent
Justin White - Justin White

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Essential Information

For 631 Shalimar Drive, Costa Mesa
  • MLS® # PW24047406
  • Price $1,600,000
  • Bedrooms 4
  • Bathrooms 4.00
  • Lot Square Footage 6,023
  • Year Built 1957
  • Type Residential Income
  • Sub-Type Mixed Use
  • Status Active Under Contract

Community Information

For 631 Shalimar Drive, Costa Mesa

Amenities

For 631 Shalimar Drive, Costa Mesa
  • Utilities Sewer Not Available
  • Parking Spaces 4
  • Parking Door-Single, Garage
  • # of Garages 4
  • Garages Door-Single, Garage
  • Pool None

Interior

For 631 Shalimar Drive, Costa Mesa
  • # of Stories 2

Exterior

For 631 Shalimar Drive, Costa Mesa

Lot Description

For 631 Shalimar Drive, Costa Mesa

Back Yard, Front Yard, 2-5 Units/Acre

Additional Information

For 631 Shalimar Drive, Costa Mesa
  • Date Listed February 26th, 2024
  • Days on Market 51

631 Shalimar Drive Costa Mesa MLS® #PW24047406

You are viewing the for at 631 Shalimar Drive with the MLS® PW24047406 on Previewochomes.com. This at 631 Shalimar Drive, . 92627 is currently for featuring a 6023 sq.ft. lot and listed for sale at $1,600,000. This for at 631 Shalimar Drive with the MLS® # PW24047406 has been listed since 2024-02-26.

Please contact us for additional information and assistance.

Price Change History for 631 Shalimar Drive, Costa Mesa, (MLS® #PW24047406)

Date Details Change
Status Changed from Active to Active Under Contract

Based on information from California Regional Multiple Listing Service, Inc. as of April 28th, 2024 at 4:15am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Property Listed By: Justin White of Justin White