Active
432 Hamilton Street
Costa Mesa CA, 92627
$3,499,500
$773.88 per sqft
Active
4,522 sqft
Commercial
Built in 2024
Listed by Mark Simon with Berkshire Hathaway Homeservice 949-872-8322
Pleased to present 432 Hamilton Street, a turnkey 5 Unit apartment complex in Costa Mesa's gentrifying west side neighborhood. This complex offers an excellent 5.11% Cap Rate return at the new tax basis and was recently appraised for $3.87M. Two brand new 2 bedroom, 2 bath apartments, each 775 SF, were constructed in 2024. The previously existing 3 unit building was painstakingly improved and upgraded in 2023 with new kitchen cabinets, stone counter tops, new appliances, fixtures, lighting, vanities, shower enclosures and much more. The exterior of the previously existing 3 unit building has been recently repainted and the all the windows and sliding glass doors are brand new. The 3 unit building includes two large 2 bedroom, 2 bath apartments and one generously sized 3 bedroom, 2 bath apartment. Each unit in the previously existing 3 unit building also enjoys a private patio or balcony, and one of the units has a large yard. Each of the 5 units has a brand new, refrigerator, microwave, and washer/dryer. There are 5 off street parking spaces (3 standard and 2 tandem).
NP24163076
MLSⓇ ID
August 7, 2024
Listed
December 19, 2024
Updated
Map
432 Hamilton Street
Costa Mesa CA, 92627
Interior Features
Total Stories
2
Appliances
Dryer
Laundry Description
Washer Hookup
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.2 Acres
Lot Features
2-5 Units/Acre
Other Property Details
Area Name
699 - Not Defined
Days on Market
134
Garage
No
Parking Total
5
View
No
County
Orange
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
12/12/2024 | Price change | $3,499,500 -7% |
8/12/2024 | Price change | $3,750,000 -4% |
Listing Contact: 949-723-7080
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/19/2024. 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, the 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 locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 12/19/2024 at 10:40 PM UTC