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432 Hamilton Street

Costa Mesa, CA 92627

– beds
– baths
– sqft
8,800 sqft lot
2024 build
– on site

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 4.8% 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).

Listed By CRMLS_CA / Mark Simon / Berkshire Hathaway Homeservice / 949-872-8322

Last checked: Checking… • Last updated Sep 27, 2024 •

MLS# NP24144841 —

The Building

Year Built:

2024
Year Built Source:

Seller
New Construction:

Yes
Entry Level:

1
Common Walls:

1 Common Wall
Building Area Total:

4522.00
Building Area Units:

Square Feet
# of Buildings:

2
Total Number Of Units:

5
Stories Total:

2
# of Separate Gas Meters:

5
# of Separate Water Meters:

1
# of Separate Electric Meters:

5

Interior

Entry Location:

1
Laundry:

Dryer Included, Washer Hookup
Laundry:

1

Location

Directions:

Harbor and Hamilton are the main cross streets.
Latitude:

33.65107800
Longitude:

-117.91758300

The Property

Property Type:

Residential Income
Subtype:

Apartment
Property Condition:

Turnkey
Lot Features:

2-5 Units/Acre
Lot Size Area:

8800.0000
Lot Size Acres:

0.2020
Lot Size SqFt:

8800.00
Lot Size Source:

Assessor
Road Frontage:

City Street
Road Surface Type:

Paved
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

637.02
Tax Tract:

247
Tax Lot:

10

The Listing

Special Listing Conditions:

Standard
Parcel Number:

41917130

Utilities

Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Microwave, Refrigerator
Included:

Yes

The Community

Senior Community:

No
Features:

Curbs, Sidewalks, Urban
Pool:

None
Private Pool:

No
Spa Features:

None
Association:

No

Parking

Parking:

Yes
Parking:

Driveway
Parking Spaces:

5.00
Uncovered Spaces:

5.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
8/12/24 Aug 12, 2024	Price Changed	CRMLS_CA	$3,750,000	-3.7%
7/16/24 Jul 16, 2024	Listed / Active	CRMLS_CA	$3,895,000	92.3%
11/22/23 Nov 22, 2023		BRIDGE	$2,025,000	-7.7%

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This multifamily located in Central Costa Mesa, Costa Mesa, CA 92627 is currently for sale for $3,750,000. 432 Hamilton Street is a – square foot multifamily with – beds and – baths that has been on Estately for 128 days. 432 Hamilton Street is in the Central Costa Mesa neighborhood of Costa Mesa and has a WalkScore® of 77, making it very walkable. This multifamily is in the attendance area of College Park Elementary School and Costa Mesa High School.

Listing Courtesy of: CRMLS_CA and Berkshire Hathaway Homeservice. Based on information from California Regional Multiple Listing Service, Inc. as of 18:02 on Nov 21.

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.