Property Details
About this Property
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).
MLS Listing Information
MLS #
CRNP24144841
MLS Source
California Regional MLS
Days on Site
125
Interior Features
Appliances
Microwave, Dryer
Parking, School, and Other Information
Garage/Parking
Other, Garage: 0 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 3 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
432 Hamilton St is a Residential Income in Costa Mesa, CA 92627. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,750,000 and was built in 2024. This address can also be written as 432 Hamilton St, Costa Mesa, CA 92627.
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This listing information is up-to-date as of September 27, 2024. For the most current information, please contact Mark Simon, (949) 872-8322
