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432 Hamilton Street

Costa Mesa, CA 92627

PRICE REDUCED

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-$395,500 (-10.15%)

$3,499,500

List Price

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2024

calendar_month Built

Property Description

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 5.1% 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).

Listing Information

List Price $3,499,500
Status Active
MLS NP24144841
HOA $0
Type Residential Income
Subtype Apartment
Year Built 2024
Lot Size 8,800
Structure Size N/A
DOM 156
Courtesy Of Berkshire Hathaway Homeservice
Listing Agent Mark Simon DRE#00816134

Interior Features

Laundry Information
Location(s) Washer Hookup
Total Bedroom
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Exterior Information

Maps

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Listing information courtesy of: Mark Simon, Berkshire Hathaway Homeservice 949-872-8322. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 19th, 2024 at 10:00 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.