432 Hamilton Street
Costa Mesa, CA 92627
$145,000.00 (-3.72%)
Active for $3,750,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 8,800 sqft
| MLS | NP24163076 |
| Year Built | 2024 |
| Property Type | Multi Family |
| County | Orange |
| Status | Active |
| Active | $3,750,000 |
| Structure Size | N/A sqft |
| Lot Size | 8,800 sqft |
| Beds | N/A |
| Baths | N/A |
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 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).
Listing information courtesy of: Mark Simon, Berkshire Hathaway Homeservice 949-872-8322. *Based on information from the Association of REALTORS/Multiple Listing as of 11/12/2024 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.
Location
Contact a Local Realtor®
Marcus Gear
REALTOR®
Direct: 760.835.0680
Email: Email Me
DRE: 02021561
DRE #01873088
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