432 Hamilton Street Active

Costa Mesa,CA 92627

$ 3499500

- Bed

0 Bath

4522 SqFt


Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 4,522 sqft

Price per Sqft $773

MLS Listing ID CRNP24144841

HOA Y/N No

Year Built 2024

Lot Size 8,800 Sqft

Acres 0.2

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).

Location

State CA

County Orange

Area Listing

Interior

Fireplace No

Appliance Dryer

Laundry Dryer,Other

Building

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 41917130

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