$ 3,750,000
432 Hamilton Street Costa Mesa, CA 92627
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Listed by Mark Simon • Berkshire Hathaway Homeservice
$ 3,750,000
Est. payment | /mo
4,522 SqFt
$ 3,750,000
Est. payment | /mo
4,522 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,522 sqft
Price per Sqft $829
MLS Listing ID CRNP24144841
HOA Y/N No
Originating Board Datashare California Regional
Year Built 2024
Lot Size 8,800 Sqft
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 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).
Location
State CA
County Orange
Interior
Fireplace No
Appliance Dryer
Laundry Dryer, Other
Exterior
Parking Type Other
Building
Water Public
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