432 Hamilton ST, Costa Mesa, CA 92627 – NP24144841

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Julie Thomas

julie@julietsellsme.com +1(619) 997-1620

$ 3,499,500

Est. payment -/mo

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Price Dropped by $250K

432 Hamilton ST Costa Mesa, CA 92627

8,799 Sqft Lot

UPDATED:

12/19/2024 10:00 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID NP24144841

Construction Status Turnkey

HOA Y/N No

Year Built 2024

Lot Size 8,799 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 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 699 - Not Defined

Interior

Fireplace No

Appliance Microwave, Refrigerator, Dryer

Laundry Washer Hookup

Exterior

Parking Features Driveway

Pool None

Community Features Curbs, Sidewalks, Urban

Total Parking Spaces 5

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction Yes

Construction Status Turnkey

Others

Senior Community No

Tax ID 41917130

Energy Description 1090.0

Acceptable Financing Cash, Cash to Existing Loan

Listing Terms Cash, Cash to Existing Loan

Special Listing Condition Standard

Listed by Mark Simon • Berkshire Hathaway Homeservice • 949-872-8322

Julie Thomas

License ID: 01926885

+1(619) 997-1620

Julie Thomas

432 Hamilton ST Costa Mesa, CA 92627

Key Details

Location

Interior

Exterior

Building

Others

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432 Hamilton ST