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381 Hamilton St, Costa Mesa, CA 92627
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381 Hamilton St Costa Mesa, CA 92627

$4,575,000 Sold Price as of 12/10/2021
  • 14 Beds
  • 13 Baths
  • 8,891 Sq.Ft.
Sold
$4,575,000 Sold Price as of 12/10/2021 Refinance Your Mortgage
Map preview of 381 Hamilton St, Costa Mesa, CA 92627

Property Overview: 381 Hamilton St Costa Mesa, CA has 14 bedrooms, 13 bathrooms, 8,891 living square feet and 26,572 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Located in the highly desirable city of Costa Mesa, one of Orange County's premier rental markets bordering the affluent city of Newport Beach. This location gives tenants convenient access to world class beaches, the Newport Back Bay Trails, a plethora of hip dining establishments and South Coast Plaza, the nation's largest shopping center on the West Coast. Built in 1975 on an oversized, 26,572 square foot lot, the Hamilton Apartment Homes consist of three separate buildings set back from the street with a remote access gate in the front providing added privacy. The large lot and design layout provide a low-density, quiet residential living environment for tenants. Property features include, fireplaces, vaulted ceilings, pool, assigned parking, on-site laundry service, and mature landscape throughout. 381 Hamilton Street is a true value-add investment opportunity with 30%± upside in rents in a prime coastal location, providing a real estate investor increased revenue potential with the right reposition efforts and an excellent long-term investment property.

Listed by Ignacio Diaz Jr. | BRE #01379930 | Investment Capital Real Estate
Last checked: 58 seconds ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 12

Home details

Lot Sq. Ft
26,572
HOA Dues
$0/mo
Year built
1975
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
NP21216511
City
Costa Mesa
County
Orange
Time on Site
947 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 13
  • Total # of Buildings: 3
  • # of Leased Units: 13
  • # of Electric Meters: 14
  • # of Gas Meters: 14
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $18,000
  • Pro Forma/Market Rent: $26,340
Unit Breakdown 2
  • # of Units: 12
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,306
  • Total Rent: $15,672
  • Pro Forma/Market Rent: $22,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $296,340
  • Net Operating Income: $201,154
  • Gross Operating Income: --
  • Laundry Income: $1,285
Annual Expense Breakdown
  • Total Operating Expense: $90,544
  • Electric: $1,045
  • Gas/Fuel: $1,040
  • Trash: $6,730
  • Insurance: $4,615
  • Maintenance: $10,214
  • Professional Management: $0
  • Water/Sewer: $6,730
  • Other Expenses: $6,590
  • Other Expense Description: PoolGard

Property Details for 381 Hamilton St

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 25
Lot Information
  • Lot Features: Landscaped, Lot 20000-39999 Sqft, Secluded
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 13
  • Parcel Number: 41918119
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Other, Public Sewer
  • Water Source: Other, Public
Location / Neighborhood
Location Information
  • Subdivision Name: Costa Mesa Residential Income (CMRI)
  • Directions: West of the 55 Fwy and East of Harbor Blvd
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Costa Mesa Agent

Sale History for 381 Hamilton St

Last sold for $4,575,000 on December 10th, 2021

  • December, 2021

  • Dec 10, 2021

    Date

    Sold

    CRMLS: NP21216511

    $4,575,000

    Price

  • Sep 29, 2021

    Date

    Active

    CRMLS: NP21216511

    $4,750,000

    Price

Tax History for 381 Hamilton St

Assessed Value (2020): $1,778,040
Year Land Value Improved Value Assessed Value
2020 $1,120,165 $657,875 $1,778,040

Home Value Compared to the Market

This property vs the competition

381 Hamilton St sold on December 10, 2021 for 246.72% higher than the current median sold price for the city of Costa Mesa which is $1,370,000. The median sold price per/sqft for Costa Mesa is $783 and this home is sold at $534.25 per/sqft which puts the price per square foot 31.77% lower than the current median sale per square foot for the city of Costa Mesa.

About 381 Hamilton St

Detailed summary of property

381 Hamilton St is a multi family that recently sold in Costa Mesa, CA 92627. This multi family property offered 14 bedrooms, 13 bathrooms, roughly 8,891 living square feet, and sits on an approximately 26,572 square foot lot. 381 Hamilton St was first listed on ArdentRealEstateGroup.com on September 29, 2021. The homeowner sold the property for $4,575,000. Home in Costa Mesa are selling for a median price of $1,370,000 and a median price per square foot of $783. Based on Ardent Real Estate Group's Costa Mesa Market Data, this home is sold 246.72% higher than the current median priced home. Local homes that are currently for sale include 124 Turquoise Ave, 7851 Glencoe Dr and 9602 Alwood Ave. While the average home in Costa Mesa, CA is selling in 29 days, 381 Hamilton St has a days on market of 12 days. There are currently 114 homes for sale in the Costa Mesa real estate market and 85 of them are single family homes while 13 of them are condos and 16 are townhomes. For more information on this home for sale at 381 Hamilton St Costa Mesa, CA 92627 contact Ardent Real Estate Group and we will put you in touch with one of our Costa Mesa agents.

Public Facts for 381 Hamilton St

Public county record property details
Beds
2
Baths
2
Year built
1976
Sq. Ft.
912
Lot Size
25,896
Stories
--
Type
Multi-Family Dwellings (Generic, Any Combination 2+)
Pool
No
Spa
No
County
Orange
Lot#
--
APN
419-181-19

The source for these homes facts are from public records.

92627 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,399,000
Median List Price/Sq.Ft.
$850
Median Sold Price
$1,500,000
Median Sold Price/Sq.Ft.
$788
Total Inventory
67
Median Sale to List Price %
100%
Avg Days on Market
28
Loan Type
Conventional (44.44%), FHA (0%), VA (0%), Cash (38.89%), Other (16.67%)

Thinking of Selling?

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Recently Sold Homes Near 381 Hamilton St

374 376 Hamilton St, Costa Mesa, CA 92627
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372 W Bay St, Costa Mesa, CA 92627
$5,799,550 Last Sold Price
26 Beds
24 Baths
13809 Sq.Ft.
372 W Bay St
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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