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432 Hamilton St, Costa Mesa, CA 92627
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432 Hamilton St Costa Mesa, CA 92627

$3,750,000
  • 11 Beds
  • 10 Baths
  • 4,522 Sq.Ft.
For Sale
$3,750,000 Get Pre-Qualified

Property Overview: 432 Hamilton St Costa Mesa, CA has 11 bedrooms, 10 bathrooms, 4,522 living square feet and 8,800 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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. 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).

Listed by Mark Simon | BRE #00816134 | Berkshire Hathaway Homeservice
Last checked: 4 minutes ago | Last updated: August 16th, 2024 | Source CRMLS | DOM: 39

Home details

Lot Sq. Ft
8,800
HOA Dues
$0/mo
Year built
2024
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
NP24163076
City
Costa Mesa
County
Orange
Time on Site
42 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
  • # of Leased Units: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $3,495
  • Total Rent: $3,495
  • Pro Forma/Market Rent: $5,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $3,695
  • Total Rent: $3,695
  • Pro Forma/Market Rent: $5,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $4,495
  • Total Rent: $4,495
  • Pro Forma/Market Rent: $6,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $4,000
  • Total Rent: $4,000
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $4,000
  • Total Rent: $4,000
  • Pro Forma/Market Rent: $4,000
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.56%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $233,820
  • Net Operating Income: $177,443
  • Gross Operating Income: --
  • Vacancy Allowance: $8,200
Annual Expense Breakdown
  • Total Operating Expense: $39,377
  • Electric: $1,090
  • Trash: $1,090
  • Insurance: $2,635
  • Maintenance: $7,500
  • Professional Management: $0
  • Water/Sewer: $1,090
  • Other Expenses: $39,000

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Property Details for 432 Hamilton St

Interior Features
Laundry Information
  • Dryer Included, Washer Hookup
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Total # of Units: 5
  • Parcel Number: 41917130
  • Year Built Source: Seller
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Harbor and Hamilton are the main cross streets.
View more facts & features

Local Costa Mesa Agent

Sale History for 432 Hamilton St

View property's historical transactions

  • August, 2024

  • Aug 7, 2024

    Date

    Active

    CRMLS: NP24163076

    $3,895,000

    Price

Tax History for 432 Hamilton St

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

432 Hamilton St is listed 150.17% higher than the median list price for the city of Costa Mesa which has a median list price of $1,499,000. The median price per/sqft for Costa Mesa is $794 and this home is listed at $829.28 per/sqft which puts the price per square foot 4.44% higher than the median price per square foot for the city of Costa Mesa.

About 432 Hamilton St

Detailed summary of property

432 Hamilton St is a multi family located in Costa Mesa, CA 92627 and is currently for sale. This multi family property offers 11 bedrooms, 10 bathrooms, roughly 4,522 living square feet, and sits on an approximately 8,800 square foot lot. 432 Hamilton St was first listed on ArdentRealEstateGroup.com on August 7, 2024. The homeowner is currently asking $3,750,000 and was originally asking $3,895,000. The median priced home in Costa Mesa is $1,499,000 with a median price per square foot of $794. Based on Ardent Real Estate Group's Costa Mesa Market Data, this home is listed 150.17% higher than the median priced home. While the average home in Costa Mesa, CA is selling in 43 days, 432 Hamilton St has a days on market of 39 days. There are currently 148 homes for sale in the Costa Mesa real estate market and 110 of them are single family homes while 21 of them are condos and 17 are townhomes. For more information on this home for sale at 432 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 432 Hamilton St

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

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
$1,420,000
Median List Price/Sq.Ft.
$825
Median Sold Price
$1,070,000
Median Sold Price/Sq.Ft.
$855
Total Inventory
84
Median Sale to List Price %
99.17%
Avg Days on Market
20
Loan Type
Conventional (66.67%), FHA (0%), VA (0%), Cash (5.56%), Other (22.22%)

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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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