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560 Hamilton St, Costa Mesa, CA 92627
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560 Hamilton St Costa Mesa, CA 92627

$3,610,000 Sold Price as of 06/17/2019
  • 14 Beds
  • 13 Baths
  • 8,372 Sq.Ft.
Sold
$3,610,000 Sold Price as of 06/17/2019 Refinance Your Mortgage
Map preview of 560 Hamilton St, Costa Mesa, CA 92627

Property Overview: 560 Hamilton St Costa Mesa, CA has 14 bedrooms, 13 bathrooms, 8,372 living square feet and 20,908 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 560 Hamilton Street is a 13-unit multifamily investment opportunity located in the city of Costa Mesa, one of the premier coastal housing markets in Southern California. Situated on a 0.48-acre lot, the 8,372 square foot property consists of one- and two-bedroom units and offers amenities including ample parking, updated windows, and on-site laundry. The average household income in Costa Mesa is projected to grow by 16.34 percent to $120,513 by 2022 and the vacancy rate within a one mile radius of the subject property is just 1.51 percent. In addition, 560 Hamilton Street is strategically situated near California State Route 55, providing residents with convenient access to employment hubs in surrounding cities.

Listed by Kurt Hediger | BRE #01846649 | Marcus & Millichap RE Invest
Last checked: 4 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 19

Home details

Lot Sq. Ft
20,908
HOA Dues
$0/mo
Year built
1964
Garage
1 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC19100396
City
Costa Mesa
County
Orange
Time on Site
1399 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 13
  • Total # of Buildings: 1
  • # of Leased Units: 13
  • # of Electric Meters: 0
  • # of Gas Meters: 0
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 12
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $16,035
  • Total Rent: $16,035
  • Pro Forma/Market Rent: $19,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,675
  • Total Rent: $1,675
  • Pro Forma/Market Rent: $1,975
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $213,960
  • Net Operating Income: $132,856
  • Gross Operating Income: $207,584
Annual Expense Breakdown
  • Total Operating Expense: $74,728
  • Electric: $3,428
  • Gas/Fuel: $3,428
  • New Taxes: $42,176
  • Trash: $3,428
  • Insurance: $3,250
  • Maintenance: $6,500
  • Professional Management: $0
  • Water/Sewer: $3,428
  • Other Expenses: $9,090
  • Other Expense Description: Other

Property Details for 560 Hamilton St

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 27
Lot Information
  • Lot Features: Landscaped
  • Lot Size Source: Assessor
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 13
  • Parcel Number: 42202126
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Cross Streets: Harbor Blvd / Victoria St
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Costa Mesa Agent

Sale History for 560 Hamilton St

Last sold for $3,610,000 on June 17th, 2019

  • June, 2019

  • Jun 18, 2019

    Date

    Sold

    CRMLS: OC19100396

    $3,610,000

    Price

  • May 20, 2019

    Date

    Pending

    CRMLS: OC19100396

    $3,650,000

    Price

  • May 1, 2019

    Date

    Active

    CRMLS: OC19100396

    $3,650,000

    Price

  • June, 2019

  • Jun 17, 2019

    Date

    Sold (Public Records)

    Public Records

    $3,610,000

    Price

  • June, 2019

  • Jun 17, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • July, 2018

  • Jul 18, 2018

    Date

    Sold

    CRMLS: RS18101071

    $3,130,000

    Price

  • May 21, 2018

    Date

    Pending

    CRMLS: RS18101071

    $3,150,000

    Price

  • May 21, 2018

    Date

    Hold

    CRMLS: RS18101071

    $3,150,000

    Price

  • May 1, 2018

    Date

    Active

    CRMLS: RS18101071

    $3,150,000

    Price

  • Listing provided courtesy of CRMLS

    Large lot on Hamilton, 2 parking spaces each unit

Show More

Tax History for 560 Hamilton St

Assessed Value (2020): $3,093,151
Year Land Value Improved Value Assessed Value
2020 $2,258,000 $835,151 $3,093,151

Home Value Compared to the Market

This property vs the competition

560 Hamilton St sold on June 17, 2019 for 166.42% 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 $435.98 per/sqft which puts the price per square foot 44.32% lower than the current median sale per square foot for the city of Costa Mesa.

About 560 Hamilton St

Detailed summary of property

560 Hamilton St is a multi family that recently sold in Costa Mesa, CA 92627. This multi family property offered 14 bedrooms, 13 bathrooms, roughly 8,372 living square feet, and sits on an approximately 20,908 square foot lot. 560 Hamilton St was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $3,610,000. 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 166.42% higher than the current median priced home. Local homes that are currently for sale include 7851 Glencoe Dr, 1071 Walnut St and 16861 Green Ln. While the average home in Costa Mesa, CA is selling in 33 days, 560 Hamilton St has a days on market of 19 days. There are currently 114 homes for sale in the Costa Mesa real estate market and 88 of them are single family homes while 10 of them are condos and 16 are townhomes. For more information on this home for sale at 560 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 560 Hamilton St

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
8,371
Lot Size
20,718
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
34
APN
422-021-26

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
$1,495,000
Median List Price/Sq.Ft.
$852
Median Sold Price
$1,500,000
Median Sold Price/Sq.Ft.
$788
Total Inventory
65
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%)

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Recently Sold Homes Near 560 Hamilton St

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5 Baths
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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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