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Listed by Mark Simon • Berkshire Hathaway Homeservice
$ 3,499,500
Est. payment /mo
Price Dropped by $250K
432 Hamilton Street Costa Mesa, CA 92627
4,522 SqFt
UPDATED:
12/20/2024 01:37 AM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,522 sqft
Price per Sqft $773
MLS Listing ID NP-24144841
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 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
Interior
Laundry Dryer Included, Washer Hookup
Exterior
Parking Features Driveway
Pool None
Community Features Curbs, Sidewalks, Urban
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944