$ 3,750,000
432 Hamilton Street Costa Mesa, CA 92627
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,750,000
Est. payment /mo
Active
432 Hamilton Street Costa Mesa, CA 92627
4,522 SqFt
UPDATED:
09/27/2024 11:48 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,522 sqft
Price per Sqft $829
MLS Listing ID CRNP24144841
HOA Y/N No
Year Built 2024
Lot Size 8,800 Sqft
Acres 0.2
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 4.8% 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 Listing
Interior
Fireplace No
Appliance Dryer
Laundry Dryer, Other
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 41917130
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Mark Simon • Berkshire Hathaway Homeservice