$3,750,000
- Beds
- Unknown
- sq ft
- 4,522
432 Hamilton St, Costa Mesa, CA 92627
432 Hamilton St
Costa Mesa, CA 92627
- 115 days on market
- Price drop $145,000↓
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).
Details
Property type
Apartment
Property condition
New Construction
Lot size
8,800 sq ft
Price per sq ft
$830
Year built
2024
Price History
08/12/2024
CRMLS #NP24144841
Price change
$3,750,000
-3.72%
07/16/2024
CRMLS #NP24144841
Listed
$3,895,000
+92.35%
11/22/2023
CRMLS #PW23156325
Sold
$2,025,000
+19.12%
Schools & Community
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Curbs, Sidewalks
Community features:
Curbs, Sidewalks
Status: Active
Tomo last checked: 11/08/2024 at 5:15 AM
Listing updated: 09/30/2024 at 9:02 AM
Listed by: Mark Simon, Berkshire Hathaway Homeservice Phone #: (949) 723-7080
MLS: CRMLS #NP24144841
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