56
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$3,499,500
Est. payment /mo
8,799 Sqft Lot
Price Dropped by $250K
432 Hamilton ST Costa Mesa, CA 92627
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UPDATED:
12/19/2024 10:00 PM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID NP24144841
Construction Status Turnkey
HOA Y/N No
Year Built 2024
Lot Size 8,799 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
Area 699 - Not Defined
Interior
Fireplace No
Appliance Microwave, Refrigerator, Dryer
Laundry Washer Hookup
Exterior
Parking Features Driveway
Pool None
Community Features Curbs, Sidewalks, Urban
Total Parking Spaces 5
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction Yes
Construction Status Turnkey
Others
Senior Community No
Tax ID 41917130
Energy Description 1090.0
Acceptable Financing Cash, Cash to Existing Loan
Listing Terms Cash, Cash to Existing Loan
Special Listing Condition Standard
Listed by Mark Simon • Berkshire Hathaway Homeservice • 949-872-8322