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$3,750,000

Est. payment - /mo

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4,522 SqFt

Active

432 Hamilton ST Costa Mesa, CA 92627

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/24/2024 05:42 PM

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,522 sqft

Price per Sqft $829

MLS Listing ID NP24163076

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 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 699 - Not Defined

Rooms

Ensuite Laundry Washer Hookup

Interior

Laundry Location Washer Hookup

Fireplace No

Appliance Dryer

Laundry Washer Hookup

Exterior

Total Parking Spaces 5

Building

Lot Description 2-5 Units/Acre

Story 2

Water Public

Others

Tax ID 41917130

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

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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