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Candice Blair

candice@candiceblairgroup.com +1(949) 466-0620

$ 3,750,000

Est. payment -/mo

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Active

432 Hamilton ST Costa Mesa, CA 92627

4,522 SqFt

UPDATED:

09/27/2024 09:34 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 4,522 sqft

Price per Sqft $829

MLS Listing ID NP24144841

Construction Status Turnkey

HOA Y/N No

Year Built 2024

Lot Size 8,799 Sqft

Acres 0.202

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

Interior

Appliance Microwave, Refrigerator

Laundry Dryer Included, Washer Hookup

Exterior

Garage Driveway

Pool None

Community Features Curbs, Sidewalks, Urban

Parking Type Driveway

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

Special Listing Condition Standard

Confidential INFO

TERMS Cash,Cash To Existing Loan

LIST AGRMT Exclusive Right To Sell

LIST SERVICE Full Service

PRIVATE REMARKS Drive by Only. Do Not Disturb Occupants.

SHOW CONTACT TYPE Agent

SHOW CONTACT NAME Mark D. Simon

SHOW CONTACT PH 949-872-8322

SHOW INSTRUCTIONS Drive by Only. Do Not Disturb Occupants.

Listed by Berkshire Hathaway Homeservice

Candice Blair

Broker Associate | License ID: 01395953 ‌

+1(949) 466-0620

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