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432 Hamilton Street, Costa Mesa, CA 92627
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432 Hamilton Street
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  • MLS#: NP24144841 ( Apartment )
  • Street Address: 432 Hamilton Street
  • Viewed: 1
  • Price: $3,750,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2024
  • Bldg sqft: 0
  • Days On Market: 122
  • Additional Information
  • County: ORANGE
  • City: Costa Mesa
  • Zipcode: 92627
  • Provided by: Berkshire Hathaway Homeservice
  • Contact: Mark Mark
  • California Regional MLS IDX
  • DMCA Notice
  • 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).
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Features
Appliances
  1. Microwave
  2. Refrigerator
Association Fee
  1. 0.00
Building Area Total
  1. 4522.00
Carport Spaces
  1. 0.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 1 Common Wall
Country
  1. US
Days On Market
  1. 82
Electric Expense
  1. 1090.00
Fuel Expense
  1. 1090.00
Furniture Replacement Expense
  1. 500.00
Garage Spaces
  1. 0.00
Gardner Expense
  1. 600.00
Insurance Expense
  1. 2635.00
Laundry Features
  1. Dryer Included
  2. Washer Hookup
Lockboxtype
  1. None
Lot Features
  1. 2-5 Units/Acre
Netoperatingincome
  1. 177443.00
Otherexpense
  1. 39000.00
Otherexpensedescription
  1. New Tax
Parcel Number
  1. 41917130
Parking Features
  1. Driveway
Pest Control Expense
  1. 600.00
Pool Features
  1. None
Postalcodeplus4
  1. 2025
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Property Condition
  1. Turnkey
Road Frontage Type
  1. City Street
Road Surface Type
  1. Paved
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 418964248:CRM
Spa Features
  1. None
Tenant Pays
  1. Cable TV
  2. Electricity
  3. Gas
Totalactualrent
  1. 11659.00
Totalexpenses
  1. 56377.00
Trash Expense
  1. 1090.00
Uncovered Spaces
  1. 5.00
Vacancyallowance
  1. 8200
Water Sewer Expense
  1. 1090.00
Water Source
  1. Public
Year Built
  1. 2024
Year Built Source
  1. Seller