432 Hamilton St - Apartments FOR SALE


Costa Mesa, CA 92627- Westside Costa Mesa
$3,350,000 USD
949-996-4785
432 Hamilton St, Costa Mesa, CA for Sale
$3,350,000 USD
Apartments - FOR SALE
1/16
null | 5.06% Cap Rate

432 Hamilton St
Costa Mesa, CA 92627
Westside Costa Mesa


HIGHLIGHTS

  • Turn-Key Condition
  • Two (2) Newly Constructed ADUs (Completed in 2024)
  • Excellent Unit Mix (All 2- and 3-Bedroom Units)
  • Private Yards & Patios

OVERVIEW

Gould Group is pleased to present 432 Hamilton Street, a fully renovated five-unit multifamily investment property located in the heart of Costa Mesa’s desirable Westside neighborhood. The property is currently master leased at $19,000 per month, providing stable, predictable cash flow with a current 5.06% cap rate and additional upside upon lease conversion to individual units. The unit mix consists of one 3-bedroom/2-bath and four 2-bedroom/2-bath units, including two brand-new ADUs (2024) and three fully renovated units (2023) featuring modern kitchens with stone countertops and stainless steel appliances, in-unit laundry, and private outdoor patios or balconies. With six off-street parking spaces, separate gas and electric meters, and a prime location just minutes from the beach, 17th Street retail, and Triangle Square, 432 Hamilton offers turnkey operations, strong in-place income, and long-term value in one of Orange County’s strongest rental markets.

FOR SALE DETAILS

PRICE

$3,350,000 USD

PRICE/SF

$459 USD /SF

# OF UNITS

5

PRICE/UNIT

$670,000

CAP RATE

5.06%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,786 SF

ZONING

-

APN/PARCEL ID

419-171-30,419-171-31

ASK ABOUT THIS PROPERTY

Nick GouldGould Group Investment Real EstateMore Info
949-996-4785

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Nick GouldGould Group Investment Real EstateMore Info
949-996-4785

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.