CA > Costa Mesa > Costa Mesa
Costa Mesa, CA 92627,432 Hamilton ST
Costa Mesa, CA 92627,432 Hamilton ST
Costa Mesa, CA 92627,432 Hamilton ST
Costa Mesa, CA 92627,432 Hamilton ST
Costa Mesa, CA 92627,432 Hamilton ST
Costa Mesa, CA 92627,432 Hamilton ST
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Natalie Miranda

Natalie Miranda

$ 3,350,000
Est. payment | /mo

0.38 Acres Lot

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$ 3,350,000
Est. payment | /mo
Save

0.38 Acres Lot

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Costa Mesa

MLS Listing ID NP25174755

Construction Status Turnkey

HOA Y/N No

Year Built 1977

Lot Size 0.378 Acres

Property Sub-Type Apartment

Property Description

432 Hamilton Street is a fully renovated five-unit multifamily investment property located in Costa Mesa's desirable Westside neighborhood. Currently master leased at $19,000 per month, the property provides investors with stable, predictable cash flow and a 5.06% cap rate, with future upside upon conversion to individual leases. The unit mix consists of one 3-bedroom/2-bath and four 2-bedroom/2-bath units, including two brand-new ADUs completed in 2024 and three extensively renovated units in the original 1977 building. Each residence features modern kitchens with stone countertops and stainless steel appliances, updated bathrooms, in-unit laundry, and private outdoor patios or balconies. The property offers six off-street parking spaces, separate gas and electric meters, and a low-maintenance layout on an 8,795 SF lot. Ideally located just minutes from the beach, 17th Street retail, and Triangle Square, 432 Hamilton combines turnkey operations, strong in-place income, and long-term value in one of Orange County's most sought-after rental markets.

Location

State CA

County Orange

Area C4 - Central Costa Mesa

Interior

Heating Central

Cooling Ductless, ENERGY STAR Qualified Equipment

Fireplaces Type None

Fireplace No

Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Parking Features Assigned

Pool None

Community Features Storm Drain(s), Sidewalks

View Y/N No

View None

Total Parking Spaces 6

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction Yes

Construction Status Turnkey

Others

Senior Community No

Tax ID 41917130

Energy Description 2000.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

CRMLS – RECore
Listed by Nick Gould Gould Group Inc ng@gouldgroupinc.com

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Natalie Miranda

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432 Hamilton ST