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432 Hamilton Street
Costa Mesa, CA 92627
Sold
432 Hamilton Street
Costa Mesa, CA 92627
Sold
Pleased to present 432 Hamilton Street, a turnkey triplex in Costa Mesa’s developing West Side. This immaculate building has been meticulously improved and upgraded in 2023 with all units receiving new kitchen cabinets, stone countertops, new appliances, fixtures, lighting, vanities, shower enclosures and more. The exterior of the property has recently been painted and all windows and sliders are brand new. The property is comprised of two large two-bedroom/two-bathroom units and one large three-bedroom/two-bathroom unit that will be delivered fully furnished with brand new furniture, televisions and decorative items. Each unit also contains a private patio or balcony with one unit receiving an expansive backyard. Every tenant of the property enjoys washer and dryer hookups, and each unit comes with new washer/dryer machines, refrigerators and microwaves included in the rental. Three individual garages are available for parking along with (5) open parking spaces. The current owner has obtained approval for the ability to construct (2) additional ADU’s. Each ADU would be a two bedroom/two bathroom unit which would add approximately 1,551 rentable square feet to the premises. All plans and documents will be transferred with the sale and new ownership will only need to obtain their permits and immediately begin construction. The existing unit income added to the additional income from the new ADU’s will produce a projected 11.7% cash-on-cash return which includes the costs to build the new units. Not to mention, the value of the ADU's are estimated to be more than twice as much as their cost to build and these units would not be subject to current rent control laws. This is a rare opportunity to purchase a turnkey property with the potential for massive growth.
PROPERTY INFORMATION
| MLS # | PW23156325 | Lot Size | 8,795 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Triplex |
| Price | $ 2,195,000
Price Per SqFt: $ 739 |
DOM | 617 Days |
| Address | 432 Hamilton Street | Type | Residential Income |
| City | Costa Mesa | Sq.Ft. | 2,972 Sq. Ft. |
| Postal Code | 92627 | Garage | 3 |
| County | Orange | Year Built | 1977 |
| Bed / Bath | 7 / 0 | Parking | 8 |
| Built In | 1977 | Status | Closed |
| Sold Date | 2023-11-22 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Dryer Included, Washer Included |
| EntryLocation | 1 |
| Entry Level | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,341
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 11/22/2023 | Sold | $2,025,000 |
| 11/20/2023 | Pending | $2,195,000 |
| 10/09/2023 | Active Under Contract | $2,195,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Rick Applebaum, Morgan Skenderian. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
