432 Hamilton Street Active Save Request In-Person Tour Request Virtual Tour
Costa Mesa,CA 92627
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 4,522 sqft
Price per Sqft $740
MLS Listing ID NP-25174755
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
Fireplaces Type None
Laundry Gas & Electric Dryer Hookup,Washer Hookup
Exterior
Parking Features Assigned
Pool None
Community Features Sidewalks,Storm Drains
View Y/N No
View None
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer