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Listed by Nick Gould • Gould Group Inc
$ 3,350,000
Est. payment /mo
Active
432 Hamilton Street Costa Mesa, CA 92627
4,522 SqFt
UPDATED:
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