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8,800 Sqft Lot
UPDATED:
12/19/2024 09:02 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRNP24144841
Originating Board California Regional MLS
Year Built 2024
Lot Size 8,800 Sqft
Property Description
Pleased to present 432 Hamilton Street, a turnkey 5 Unit apartment complex in Costa Mesa's gentrifying west side neighborhood. This complex offers an excellent 5.1% Cap Rate return at the new tax basis and was recently appraised for $3.87M. Two brand new 2 bedroom, 2 bath apartments, each 775 SF, were constructed in 2024. The previously existing 3 unit building was painstakingly improved and upgraded in 2023 with new kitchen cabinets, stone counter tops, new appliances, fixtures, lighting, vanities, shower enclosures and much more. The exterior of the previously existing 3 unit building has been recently repainted and the all the windows and sliding glass doors are brand new. The 3 unit building includes two large 2 bedroom, 2 bath apartments and one generously sized 3 bedroom, 2 bath apartment. Each unit in the previously existing 3 unit building also enjoys a private patio or balcony, and one of the units has a large yard. Each of the 5 units has a brand new, refrigerator, microwave, and washer/dryer. There are 5 off street parking spaces (3 standard and 2 tandem).
Location
State CA
County Orange
Area 699 - Not Defined
Rooms
Kitchen Microwave, Refrigerator
Interior
Laundry 30, Dryer
Exterior
Parking Features Other
Garage Spaces 5.0
Pool 31, None
Building
Water District - Public
Others
Tax ID 41917130
Special Listing Condition Not Applicable
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Listed by Mark Simon • Berkshire Hathaway Homeservice
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Sharad Gupta
Broker | License ID: 02213637
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