10
See all 10 photos
$3,350,000
Est. payment /mo
5 Beds
4 Baths
New
432 Hamilton Street Costa Mesa, CA 92627
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID NP25174755
Bedrooms 5
Property Sub-Type Res Income 2-4 Units
Property Description
432 Hamilton Street is a fully renovated five-unit multifamily investment property located in Costa Mesas 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 Countys most sought-after rental markets.
Location
State CA
County Orange
Zoning Assessor
Direction Located off Harbor Blvd, just south of Victoria Street.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 41917130
Listed by Nick Gould Gould Group Inc