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 4.8% 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).
Property Details
Property Features
Property Information:
Year Built: 2024
Stories: 2
Listing Office:
Office Name: Berkshire Hathaway Homeservice
Office Phone: (949) 872-8322
Listing Agent: Mark Simon
Interior Features
Interior Information:
Appliances: Microwave, Refrigerator, Dryer
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Parking: Driveway
Lot Features
Lot Information:
Lot Size: 0.20 Acres
Other
Directions Information:
Directions: Harbor and Hamilton are the main cross streets.
Price Information
Listing Price Info
Price Summary:
List Price: $3,750,000
Tax Information:
Annual Amount: $14,529
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Costa Mesa, CA.
This property is $2.3M more than the Median Sold Price in Costa Mesa, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #NP24144841
Listing Office:
Office Name: Berkshire Hathaway Homeservice
Office Phone: (949) 872-8322
Listing Agent: Mark Simon
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/17/2024, 12:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Sep 14, 2005
Sep 14, 2005Home Sold
$1,025,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$14,529
$1,294,072
2020
$14,389
$1,280,803
2019
$13,832
$1,255,690
2018
$13,833
$1,231,069
2017
$12,204
$1,075,000
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Rea Elementary School
661 Hamilton St
Distance between this listing and this school0.48 miles
Public District Grades KG-6
5
/10
Pomona Elementary School
2051 Pomona Ave
Distance between this listing and this school0.62 miles
Public District Grades KG-6
4
/10
College Park Elementary School
2380 Notre Dame Rd
Distance between this listing and this school0.79 miles
Public District Grades KG-6
Nearby Schools
8
/10
Ensign Intermediate School
2000 Cliff Dr
Distance between this listing and this school2.18 miles
Public District Grades 7-8
4
/10
Tewinkle Middle School
3224 CA Ave
Distance between this listing and this school2.57 miles
Public District Grades 7-8
7
/10
Isaac L. Sowers Middle School
9300 Indianapolis Ave
Distance between this listing and this school2.89 miles
Public District Grades 6-8
Nearby Schools
6
/10
Estancia High School
2323 Placentia Ave
Distance between this listing and this school1.10 miles
Public District Grades 9-12
6
/10
Monte Vista High/Cloud Campus
390 Monte Vista Ave
Distance between this listing and this school1.59 miles
Public District Grades KG-12
6
/10
Costa Mesa Middle and High School
2650 Fairview Rd
Distance between this listing and this school1.59 miles
The neighbors living near this home have an average income of $59,229. Typical income of Costa Mesa, CA residents is between $35k-100k annually. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 432 Hamilton St
What is the listing price of this property?
The listing price of 432 Hamilton St property is $3,750,000.
What type of property is this?
The property 432 Hamilton St is a condo located in Costa Mesa, California, 92627.
Is this property for sale now?
Active Listing: 432 Hamilton St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $14,529 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on September 14, 2005 for $1,025,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 432 Hamilton St is 2024.
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This home is located at 432 Hamilton St in Costa Mesa, CA and zip code 92627 in the College Park neighborhood. This home, which was built in 2024, sits on a 0.20 acre lot. It has been listed on Rocket Homes since July 16, 2024 and is currently priced at $3,750,000.
In October 2024, from all listings sold in Costa Mesa, CA there were more than 18 sold above asking price, over 35 sold below and more than 6 were sold right at the asked price. The number of homes for sale in Costa Mesa, CA increased by 4.3% between September 2024 and October 2024. While the average time on the market in October 2024 was 28 days, the median list price was $1,366,500.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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