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416 Hamilton Street

Costa Mesa, CA 92627
  • $2,095,000
  • STATUS: Active
  • ON SITE: 33 Days
  • ID#: PW23156052
UPDATED: 154 min ago
$2,095,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1973
County:

School Ratings & Info

Listing Agent(s): Nick Gould of Morgan Skenderian (949-251-8800)


Description

We are pleased to present 416 Hamilton Street, a well-maintained, triplex on the Westside of Costa Mesa. The building comprises one (1) 3-Bedroom/2-Bathroom unit with a fireplace, private yard, and washer/dryer hookups. The other two (2) units are 2-Bedroom/2-Bathroom units with their own private yards and washer/dryer hookups. Built in 1973, this property has been exceptionally well maintained by the seller who owner-occupied the 3-Bedroom unit when he purchased the property over 20 years ago. The building offers tenants upgraded units, ample parking with four (4) single-car garages, and two (2) uncovered off-street spaces. There is also ample other open parking.A new investor can capitalize on the upside in rents. There are also options for additional units to be constructed via Costa Mesa's favorable ADU laws.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-24T00:28:43.64. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.
www.romerohometeam.com/homes/142636285
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416 Hamilton Street Costa Mesa, CA 92627

  • Price: $2,095,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 154 min ago
  • ID#: PW23156052
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1973
Built
Neighborhood:
Costa Mesa Triangle (Ctri)
County:
Orange
Area:
C4 - Central Costa Mesa
Property Description
We are pleased to present 416 Hamilton Street, a well-maintained, triplex on the Westside of Costa Mesa. The building comprises one (1) 3-Bedroom/2-Bathroom unit with a fireplace, private yard, and washer/dryer hookups. The other two (2) units are 2-Bedroom/2-Bathroom units with their own private yards and washer/dryer hookups. Built in 1973, this property has been exceptionally well maintained by the seller who owner-occupied the 3-Bedroom unit when he purchased the property over 20 years ago. The building offers tenants upgraded units, ample parking with four (4) single-car garages, and two (2) uncovered off-street spaces. There is also ample other open parking.A new investor can capitalize on the upside in rents. There are also options for additional units to be constructed via Costa Mesa's favorable ADU laws.
Exterior Features

Entry Level 2 Entry Location 3 Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 3 Open Parking Spaces 2 Parking Total 6 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features BikingCurbsGutter(S)Storm Drain(S)SidewalksUrban Electric Expense 800 Fuel Expense 1800 Garage YN Yes Gross Income 93840 Gross Scheduled Income 93840 Insurance Expense 1778 Land Lease YN No Laundry Features Washer HookupElectric Dryer HookupGas Dryer Hookup Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional1031 Exchange Maintenance Expense 3000 Net Operating Income 56909 New Construction YN No New Taxes Expense 23918 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Operating Expense 34116 Property Sub Type Triplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Vacancy Allowance 2815 Vacancy Allowance Rate 3 Water Sewer Expense 100 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-24T00:28:43.64. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.
 
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Romero Home Team | eXp Realty
865 Aerovista Pl, Suite 120
San Luis Obispo CA, 93401
Listing Agent(s): Nick Gould of Morgan Skenderian (949-251-8800)