10
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Listed by Nick Gould • Gould Group Inc
$3,350,000
Est. payment /mo
0.38 Acres Lot
Active
432 Hamilton ST Costa Mesa, CA 92627
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRNP25174755
Year Built 1977
Lot Size 0.378 Acres
Source California Regional MLS
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 Forced Air
Cooling Other
Laundry 30, 38
Exterior
Parking Features Assigned Spaces
Garage Spaces 6.0
Pool 31, None
View None
Building
Water District - Public
Others
Tax ID 41917130
Special Listing Condition Not Applicable
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