432 Hamilton ST new Save Request In-Person Tour Request Virtual Tour
Costa Mesa,CA 92627
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25166616
Year Built 1977
Lot Size 0.378 Acres
Property Sub-Type Triplex
Property Description
FANTASTIC INVESTMENT OPPORTUNITY in Costa Mesa's rapidly developing Westside. This TURNKEY TRIPLEX PLUS 2 ADUs has excellent cash flow with a master lease tenant and can yield a 5% Cap Rate!!! The triplex is comprised of 2 buildings - Building 1 (approx 2,972 sqft) is comprised of 3 Units - UNIT A - single level 3 bed 2 bath unit with no one above, UNIT B - 2 bed 2 bath lower level unit, and UNIT C - 2 bed 2 bath upper level unit. Building 2 (approx 1,550 sqft) - is the FULLY PERMITTED ADUs added in 2024 - UNIT D & E - include two single level 2 bed 2 bath units.. Generating $19,000 in monthly gross rents and a 5.34% cap rate, the property maintains low estimated operating expenses of just $4,085/month, including property taxes. All units have refrigerators, split AC systems, separate water heaters, and individual mailboxes. Units A, D, & E offer in-unit laundry, while Units B & C have a shared laundry room. The building has one shared water meter but is separately metered for gas and electricity. Each unit also enjoys private outdoor space, either a yard, balcony, or patio. A master tenant is currently in place, simplifying management and rent collection. Recent exterior upgrades include new paint, landscaping, Dual-pane windows, and sliding glass doors. There are six off-street parking spots: four standard and two tandem. Located minutes from the beach, Newport Harbor, Triangle Square, and the shops and dining along 17th Street, this turnkey asset offers strong income, quality improvements, and future upside in one of Orange County's most desirable coastal submarkets.
Contact the listing agent for the rent roll, financials, and additional details.
Location
State CA
County Orange
Area 699 - Not Defined
Rooms
Other Rooms Two On A Lot
Interior
Heating Central,Electric,Zoned
Cooling Central Air,Electric,Zoned
Flooring Tile,Vinyl
Fireplaces Type None
Laundry Laundry Room
Exterior
Parking Features Driveway,Paved
Pool None
Community Features Street Lights,Suburban
Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
View Y/N No
View None
Building
Lot Description 2-5 Units/Acre,Front Yard,Landscaped,Near Public Transit,Street Level
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan,Conventional,1031 Exchange
Listing Terms Cash,Cash to New Loan,Conventional,1031 Exchange
Special Listing Condition Standard