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381 Hamilton ST Costa Mesa, CA 92627
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Key Details
Sold Price $4,575,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Costa Mesa Residential Income (Cmri)
MLS Listing ID NP21216511
Year Built 1975
Lot Size 0.610 Acres
Property Description
Located in the highly desirable city of Costa Mesa, one of Orange County's premier rental markets bordering the affluent city of Newport Beach. This
location gives tenants convenient access to world class beaches, the Newport Back Bay Trails, a plethora of hip dining establishments and South Coast
Plaza, the nation's largest shopping center on the West Coast. Built in 1975 on an oversized, 26,572 square foot lot, the Hamilton Apartment
Homes consist of three separate buildings set back from the street with a remote access gate in the front providing added privacy. The large lot and
design layout provide a low-density, quiet residential living environment for tenants. Property features include, fireplaces, vaulted ceilings, pool,
assigned parking, on-site laundry service, and mature landscape throughout. 381 Hamilton Street is a true value-add investment opportunity with 30%±
upside in rents in a prime coastal location, providing a real estate investor increased revenue potential with the right reposition efforts and an excellent
long-term investment property.
Location
State CA
County Orange
Area C4 - Central Costa Mesa
Zoning R4
Interior
Laundry Common Area
Exterior
Pool Community
Community Features Curbs, Street Lights, Sidewalks, Pool
Building
Lot Description Landscaped, Secluded
Story 2
Sewer Public Sewer, Other
Water Public, Other
New Construction No
Others
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange, Submit
Listing Terms Cash, Cash to New Loan, 1031 Exchange, Submit
Special Listing Condition Standard
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Bought with Ignacio Diaz Jr. • Investment Capital Real Estate