Costa Mesa, CA 92627,381 Hamilton ST
Costa Mesa, CA 92627,381 Hamilton ST
Costa Mesa, CA 92627,381 Hamilton ST
6
$4,575,000
Est.Price: ?

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0.61 Acres Lot

381 Hamilton ST Costa Mesa, CA 92627

Est. payment /mo
SOLD DATE : 12/10/2021

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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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California Regional MLS (CRMLS)
Listed by Ignacio Diaz Jr. • Investment Capital Real Estate
Bought with Ignacio Diaz Jr. • Investment Capital Real Estate

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