432 Hamilton Street, Costa Mesa, CA 92627 - MLS#NP25174755

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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$3,350,000

Est. payment - /mo

5 Beds

4 Baths

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID NP25174755

Bedrooms 5

Property Sub-Type Res Income 2-4 Units

Property Description

432 Hamilton Street is a fully renovated five-unit multifamily investment property located in Costa Mesas 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 Countys most sought-after rental markets.

Location

State CA

County Orange

Zoning Assessor

Direction Located off Harbor Blvd, just south of Victoria Street.

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 41917130

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Listed by Nick Gould Gould Group Inc

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Arash Rokni

REALTOR® | CADRE# 02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

432 Hamilton Street Costa Mesa, CA 92627

Arash Rokni

Key Details

Location

Interior

Exterior

Building

Others

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