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416 Hamilton Street

Costa Mesa, CA 92627
  • $2,150,000
  • STATUS: Active
  • ON SITE: 107 Days
  • ID#: NP25185792
Price Reduced
UPDATED: 43 min ago
$2,150,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Westside Costa Mesa Central (Wcmc)
Type:
Multi-Family
Built:
1973
County:
Orange
Area:
C2 - Southwest Costa Mesa

School Ratings & Info

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Listing Agent(s): Nick Gould of Gould Group Inc (949-996-7976)


Description

**BACK ON THE MARKET & PRICE REDUCED** Prime Westside Costa Mesa investment opportunity featuring a well-maintained triplex just minutes from the beach, dining, and entertainment. The property offers a desirable unit mix of (2) 2BR/2BA units and (1) 3BR/2BA unit, each with private garages and updated finishes. One unit has been recently renovated and leased at a premium rent, with additional upside in the remaining units. The sale also includes plans for a new 2BR/2BA ADU, providing immediate value-add potential for investors or owner-users. Ideally located near Triangle Square, Pacific Coast Highway, and major freeways, this property combines strong in-place income with long-term growth in one of Orange Countys most sought-after rental markets.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-12-04T17:35:10.073. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Independent Broker Network. Licensed in the State of California, USA.
www.robynicenhowerproperties.com/homes/167008755
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416 Hamilton Street Costa Mesa, CA 92627

  • Price: $2,150,000
  • Status: Active
  • On Site: 107 Days
  • Updated: 43 min ago
  • ID#: NP25185792
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1973
Built
Neighborhood:
Westside Costa Mesa Central (Wcmc)
County:
Orange
Area:
C2 - Southwest Costa Mesa
Property Description
**BACK ON THE MARKET & PRICE REDUCED** Prime Westside Costa Mesa investment opportunity featuring a well-maintained triplex just minutes from the beach, dining, and entertainment. The property offers a desirable unit mix of (2) 2BR/2BA units and (1) 3BR/2BA unit, each with private garages and updated finishes. One unit has been recently renovated and leased at a premium rent, with additional upside in the remaining units. The sale also includes plans for a new 2BR/2BA ADU, providing immediate value-add potential for investors or owner-users. Ideally located near Triangle Square, Pacific Coast Highway, and major freeways, this property combines strong in-place income with long-term growth in one of Orange Countys most sought-after rental markets.
Exterior Features

Entry Level 2 Entry Location 3 Fencing Wood Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 3 Open Parking Spaces 4 Parking Features Assigned Parking Total 8 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof AsphaltShingle Spa Features None Spa YN No View None View YN No

Interior Features

Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features Family Room Fireplace YN Yes Heating Forced Air Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 3.6 Common Interest Community Apartment Community Features BikingCurbsGutter(s)Storm Drain(s)Street Lights Contingency Buyer to cooperate with sellers on a 1031 exchange at no cost to the buyer. Electric Expense 1000 Fuel Expense 1000 Garage YN Yes Gross Income 119640 Gross Scheduled Income 119640 Insurance Expense 1778 Land Lease YN No Laundry Features Washer HookupElectric Dryer HookupGas Dryer Hookup Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan1031 Exchange Maintenance Expense 7019 Net Operating Income 77178 New Construction YN No New Taxes Expense 25549 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Operating Expense 38873 Pest Control Expense 0 Property Sub Type Triplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TVElectricityGas Trash Expense 1000 Utilities Cable AvailableElectricity AvailableNatural Gas AvailablePhone AvailableSewer AvailableWater Available Vacancy Allowance 3589 Vacancy Allowance Rate 3 Water Sewer Expense 1600 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-12-04T17:35:10.073. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Independent Broker Network. Licensed in the State of California, USA.
 
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Robyn Graham & Associates | Independent Broker Network
1148 N. Chinowth Suite A
Visalia CA, 93291
Listing Agent(s): Nick Gould of Gould Group Inc (949-996-7976)