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381 Hamilton Street

Costa Mesa, CA 92627
  • $4,750,000
  • STATUS: CONTINGENT
  • ON SITE: 28 Days
  • ID#: NP21216511
Under Contract
$4,750,000
  • 3
    BEDS
  • 0.61
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

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. 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.

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
www.solisteamrealty.com/homes/121899205
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381 Hamilton Street Costa Mesa, CA 92627

  • Price: $4,750,000
  • Status: CONTINGENT
  • ID#: NP21216511
3
Beds
0
Baths
0
½ Baths
0.61
Acres
Neighborhood:
Oc - Costa Mesa (92627)
County:
Orange
Area:
Oc - Costa Mesa (92627)
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. 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.
Exterior Features

Pool Community/Common Site CurbsSidewalks

Interior Features

Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1

Property Features

Annual Expense Actual 90544 Buildings 3 Cfd Mello Roos Fee 0.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 296340 Sewer Septic Other/Remarks Terms CashExchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit1 Rent Actual 1500.0 Unit2 Rent Actual 1306.0 Zoning Assessor

Listing provided courtesy of Investment Capital Real Estate. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
 
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