Property Details
About this Property
432 Hamilton Street is a fully renovated five-unit multifamily investment property located in Costa Mesa’s 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 County’s most sought-after rental markets.
MLS Listing Information
MLS #
CRNP25174755
MLS Source
California Regional MLS
Days on Site
16
Interior Features
Cooling
Other
Heating
Central Forced Air
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Garage: 0 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 5 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
432 Hamilton St is a Residential Income in Costa Mesa, CA 92627. This – square foot property sits on a 16,483 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,350,000 and was built in 1977. This address can also be written as 432 Hamilton St, Costa Mesa, CA 92627.
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This listing information is up-to-date as of August 05, 2025. For the most current information, please contact Nick Gould
