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416 Hamilton St 3 Unit Apartment Building $2,150,000 ($716,667/Unit) 3.59% Cap Rate Costa Mesa, CA 92627
INVESTMENT HIGHLIGHTS
- **Reduced Price**
- Large 3 & 2-Bedroom Units
- Private Patios & Yards, Washer/Dryer Hook-Ups
- Property to be delivered with ADU Plans
- Ample Garage & Off-Street Parking
EXECUTIVE SUMMARY
**Back on Market & Price Reduced**
416 Hamilton Street – Prime Costa Mesa Triplex Investment Opportunity
Now offered at $2,199,000, this well-maintained triplex in Costa Mesa’s sought-after Westside neighborhood features a strong rental profile and additional upside potential. The property consists of (1) 3BR/2BA unit and (2) 2BR/2BA units, with one two-bedroom recently renovated and leased for $3,700/month. Tenants enjoy ample parking with four single-car garages plus four additional spaces.
As part of the sale, the property will be delivered with plans for a new 2BR/2BA ADU, allowing a buyer to break ground quickly and boost income potential. The location offers excellent access to the beach, 17th Street retail, Triangle Square, and major freeways, making it highly attractive to tenants and investors alike.
Whether you’re seeking stable income, value-add upside, or a prime coastal location, 416 Hamilton Street offers a rare chance to secure a versatile asset in one of Orange County’s fastest-growing rental markets.
416 Hamilton Street – Prime Costa Mesa Triplex Investment Opportunity
Now offered at $2,199,000, this well-maintained triplex in Costa Mesa’s sought-after Westside neighborhood features a strong rental profile and additional upside potential. The property consists of (1) 3BR/2BA unit and (2) 2BR/2BA units, with one two-bedroom recently renovated and leased for $3,700/month. Tenants enjoy ample parking with four single-car garages plus four additional spaces.
As part of the sale, the property will be delivered with plans for a new 2BR/2BA ADU, allowing a buyer to break ground quickly and boost income potential. The location offers excellent access to the beach, 17th Street retail, Triangle Square, and major freeways, making it highly attractive to tenants and investors alike.
Whether you’re seeking stable income, value-add upside, or a prime coastal location, 416 Hamilton Street offers a rare chance to secure a versatile asset in one of Orange County’s fastest-growing rental markets.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$119,640
|
$37.02
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,589
|
$1.11
|
| Effective Gross Income |
$116,051
|
$35.91
|
| Taxes |
$22,613
|
$7.00
|
| Operating Expenses |
$16,260
|
$5.03
|
| Total Expenses |
$38,873
|
$12.03
|
| Net Operating Income |
$77,178
|
$23.88
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $119,640 |
| Annual Per SF | $37.02 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,589 |
| Annual Per SF | $1.11 |
| Effective Gross Income | |
|---|---|
| Annual | $116,051 |
| Annual Per SF | $35.91 |
| Taxes | |
|---|---|
| Annual | $22,613 |
| Annual Per SF | $7.00 |
| Operating Expenses | |
|---|---|
| Annual | $16,260 |
| Annual Per SF | $5.03 |
| Total Expenses | |
|---|---|
| Annual | $38,873 |
| Annual Per SF | $12.03 |
| Net Operating Income | |
|---|---|
| Annual | $77,178 |
| Annual Per SF | $23.88 |
PROPERTY FACTS
| Price | $2,150,000 | Apartment Style | Low-Rise |
| Price Per Unit | $716,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 3.59% | Building Size | 3,232 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 17.97 | No. Stories | 2 |
| No. Units | 3 | Year Built | 1973 |
| Property Type | Multifamily | Parking Ratio | 1.86/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R2-MD | ||
| Price | $2,150,000 |
| Price Per Unit | $716,667 |
| Sale Type | Investment |
| Cap Rate | 3.59% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 17.97 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 3,232 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.86/1,000 SF |
| Zoning | R2-MD |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Fireplace
- Ceiling Fans
- Tile Floors
- Kitchen
- Granite Countertops
- Hardwood Floors
- Carpet
- Family Room
- Garden
- Lawn
- Patio
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 2 | $3,475 | - |
| 3+2 | 1 | $3,020 | - |
1 1
Walk Score®
Very Walkable (71)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 419-171-11 | Total Assessment | $1,462,239 (2025) |
| Land Assessment | $1,253,556 (2025) | Annual Taxes | $22,613 ($7.00/SF) |
| Improvements Assessment | $208,683 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
419-171-11
Land Assessment
$1,253,556 (2025)
Improvements Assessment
$208,683 (2025)
Total Assessment
$1,462,239 (2025)
Annual Taxes
$22,613 ($7.00/SF)
Tax Year
2024
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416 Hamilton St
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