NOT LISTED FOR SALE

353 Hamilton St Costa Mesa, CA 92627

10 Beds
8 Baths
5,173 Sq Ft
0.25 Acres

Last Sold August 07, 2024

Last sale price $2,775,000 $536 Per Sq Ft

48 Days on Market

Highlights

  • Golf Course Community
  • No HOA
  • Laundry Room
  • Costa Mesa High School Rated A-
  • Park
  • 6 Car Garage

About This Home

As of August 2024

We are pleased to present 353 Hamilton Street in Costa Mesa, a 6-unit multifamily property on a large corner lot of 11,065 square feet (1/4 acre) with huge upsides in rents. Excellent mix of units with two 2bd/2ba, two 2bd/1ba, and two 1bd/1ba. This property is located in an excellent residential income area with easy access to the 55 freeway. Ideally located close to nearby shopping, restaurants, parks, golf courses, Newport Beach, Huntington Beach, and Newport Harbor.

Last Agent to Sell the Property

Todd Frelinger

Prime Equity Properties, Inc. Brokerage Phone: 949-416-9856 License #01748434 Listed on: 04/02/2024

Last Buyer's Agent

Lin Fan

IRN Realty License #01930533

IRN Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 0.25 Acre Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage
  • Parking Available

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 5,173 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Listing and Financial Details

  • Tax Lot 19
  • Tax Tract Number 9
  • Assessor Parcel Number 41918125

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units
  • Westside Costa Mesa South Subdivision

Recreation

  • Golf Course Community
  • Park
  • Bike Trail

Building Details

  • 6 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Cable TV Expense $240
  • Electric Expense $300
  • Fuel Expense $2,221
  • Insurance Expense $7,897
  • Maintenance Expense $3,085
  • Pest Control $348
  • Trash Expense $3,342
  • Water Sewer Expense $4,205
  • New Taxes Expense $30,000
  • Operating Expense $51,892
  • Gross Income $139,055
  • Net Operating Income $87,163

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Parking

6

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Westside Costa Mesa South (WSCM)
  • Water Sewer Expenses: 4205.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 41918125
  • Year Built: 1977
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 536.44

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Garage, On Site
  • Total Parking Spaces: 15.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Pest Control Expense: 348.00
  • Sewer: Public Sewer
  • Trash Expense: 3342.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Golf, Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 11065.00
  • Lot Size Acres: 0.2540
  • Latitude Manual: 33.65053800

Multi Family

  • Cable TV Expense: 240.00
  • Electric Expense: 300.00
  • Fuel Expense: 2221.00
  • Gross Operating Income: 139055.00
  • Gross Scheduled Income: 139055.00
  • Insurance Expense: 7897.00
  • Lot Size Area: 11065.0000 Square Feet
  • Maintenance Expense: 3085.00
  • Net Operating Income: 87163.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 51892.00
  • Rent Control: No
  • Total Actual Rent: 11588.00
  • Total Expenses: 51892.00

Tax Info

  • New Taxes Expense: 30000.00
  • Tax Census Tract: 637.02
  • Tax Lot: 19
  • Tax Tract Number: 9
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Property History

Date Event Price List to Sale Price per Sq Ft
08/07/2024 08/07/24 Sold $2,775,000 +3.0% $536 / Sq Ft
05/20/2024 05/20/24 Pending -- -- --
04/02/2024 04/02/24 For Sale $2,695,000 -- $521 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,404 $2,775,000 $2,397,666 $377,334
2024 $13,404 $971,557 $482,932 $488,625
2023 $12,911 $952,507 $473,462 $479,045
2022 $12,188 $933,831 $464,179 $469,652
2021 $11,549 $915,521 $455,077 $460,444
2020 $11,440 $906,134 $450,411 $455,723
2019 $11,239 $888,367 $441,579 $446,788
2018 $11,035 $870,949 $432,921 $438,028
2017 $10,853 $853,872 $424,432 $429,440
2016 $10,624 $837,130 $416,110 $421,020
2015 $10,511 $824,556 $409,860 $414,696
2014 $10,269 $808,405 $401,832 $406,573
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24062099

California Regional Multiple Listing Service (CRMLS)

APN: 419-181-25