NOT LISTED FOR SALE

415 Hamilton St Costa Mesa, CA 92627

7 Beds
5 Baths
2,900 Sq Ft
9,792 Sq Ft Lot

Last Sold July 26, 2022

Last sale price $1,475,000 $509 Per Sq Ft

16 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Bike Trail
  • Costa Mesa High School Rated A-
  • Laundry Room
  • Wall Furnace

About This Home

As of July 2022

Unique 3-Unit investment opportunity on extra-large lot and close to the beach in Costa Mesa!! This property consists of a good sized free-standing 3bd 2.5ba house in the front that is in very good condition, and a separate duplex in the back, each unit with 2bd 1ba. The last unit in the back has an extra-large back yard with HUGE potential. Both the rear unit and yard are in need of some TLC. Located on a quiet street between Newport Blvd and Harbor Blvd, it is close to all Costa Mesa amenities. This property has lots of potential with plenty of room for upside in rents. Call agents for details and special condition notes.

Last Agent to Sell the Property

David Sanford

David Sanford, Broker License #00826382 Listed on: 04/20/2022

Co-Listed By

Gaston Sanford

David Sanford, Broker License #02023145

Last Buyer's Agent

David Sanford

David Sanford, Broker License #00826382 Listed on: 04/20/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 9,792 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 7 Open Parking Spaces
  • 1 Car Garage

Home Design

  • 2,900 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 10
  • Tax Tract Number 247
  • Assessor Parcel Number 41918114
  • $1,997 per year additional tax assessments

Community Details

Overview

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

Recreation

  • Bike Trail

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Electric Expense $666
  • Fuel Expense $669
  • Gardener Expense $1,070
  • Insurance Expense $2,950
  • Professional Management Expense $3,840
  • Water Sewer Expense $1,487
  • New Taxes Expense $18,300
  • Operating Expense $28,982
  • Gross Income $80,100
  • Net Operating Income $51,118

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

1

Listing Details

  • Professional Management Expense: 3840.00
  • Property Attached: Yes
  • Subdivision Name Other: Westside Costa Mesa South (WSCM)
  • View: No
  • Water Sewer Expenses: 1487.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1070.00
  • Parcel Number: 41918114
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Levels: One, Two
  • Price Per Square Foot: 508.62

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 7.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 9792.00
  • Lot Size Acres: 0.2248

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 666.00
  • Fuel Expense: 669.00
  • Gross Income: 80100.00
  • Gross Operating Income: 80100.00
  • Gross Scheduled Income: 80100.00
  • Insurance Expense: 2950.00
  • Lot Size Area: 9792.0000 Square Feet
  • Net Operating Income: 51118.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 28982.00
  • Rent Control: Yes
  • Total Actual Rent: 6675.00
  • Total Expenses: 28982.00

Tax Info

  • New Taxes Expense: 18300.00
  • Tax Census Tract: 637.02
  • Tax Lot: 10
  • Tax Tract Number: 247
  • TaxOtherAnnualAssessmentAmount: 1997.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Property History

Date Event Price List to Sale Price per Sq Ft
07/26/2022 07/26/22 Sold $1,475,000 -3.3% $509 / Sq Ft
05/06/2022 05/06/22 Pending -- -- --
04/20/2022 04/20/22 For Sale $1,525,000 -- $526 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $18,489 $1,534,590 $1,430,550 $104,040
2024 $18,489 $1,504,500 $1,402,500 $102,000
2023 $17,894 $1,475,000 $1,375,000 $100,000
2022 $17,985 $1,500,000 $1,400,000 $100,000
2021 $14,079 $1,148,327 $1,056,693 $91,634
2020 $13,888 $1,136,553 $1,045,858 $90,695
2019 $13,573 $1,114,268 $1,025,351 $88,917
2018 $13,294 $1,092,420 $1,005,246 $87,174
2017 $13,081 $1,071,000 $985,535 $85,465
2016 $12,812 $1,050,000 $966,210 $83,790
2015 $10,947 $868,694 $770,433 $98,261
2014 $10,712 $851,678 $755,341 $96,337
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP22079445

California Regional Multiple Listing Service (CRMLS)

APN: 419-181-14