$2,150,000
$100K PRICE DROP

416 Hamilton St Costa Mesa, CA 92627

Estimated payment $13,426/month

Total Views 9,142
7 Beds
6 Baths
3,232 Sq Ft
$665 Price per Sq Ft

Highlights

  • No HOA
  • Laundry Room
  • Bike Trail
  • Costa Mesa High School Rated A-
  • Forced Air Heating System
  • Wood Fence

About This Home

**BACK ON THE MARKET & PRICE REDUCED** Prime Westside Costa Mesa investment opportunity featuring a well-maintained triplex just minutes from the beach, dining, and entertainment. The property offers a desirable unit mix of (2) 2BR/2BA units and (1) 3BR/2BA unit, each with private garages and updated finishes. One unit has been recently renovated and leased at a premium rent, with additional upside in the remaining units. The sale also includes plans for a new 2BR/2BA ADU, providing immediate value-add potential for investors or owner-users. Ideally located near Triangle Square, Pacific Coast Highway, and major freeways, this property combines strong in-place income with long-term growth in one of Orange County’s most sought-after rental markets.

Listing Agent

Nick Gould

Gould Group Inc Brokerage Email: ng@gouldgroupinc.com License #01521955 Listed on: 08/18/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 8,795 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Density is 2-5 Units/Acre

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Triplex
  • Entry on the 2nd floor
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 3,232 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Forced Air Heating System
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 247
  • Assessor Parcel Number 41917111
  • $2,325 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Westside Costa Mesa Central Subdivision

Recreation

  • Bike Trail

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,000
  • Fuel Expense $1,000
  • Gardener Expense $1,320
  • Insurance Expense $1,778
  • Maintenance Expense $7,019
  • Trash Expense $1,000
  • Water Sewer Expense $1,600
  • New Taxes Expense $25,549
  • Operating Expense $38,873
  • Gross Income $119,640
  • Net Operating Income $77,178

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

0

Parking

4

Listing Details

  • CapRate: 3.60
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Westside Costa Mesa Central (WCMC)
  • View: No
  • Water Sewer Expenses: 1600.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1320.00
  • Parcel Number: 41917111
  • Year Built: 1973
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 2
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 665.22

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Asphalt, Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Gas & Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1000.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Gutters, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 8795.00
  • Lot Size Acres: 0.2019

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 1000.00
  • Fuel Expense: 1000.00
  • Gross Income: 119640.00
  • Gross Multiplier: 17.97
  • Gross Operating Income: 116051.00
  • Gross Scheduled Income: 119640.00
  • Insurance Expense: 1778.00
  • Lot Size Area: 8795.0000 Square Feet
  • Maintenance Expense: 7019.00
  • Maintenance Percent: 6.00
  • Net Operating Income: 77178.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 38873.00
  • Operating Expense Percent: 32.90
  • Rent Control: Yes
  • Total Expenses: 38873.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 25549.00
  • Tax Census Tract: 637.02
  • Tax Lot: 10
  • Tax Tract Number: 247
  • TaxOtherAnnualAssessmentAmount: 2325.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2025 12/01/25 Price Changed $2,150,000 -2.2% $665 / Sq Ft
09/23/2025 09/23/25 Price Changed $2,199,000 -2.3% $680 / Sq Ft
08/18/2025 08/18/25 For Sale $2,250,000 -- $696 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP25185792

California Regional Multiple Listing Service (CRMLS)

APN: 419-171-11

California Orange County Costa Mesa 92627

416 Hamilton St, Costa Mesa, CA

For Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Nick Gould
Listing Agent
Nick Gould
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Gould Group Inc
(949) 696-4345