$2,099,000
PENDING $151K PRICE DROP

416 Hamilton St Costa Mesa, CA 92627

Total Views 24,023
7 Beds
6 Baths
3,232 Sq Ft
$649 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

**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 $38,336
  • Gross Income $119,640
  • Net Operating Income $77,178

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

8,795 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 3.70
  • 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: 649.44

Exterior Features

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

Garage/Parking

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

Utilities

  • Utilities: Water Available, Sewer Available, Phone Available, Natural Gas Available, Cable Available, Electricity 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: Gutters, Curbs, Biking, Street Lights, Storm Drains

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: Gas, Cable TV, Electricity

Multi Family

  • Electric Expense: 1000.00
  • Fuel Expense: 1000.00
  • Gross Income: 119640.00
  • Gross Multiplier: 17.54
  • 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: 38336.00
  • 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

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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 $17,409 $1,462,239 $1,253,556 $208,683
2024 $17,409 $1,433,568 $1,228,976 $204,592
2023 $16,852 $1,405,459 $1,204,878 $200,581
2022 $16,376 $1,377,901 $1,181,252 $196,649
2021 $15,899 $1,350,884 $1,158,090 $192,794
2020 $15,704 $1,337,033 $1,146,215 $190,818
2019 $15,360 $1,310,817 $1,123,740 $187,077
2018 $15,049 $1,285,115 $1,101,706 $183,409
2017 $14,799 $1,259,917 $1,080,104 $179,813
2016 $14,487 $1,235,213 $1,058,925 $176,288
2015 $14,352 $1,216,659 $1,043,019 $173,640
2014 $14,032 $1,192,827 $1,022,588 $170,239
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/10/2026 02/10/26 Pending -- -- --
01/13/2026 01/13/26 Price Changed $2,099,000 -2.4% $649 / 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

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