NOT LISTED FOR SALE
4 Beds
4 Baths
17,952 Sq Ft
0.53 Acre Lot

Sale Details

Date Sold: February 24, 2022

Last sale price $9,005,000 $502 Per Sq Ft

5 Days on Market

Highlights

  • 0.53 Acre Lot
  • No HOA
  • Living Room
  • Wood Flooring
  • Double Pane Windows
  • Guest Parking

About This Home

As of February 2022

We are pleased to present the opportunity to acquire 607 Hamilton Street, an 11 unit multifamily building located in the City of Costa Mesa, one of Orange County’s premiere rental markets. Built in 1988 and situated on an approximate 23,000 plus square foot lot, 607 Hamilton offers 11 spacious units featuring 4 bedrooms, 4 bathrooms, attached 2 car garage, and approximately 1,632 square feet of living space. This meticulously maintained asset is available for the first time since being built and offers significant upgrades such as dual pane windows throughout, upgraded laundry facility, a new roof installed in 2020, and all new duct work completed in 2021. Tenants enjoy close proximity to major freeways, beaches, The Triangle, and all the amenities Harbor Blvd has to offer.

Last Agent to Sell the Property

Tim Carr

Pacific Sotheby's Int'l Realty License #01017277 Listed on: 01/19/2022

Last Buyer's Agent

Daniel Blackwell

CB Richard Ellis, Inc. License #01854961

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 23,026 Sq Ft Lot
  • Two or More Common Walls
  • Vinyl Fence
  • Sprinkler System

Parking

  • 2 Car Garage
  • Parking Available
  • Guest Parking

Home Design

  • Apartment
  • Composition Roof

Interior Spaces

  • 17,952 Sq Ft Home
  • Double Pane Windows
  • Living Room
  • Living Room Balcony
  • Laundry in unit

Kitchen

  • Electric Oven
  • Gas Cooktop
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Tax Lot 21
  • Tax Tract Number 247
  • Assessor Parcel Number 42213134

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 11 Units

Amenities

  • Laundry Facilities

Building Details

  • 11 Leased Units
  • Rent Control
  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 13 Separate Water Meters
  • Electric Expense $840
  • Gardener Expense $7,000
  • Insurance Expense $11,300
  • Pest Control $972
  • Trash Expense $5,676
  • Water Sewer Expense $1,800
  • Operating Expense $132,516
  • Gross Income $452,760
  • Net Operating Income $308,161

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0.53 Acres

Parking

2

Listing Details

  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 1800.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 7000.00
  • Parcel Number: 42213134
  • Year Built: 1988
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Living Room Balcony
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Price Per Square Foot: 501.62
  • Room Type: Kitchen, Living Room
  • Window Features: Double Pane Windows

Exterior Features

  • Fence: Yes
  • Fencing: Vinyl
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Guest
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Gas Cooktop
  • Laundry Features: Community, Inside
  • Pest Control Expense: 972.00
  • Sewer: Public Sewer
  • Trash Expense: 5676.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 20000-39999 Sqft, Sprinkler System
  • Lot Size Sq Ft: 23026.00
  • Lot Size Acres: 0.5286

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Electric Expense: 840.00
  • Gross Income: 452760.00
  • Gross Scheduled Income: 452760.00
  • Insurance Expense: 11300.00
  • Lot Size Area: 23026.0000 Square Feet
  • Net Operating Income: 308161.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 13
  • Number Of Units Leased: 11
  • Number Of Units Total: 11
  • Operating Expense: 132516.00
  • Rent Control: Yes
  • Total Actual Rent: 37730.00
  • Total Expenses: 132516.00

Tax Info

  • Tax Census Tract: 637.02
  • Tax Lot: 21
  • Tax Tract Number: 247

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 6, 2023
Sold by
Bought by

Purchase Details

Closed on
Aug 16, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 13, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 19, 2022
Closed on
Feb 22, 2022
Sold by
Bought by
Seller's Agent
Tim Carr
Pacific Sotheby's Int'l Realty
Buyer's Agent
Daniel Blackwell
CB Richard Ellis, Inc.
List Price
$8,995,000
Sold Price
$9,005,000
Premium/Discount to List
$10,000
0.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,200,000
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 29, 2015
Sold by
Bought by

Purchase Details

Closed on
Dec 31, 2008
Sold by
Bought by

Purchase Details

Closed on
Nov 7, 2005
Sold by
Bought by

Purchase Details

Closed on
Aug 22, 2005
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
-- None Listed On Document
-- Palmieri Tyler Wiener Wilhelm
-- None Listed On Document
$9,005,000 Wfg National Title
-- None Available
-- None Available
-- None Available
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $3,000,000
Previous Owner $2,200,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/24/2022 02/24/22 Sold $9,005,000 +0.1% $502 / Sq Ft
01/24/2022 01/24/22 Pending -- -- --
01/19/2022 01/19/22 For Sale $8,995,000 -- $501 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $105,428 $9,556,178 $7,959,060 $1,597,118
2025 $103,315 $9,368,802 $7,803,000 $1,565,802
2024 $103,315 $9,185,100 $7,650,000 $1,535,100
2023 $100,377 $9,005,000 $7,500,000 $1,505,000
2022 $25,216 $1,964,430 $471,476 $1,492,954
2021 $23,807 $1,925,912 $462,231 $1,463,681
2020 $23,563 $1,906,165 $457,492 $1,448,673
2019 $23,141 $1,868,790 $448,522 $1,420,268
2018 $22,713 $1,832,148 $439,728 $1,392,420
2017 $22,334 $1,796,224 $431,106 $1,365,118
2016 $21,861 $1,761,004 $422,653 $1,338,351
2015 $21,633 $1,734,553 $416,305 $1,318,248
2014 -- $1,700,576 $408,150 $1,292,426
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP21258458

California Regional Multiple Listing Service (CRMLS)

APN: 422-131-34

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