NOT LISTED FOR SALE

780 Hamilton St Costa Mesa, CA 92627

Westside Costa Mesa Neighborhood
3 Beds
3 Baths
26,820 Sq Ft
1.29 Acres

Last Sold December 22, 2015

Last sale price $9,800,000 $365 Per Sq Ft

3 Days on Market

Highlights

  • Filtered Pool
  • 1.29 Acre Lot
  • No HOA

About This Home

As of December 2015

Hamilton Place Apartments offers its tenants two quiet, secluded, and lush courtyard area's, each with a swimming pool. With a desirable unit mix, parking that includes 40 garages and 38 open spaces, two swimming pools, and an on-site laundry facility, this property is primed to be repositioned. The surrounding area demonstrates real growth through multiple SFR developments less than a mile from the subject property with sales starting at $650,000 to $700,000 and exceeding $950,000. This is an opportunity not to be missed.

Last Agent to Sell the Property

Mike Marcu

Mike Marcu, Broker License #00919594 Listed on: 10/20/2015

Last Buyer's Agent

Mike Marcu

Mike Marcu, Broker License #00919594 Listed on: 10/20/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 1.29 Acre Lot
  • 1 Common Wall
  • Density is 11-15 Units/Acre

Parking

  • 40 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 26,820 Sq Ft Home
  • 2-Story Property
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Pool

  • Filtered Pool
  • In Ground Pool
  • Gunite Pool
  • Pool Tile

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection, water
  • Tax Lot 06
  • Tax Tract Number 461
  • Assessor Parcel Number 42246105

Community Details

Overview

  • No Home Owners Association
  • 6 Buildings
  • 40 Units

Recreation

  • Community Pool

Building Details

  • Rent Control
  • 40 Separate Electric Meters
  • 40 Separate Gas Meters
  • Electric Expense $474
  • Gardener Expense $1,200
  • Insurance Expense $4,248
  • Maintenance Expense $30,602
  • Pool Expense $4,599
  • Professional Management Expense $36,722
  • Supplies Expense $1,200
  • Trash Expense $3,000
  • Water Sewer Expense $10,623
  • New Taxes Expense $115,112
  • Gross Income $51,136
  • Net Operating Income $387,291

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Parking

40

Listing Details

  • Professional Management Expense: 36722.00
  • Property Attached: Yes
  • Supplies Expense: 1200.00
  • Water Sewer Expenses: 10623.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 42246105
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 365.40

Exterior Features

  • Pool Expense: 4599.00
  • Pool Features: Community, Filtered, Gunite, In Ground, Tile
  • Pool Private: Yes

Garage/Parking

  • Garage Spaces: 40.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 156.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 3000.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 56100.00
  • Price Per Lot Square Foot: 174.69
  • Lot Size Acres: 1.2880

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection, Water

Multi Family

  • Electric Expense: 474.00
  • Gross Income: 51136.00
  • Gross Scheduled Income: 630972.00
  • Insurance Expense: 4248.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 56100.0000 Square Feet
  • Maintenance Expense: 30602.00
  • Net Operating Income: 387291.00
  • Number Of Separate Electric Meters: 40
  • Number Of Separate Gas Meters: 40
  • Number Of Units Total: 40
  • Operating Expense: 224752.00
  • Other Income Description: Late Payments and RUBS
  • Rent Control: Yes
  • Vacancy Allowance: 3

Tax Info

  • New Taxes Expense: 115112.00
  • Tax Lot: 06
  • Tax Tract Number: 461

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
12/22/2015 12/22/15 Sold $9,800,000 -2.0% $365 / Sq Ft
10/23/2015 10/23/15 Pending -- -- --
10/20/2015 10/20/15 For Sale $10,000,000 -- $373 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mike Marcu

    Seller's Agent in 2015

    Mike Marcu

    Mike Marcu, Broker

    (562) 260-0940

    1 in this area

    18 Total Sales

    Mike Marcu
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15229285

California Regional Multiple Listing Service (CRMLS)
California Orange County Costa Mesa 92627 Westside Costa Mesa

780 Hamilton St, Costa Mesa, CA

This home is located at 780 Hamilton St, Costa Mesa, CA 92627 since 20 October 2015. This property was built in 1965. 780 Hamilton St is a home located in Orange County with nearby schools including Pomona Elementary School, Charles W. Tewinkle Middle School, and Estancia High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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