536 Hamilton Street, Costa Mesa, CA 92627

$1,030,000 Approx. USD 0 beds, 0 baths
2,550 sqft

Agent Remarks

The Hamilton Apartments is a fully renovated, single story multi-family property that is currently operating as a Detox Treatment Facility. Consisting of three, 2 Bedroom / 1 Bath units with attached garages that have been converted into Automobile Storage / Living Space, the property boast new windows, doors, flooring, kitchens, bathrooms, and electrical panels. Large portions of the plumbing and electrical wiring have also been replaced within the last three years. The lease with the current operator expires in May 2018 and the current operator has expressed interest in extending. Under the existing lease, the monthly income is $6,946 double-net with 5% annual increases. The property affords a new owner flexibility by offering a high yield multi-family investment which may be converted back to its original use within the short-term. Located within three miles from Pacific Coast Highway and is within a ten-minute drive of the 405 and 73 freeways giving direct access to Los Angeles and San Diego. The Costa Mesa submarket provides a sought after costal location with an average household income of $64,844.

Listing Details

Property type: (Multi-Family)
Status: Pending
MLS# OC16135062
List price is $1,030,000 Reduced by $90,000 on 10/11/2016
Beds: 0
Baths: 0
Built in 1958
2,550 sqft
1 stories
0.19 acres
Lot size: 8509.000
County: Orange
MLS area: C2 - Southwest Costa Mesa

Last Updated: 10/20/2016

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This listing belongs to the C2 - Southwest Costa Mesa MLS area

Broker: Courtesy of Marcus & Millichap RE Invest
Listing Agent: WMichael Cavner

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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