The Hamilton | 780-790 Hamilton St
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The Hamilton 780-790 Hamilton St
40 Unit Apartment Building $12,995,000 ($324,875/Unit) 4.56% Cap Rate Costa Mesa, CA 92627
Investment Highlights
- Currently, the Largest Apartment Listing in Costa Mesa
- Located in an Opportunity Zone
- Unit Mix Includes Studio, One- & Two-Bedroom Floor Plans
- Value-Add Opportunity - Increase Gross Income by Converting Garages to (4) Accessory Dwelling Units (ADUs)
- (6) Buildings Located on ±59,182 SF (±1.29 Acres) of Land
- Community Amenities Include (2) Swimming Pools, Laundry Facilities, Gated Community & Ample Parking
Executive Summary
Located in an opportunity zone in the city of Costa Mesa, The Hamilton is a 40-unit multifamily opportunity. The unique property spans across approx. 1-acre of land, and has upside through completing renovations on unit interiors, and the option to add ADUs.
Property Facts
| Price | $12,995,000 | Apartment Style | Garden |
| Price Per Unit | $324,875 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.29 AC |
| Cap Rate | 4.56% | Building Size | 26,820 SF |
| Gross Rent Multiplier | 13.11 | No. Stories | 2 |
| No. Units | 40 | Year Built/Renovated | 1965/2004 |
| Property Type | Multifamily | Parking Ratio | 2.83/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $12,995,000 |
| Price Per Unit | $324,875 |
| Sale Type | Investment |
| Cap Rate | 4.56% |
| Gross Rent Multiplier | 13.11 |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.29 AC |
| Building Size | 26,820 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2004 |
| Parking Ratio | 2.83/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 28 | $2,014 | 710 |
| 2+1 | 4 | $2,420 | 985 |
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Bike Score ®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 422-461-06 | Improvements Assessment | $1,877,417 |
| Land Assessment | $5,546,918 | Total Assessment | $7,424,335 |
PROPERTY TAXES
Parcel Number
422-461-06
Land Assessment
$5,546,918
Improvements Assessment
$1,877,417
Total Assessment
$7,424,335
zoning
| Zoning Code | R3, Costa Mesa |
| R3, Costa Mesa |
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The Hamilton | 780-790 Hamilton St
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