432 Hamilton Street, Costa Mesa, CA 92627

FANTASTIC INVESTMENT OPPORTUNITY in Costa Mesa's rapidly developing Westside. This TURNKEY TRIPLEX PLUS 2 ADUs has excellent cash flow with a master lease tenant and can yield a 5% Cap Rate!!! The triplex is comprised of 2 buildings - Building 1 (approx 2,972 sqft) is comprised of 3 Units - UNIT A - single level 3 bed 2 bath unit with no one above, UNIT B - 2 bed 2 bath lower level unit, and UNIT C - 2 bed 2 bath upper level unit. Building 2 (approx 1,550 sqft) - is the FULLY PERMITTED ADUs added in 2024 - UNIT D & E - include two single level 2 bed 2 bath units.. Generating $19,000 in monthly gross rents and a 5.34% cap rate, the property maintains low estimated operating expenses of just $4,085/month, including property taxes. All units have refrigerators, split AC systems, separate water heaters, and individual mailboxes. Units A, D, & E offer in-unit laundry, while Units B & C have a shared laundry room. The building has one shared water meter but is separately metered for gas and electricity. Each unit also enjoys private outdoor space, either a yard, balcony, or patio. A master tenant is currently in place, simplifying management and rent collection. Recent exterior upgrades include new paint, landscaping, Dual-pane windows, and sliding glass doors. There are six off-street parking spots: four standard and two tandem. Located minutes from the beach, Newport Harbor, Triangle Square, and the shops and dining along 17th Street, this turnkey asset offers strong income, quality improvements, and future upside in one of Orange County’s most desirable coastal submarkets. Contact the listing agent for the rent roll, financials, and additional details.