416 Hamilton Street, Costa Mesa, California 92627, Costa Mesa, 92627 - bed, bath
416 Hamilton Street
Costa Mesa, California 92627
Property Price
SUMMARY
Analysis of 416 Hamilton Street, Costa Mesa, California 92627 is currently available with a list price of $2,099,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Costa Mesa Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Although built in 1973, the property is well-maintained and move-in ready. One unit has been recently renovated with modern finishes and premium appliances, while the others feature updated finishes and private garages. The exterior and overall systems appear well-kept, fitting the 'good' criteria for a property with partial recent renovations and no immediate major repairs required.
PROSSTRENGTHS & OPPORTUNITIES
- ADU Development Potential
The inclusion of ready-to-use plans for a new 2BR/2BA ADU provides a significant value-add opportunity to increase density and maximize future rental income.
- Superior Unit Mix
The property features high-demand (2) 2BR/2BA and (1) 3BR/2BA units, all with private garages, which attracts long-term tenants and commands higher rents than standard smaller units.
- Prime Coastal Proximity
Located in the sought-after Westside Costa Mesa area near Triangle Square and the beach, the property benefits from a high-occupancy rental market and excellent lifestyle amenities.
CONSRISKS & DEFICIENCIES
- Market Pricing Resistance
A history of multiple price reductions from the original $2.25M listing suggests the property has faced challenges in meeting buyer valuation expectations in the current market.
- Inconsistent Rental Income
With only one unit recently renovated and leased at a premium, the remaining units likely require capital improvements or lease turnovers to realize their full market potential.
About 416 Hamilton Street
**PRICE REDUCED** Prime Westside Costa Mesa investment opportunity featuring a well-maintained triplex just minutes from the beach, dining, and entertainment. The property offers a desirable unit mix of (2) 2BR/2BA units and (1) 3BR/2BA unit, each with private garages and updated finishes. One unit has been recently renovated and leased at a premium rent, with additional upside in the remaining units. The sale also includes plans for a new 2BR/2BA ADU, providing immediate value-add potential for investors or owner-users. Ideally located near Triangle Square, Pacific Coast Highway, and major freeways, this property combines strong in-place income with long-term growth in one of Orange County’s most sought-after rental markets.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1973
- Lot Size
- 8,795 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 3,232 | 1,868 | 80% |
| Lot Size | 8,795 | 7,009 | 87% |
| Price | $2.10M | $1.70M | 67% |
| Price per sq ft | $649 | $938 | 20% |
| Built year | 1973 | 1958 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 201 | 152 | 87% |
Pricing History
Listed for Sale
Jan 14, 2026
$2,099,000
$2,150,000
-2% Price Drop
Initial Listing
Price Change
Dec 3, 2025
$2,150,000
$2,199,000
-2% Price Drop
Initial Listing
Price Change
Sep 24, 2025
$2,199,000
$2,250,000
-2% Price Drop
Initial Listing
Price Change
Aug 18, 2025
$2,250,000
Initial Listing