Hamilton Cove Multifamily Property Sold For $5.625M With Brokers Daniel Blackwell, Jack O’Connor & Mike O’Neill

Hamilton Cove, a 15-unit multifamily property located at 560 Hamilton Street in Costa Mesa, has been sold for $5.625 million. The property spans 9,372 square feet and is situated on 0.45 acres, offering a price per unit of $375,000 and a price per square foot of $600. Recent renovations have included over $1.45 million in upgrades.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,625,000
• Units: 15
• Square Footage: 9,372
• Address: 560 Hamilton Street
• Market: Costa Mesa
• Brokers: Daniel Blackwell, Jack O’Connor & Mike O’Neill - CBRE
• Escrow: Seven-day, non-contingent
• Buyer: Private Investor

The transaction was facilitated by CBRE, representing the seller. The property is located in a rapidly improving submarket and is within an Opportunity Zone, which provides potential tax advantages and immediate stable income for the buyer.