3303 Hamilton Way
$1,100,000
4
4
2,626
2,626
$419
Active Under Contract
Description
Located at 3303 Hamilton Way in Los Angeles, CA 90026, this multifamily property offers a blend of stable income and value-add potential in a high-demand neighborhood. Built in 1931, the property comprises three units: one 2-bedroom, 1-bath unit, two 1-bedroom, 1-bath units, and one non-conforming studio. It totals 2,626 sq. ft. of rentable space on an 1,889 sq. ft.lot and is fully occupied on month-to-month leases, providing flexibility for future adjustments or redevelopment. The current gross...Located at 3303 Hamilton Way in Los Angeles, CA 90026, this multifamily property offers a blend of stable income and value-add potential in a high-demand neighborhood. Built in 1931, the property comprises three units: one 2-bedroom, 1-bath unit, two 1-bedroom, 1-bath units, and one non-conforming studio. It totals 2,626 sq. ft. of rentable space on an 1,889 sq. ft.lot and is fully occupied on month-to-month leases, providing flexibility for future adjustments or redevelopment. The current gross monthly rent is $5,879, equating to $70,548 annually, with market rents estimated at $8,200 per month or $98,400 annually. This results in a current cap rate of 3.68% and a GRM of 15.59, aligning with area standards. At market rents, the potential cap rate rises to 6.32% with a GRM of 11.18. The property's net income is currently $40,442, with a projected increase to $69,506 at market rates, reflecting a significant upside. Priced at $1,100,000, the property's price per square foot is approximately $419 and $366,667 per door. The building also includes two single-car garages on the ground floor, with the potential for ADU conversion, adding an attractive value-add opportunity for investors.
- Listed by John McCann • DRE #01963932 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.
- Listed by Marissa Case • DRE #02099936 • Brokerage DRE #01799234 • Rise Realty
Property Details for 3303 Hamilton Way
Zoning
LAR2
Parcel Number5425003011
Total Units4.0
Living Area2626
Source Living AreaVendor Enhanced
AreaSilver Lake (671)
Vacancy RateNo
Lot Size Area1889
LISTING UPDATED: 11/27/2024 02:03 PM
Property Details for 3303 Hamilton Way
Status | Active Under Contract |
---|---|
MLS # | 24-461519 |
Days on Market | 67 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1931 |
Lot Size | 0.04 AC / 1,889 SF |
County | Los Angeles County |
Building Information for 3303 Hamilton Way
Stories-Residences-Year Built1931Building Size-Lot Size0.04 AC / 1,889 SF
Property Information for 3303 Hamilton Way
Property History for 3303 Hamilton Way
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3303 Hamilton Way
Taxable ValueLand$396,806Additions$216,786Total$613,592
Tax Record2024$7,655 ($638 / month)
Home Facts
Total Finished SqFt2,626 SqFtAbove Grade Finished SqFt2,626 SqFtLot Size1,880 SqFtStyleTriplexYear Built1931ZoningLAR2CountyLOS ANGELESAPN5425-003-011
Schools near 3303 Hamilton Way
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 2 |
Rating | School | Distance |
---|---|---|
Micheltorena Street Elementary School PublicK to 5 | ||
Thomas Starr King Middle School Public6 to 8 | ||
John Marshall Senior High School Public9 to 12 | ||
Lexington Avenue Primary Center PublicK to 2 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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