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3303 Hamilton Way

Los Angeles, CA 90026

– beds
– baths
– sqft
1,889 sqft lot
1931 build
– on site

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 CRMLS_CA / John McCann / Lyon Stahl Investment Real Estate, Inc.

Last checked: Checking… • Last updated Nov 15, 2024 •

MLS# 24461519 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1931
New Construction:

No
Building Area Total:

2626.00
# of Buildings:

1
Total Number Of Units:

4

Interior

Levels:

Multi/Split

Location

Directions:

Off Sunset Blvd, Take Westerly Terrace or Micheltorena St, Head Down Hamilton Way, Property is on the corner of Hamilton Way and Murray Dr
Latitude:

34.08673000
Longitude:

-118.27444500

The Property

Property Type:

Residential Income
Zoning:

LAR2
Lot Size Area:

1889.0000
Lot Size Acres:

0.0434
Lot Size SqFt:

1889.00
Lot Size Source:

Estimated

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5425003011

Heating & Cooling

Heating:

1
Heating:

Wall Furnace

Appliances

Included:

Yes

The Community

Senior Community:

No
Association:

No
Assessments:

No

Parking

Parking:

Yes
Parking:

Garage

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/7/24 Nov 7, 2024	Listed / Active	CRMLS_CA	$1,100,000

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This multifamily located in Central LA, Los Angeles, CA 90026 is currently for sale for $1,100,000. 3303 Hamilton Way is a – square foot multifamily with – beds and – baths that has been on Estately for 17 days. 3303 Hamilton Way is in the Central LA neighborhood of Los Angeles and has a WalkScore® of 96, making it a walker’s paradise. This multifamily is in the attendance area of John Marshall Senior High, Micheltorena Street Elementary School, and Thomas Starr King Middle School Magnet: Film And Media.

Listing Courtesy of: CRMLS_CA and Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 08:48 on Nov 24.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.