Homes for sale - 3303 Hamilton WAY, Los Angeles, CA 90026

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LaKeshia Lindsey

lakeshiasellsrealestate@gmail.com +1(619) 746-0849

$1,100,000

Est. payment - /mo

4 Beds

4 Baths

2,626 SqFt

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UPDATED:

12/05/2024 05:31 AM

Key Details

Property Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,626 sqft

Price per Sqft $418

MLS Listing ID 24461519

Bedrooms 4

HOA Y/N No

Year Built 1931

Lot Size 1,890 Sqft

Property 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 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.

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Zoning LAR2

Interior

Heating Wall Furnace

Fireplace No

Exterior

Parking Features Garage

Attached Garage Yes

Building

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5425003011

Special Listing Condition Standard

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Listed by John McCann • Lyon Stahl Investment Real Estate, Inc.

Lakeshia's passion for real estate and her love for California are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in California.

+1(619) 746-0849

lakeshiasellsrealestate@gmail.com

350 W 5th Ave, Escondido, CA, 92025, USA

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3303 Hamilton WAY Los Angeles, CA 90026