3303 Hamilton WAY, Los Angeles, CA 90026 – 24461519

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Gatehouse Properties

info@gatehouseproperties.com +1(714) 743-9882

$ 1,100,000

Est. payment | -/mo

4 Beds

4 Baths

2,626 SqFt

Save

$ 1,100,000

Est. payment | -/mo

Save

4 Beds

4 Baths

2,626 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

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

Garage 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

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

+1(714) 743-9882

info@gatehouseproperties.com

Costa Mesa, CA, 92626, United States

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