3303 Hamilton Way Los Angeles, CA 90026
4 bed / 4 bath / 2,626 Sq. Ft. / 1,891 Sq. Ft., 0.043 acres lot size / Other
Status: Sold
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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.
property details
Type
Other
Status
Closed
County
Los Angeles
Year Built
1931
Sq. Ft.
2,626
Lot Size
1,891 Sq. Ft.
Listing Id
24461519
Courtesy Of
John 'Jack' McCann - Lyon Stahl Investment Real Estate, Inc. +1 310 425 9838
List Office Phone
+1 310 425 9838
Interior Features
Living Area Units
Sq. Ft.
Beds
4
Bathrooms Total
4
Exterior Features
Parking
Attached Garage
Garage
Garage
Utility & Building Info
Parcel Number
5425003011
Heating
Wall Furnace
Building Area Total
2,626 Sq. Ft.
Price Per Sq Ft
$419
Architectural Style
Other
 |
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The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the above MLS system. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Drysdale Properties are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
Price History
| date | event | price | source |
|---|---|---|---|
|
02/17/2025
02/17/2025
|
Sold |
$1,000,000
|
CA Regional MLS (CRMLS) |
|
11/27/2024
11/27/2024
|
Contingent |
$1,100,000
|
CA Regional MLS (CRMLS) |
|
11/07/2024
11/07/2024
|
Active |
$1,100,000
|
CA Regional MLS (CRMLS) |
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Market Trends
Source: Constellation1
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