TruLine Real Estate

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$1,000,000

3303 Hamilton Way
Los Angeles, CA 90026

Residential Income|Sold 02/14/2025
4
Beds
0
Full Baths
0
Partial Baths
2,626
SqFt
$381
/SqFt
1931
Built
County:
Los Angeles
Call Now: (323) 389-5432
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(323) 389-5432
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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.

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Listing Snapshot
Bedrooms 
4
Total Baths 
4
Full Baths 
N/A
Partial Baths 
N/A
Inside Area (SqFt) 
2,626 sqft
Lot Size 
0.0434 Acres
Year Built 
1931
MLS® Number 
24461519
Status 
Sold
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 months agoListing updated with changes from the MLS®
General Features
Acres 
0.0434
Attached Garage 
Yes
Garage 
Yes
Parking 
GarageAttached
Special Circumstances 
Standard
SqFt Total 
2626
Stories 
Multi/Split
Zoning 
LAR2
Interior Features
Heating 
Wall Furnace
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Community Features
MLS Area 
C21 - Silver Lake - Echo Park
Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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