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Listed by John McCann - DRE #01963932 - Lyon Stahl Investment Real Estate, Inc. 310-425-9838 Listing Courtesy of: DRE #02099936

$1,100,000

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3303 Hamilton Way Los Angeles, CA 90026

Cluster Residence

4 Beds

4 Baths

2,626 Sq. Ft.

0.04 Acre Lot

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Last updated on 1/8/2025 2:10 AM

Listing Details

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 s...tudio. 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. Continue reading

MLS#

24461519

Property Type

Cluster

Status

Active Under Contract

Bedrooms

Bathrooms

Year Built

1931

Square Feet

2,626 sq. ft