3303 Hamilton Way - Apartments FOR SALE


Los Angeles, CA 90026
$1,100,000 USD
310-382-1063
3303 Hamilton Way, Los Angeles, CA for Sale
$1,100,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

3303 Hamilton Way
Los Angeles, CA 90026


HIGHLIGHTS

  • Two single car garages, ADU potential
  • Unique building with gorgeous balconies
  • Located in a prestigious hilltop community with awe-inspiring views

OVERVIEW

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 different unit types: one 2-bedroom, 1-bath unit, two 1-bedroom, 1-bath units, and one studio unit. 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.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$419 USD /SF

# OF UNITS

4

PRICE/UNIT

$275,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3303 Hamilton Way, Los Angeles, CA 90026

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,867 SF

ZONING

R2-1VL

APN/PARCEL ID

5425-003-011

ASK ABOUT THIS PROPERTY

Jack MccannLyon Stahl Investment Real EstateMore Info
310-382-1063

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Jack MccannLyon Stahl Investment Real EstateMore Info
310-382-1063

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.