3370 Hamilton Way - Apartments FOR SALE


Los Angeles, CA 90026- Silver Lake
$2,050,000 USD
213-305-9026
3370 Hamilton Way, Los Angeles, CA for Sale
$2,050,000 USD
Apartments - FOR SALE
1/12
null | 5.8% Cap Rate

3370 Hamilton Way
Los Angeles, CA 90026
Silver Lake


HIGHLIGHTS

  • 3370 Hamilton Way is a unique and special investment opportunity on one of the best streets in Silver Lake.
  • The property consists of three separate duplexes, consisting of 3,538 SF on a 7,051 SF lot, zoned LAR2.
  • The going-in metrics are strong for 3370 Hamilton Way with a 5.8% Cap Rate and 11.3 GRM.
  • Hamilton Way has six assigned parking spaces and is not on the list of buildings that require a soft-story seismic retrofit.
  • Each unit is a well-designed and tastefully laid out (1) One Bedroom / One Bath Unit.

OVERVIEW

Built in the 1920s, 3370 Hamilton Way is a unique and special investment opportunity on one of the best streets in Silver Lake. The property consists of three separate duplexes, consisting of 3,538 SF on a 7,051 SF lot, zoned LAR2. Investors and tenants will note the striking and welcoming 1920s design and aesthetic. 3370 Hamilton Way consists of six original units. Each unit is a well-designed and tastefully laid out (1) One Bedroom / One Bath Unit. Interior highlights include original hardwood floors, multiple original built-ins, a breakfast nook/dining space that can be used as an office, updated bathrooms and kitchens with new fixtures and appliances, mini-split heating and cooling in select units, and in-unit washer/dryer or hookups in each unit. In addition to the attractive color scheme and welcoming patios, there are string lights, creating a magical ambiance in the evening. The going-in metrics are strong for 3370 Hamilton Way, with a 5.8% Cap Rate and 11.3 GRM. Strong market rents have been demonstrated through unit remodels and strong property management. 3370 Hamilton Way has six assigned parking spaces and is not on the list of buildings that require a soft-story seismic retrofit. 3370 Hamilton Way is centrally located in prime Silver Lake, with outstanding access to retail, entertainment, and cultural venues within the immediate submarket as the subject property is close to Los Feliz, Echo Park, Koreatown, Hancock Park, Downtown LA, Hollywood, and West Hollywood.

FOR SALE DETAILS

PRICE

$2,050,000 USD

PRICE/SF

$579 USD /SF

# OF UNITS

6

PRICE/UNIT

$341,667

CAP RATE

5.8%

% LEASED

66%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6 Stylish Units in Prime Silver Lake

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1926

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,048 SF

ZONING

LAR2

APN/PARCEL ID

5426-006-014

ASK ABOUT THIS PROPERTY

Rich JohnsKW CommercialMore Info
213-305-9026

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Rich JohnsKW CommercialMore Info
213-305-9026

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