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.… Read More 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. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., John McCann 310-425-9838
Listing Snapshot
Days Online
21
Last Updated
Property Type
Other
Beds
4
Square Ft.
2,626
Lot Size
0.04 Acres
Year Built
1931
MLS Number
24461519
30 Days Snapshot Of 90026
$1,175k
-11%
(avg) sold price
17
+21%
homes sold
82
-4%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1931, Building area total: 2,626, Levels: MultiSplit, Living area: 2626, 1 building
Heating
WallFurnace
Income
Gross income: $68,432, Net operating income: $40,442
Lot
0.0434 acres, 1,889 square feet, Size: 1,889
Parking
Garage
Property
Zoning: LAR2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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