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$ 2,050,000
Est. payment /mo
New
3370 Hamilton WAY Los Angeles, CA 90026
6 Beds
6 Baths
3,538 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,538 sqft
Price per Sqft $579
MLS Listing ID 25522839
Bedrooms 6
HOA Y/N No
Year Built 1926
Lot Size 7,052 Sqft
Property Description
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 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.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LAR2
Interior
Fireplace No
Exterior
Parking Features Assigned
Total Parking Spaces 6
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5426006014
Special Listing Condition Standard
Listed by Nick Astrupgaard • KW Commercial Studio City