Property listed by KW Commercial Studio City, Nick Astrupgaard 818-432-1500
$2,050,000
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… Read More 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. Read Less
Listing Snapshot
Days Online
34
Last Updated
Property Type
Other
Beds
6
Square Ft.
3,538
Lot Size
0.16 Acres
Year Built
1926
MLS Number
25522839
30 Days Snapshot Of 90026
$1.78M
+11%
(avg) sold price
20
+42%
homes sold
58
-7%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1926, Building area total: 3,538, Levels: One, Living area: 3538, 1 story, 3 buildings
Income
Gross income: $182,048, Net operating income: $119,024
Lot
0.1619 acres, 7,053 square feet, Size: 7,053
Parking
6 totals parking, Assigned
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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