$5,550,000 Price Analysis   ♡   Los Angeles, CA 90026 15 bed 15 bath 10,172 SqFt ($545/SqFt) 0.34 acre lot. Built 1928 Listed 2024-03-07 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
3356 Hamilton Way
Los Angeles, CA 90026 is a fifteen-unit apartment community located in the heart of Silver Lake. The property offers the next owner a unique opportunity to purchase an irreplaceable asset with the potential to be one of LA's premier bungalow communities. Built in the 1920s, 3365 Hamilton Way teems with original charm seen in century-old vintage bungalow properties. The property is entered through a private gate and consists of nine separate structures sprawling across the Silver Lake hills. Each of the units is 1-bedroom / 1-bthroom and thoughtfully designed. Three units stand alone as individual homes, five are single-story bungalows and the remaining eight are t wo-story, townhome-style units. Current ownership has seen to the top-to-bottom remodel of four units, featuring new designer bathrooms and kitchens, original wood flooring, in-unit laundry and new chrome appliances. Many of the units also feature both tree-top and surrounding neighborhood views. Additionally, private gardens have been created for several units, along with completing voluntary soft-story retrofit of the garages. Those in the know know Silver Lake is one of the hottest rental destinations in Los Angeles. Located between the hotspots of Los Feliz and Echo Park, it offers down-to-earth cool with unbeatable access to the best areas in the city. This incredible community is the perfect home for creatives seeking to live within close proximity of the best local gems, such as Alfred Coffee, Silver Lake Ramen, The Virgil and so much more. With a Walkscore of 93, tenants may ditch their car to explore Sunset on foot!
With the opportunity to nearly triple existing income over the upcoming years, 3365 Hamilton is the perfect opportunity to acquire a once-in-a-lifetime asset in a one-of-a-kind location.
Presented by Nick Astrupgaard at
KW Commercial Studio City.
Property MLS #24-366281 from TheMLSCLAW
Full Bathrooms: 15
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 14689
Parking Total: 8
Calculated Total Monthly Association Fees: 0
Number of Units: 15
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 54500
County: Los Angeles
Cap Rate: 5
Directions: Ideally located in the heart of Silver Lake
Source Property Type: Residential Income
Area: Silver Lake - Echo Park
Source Neighborhood: Silver Lake - Echo Park
Parcel Number: 5425-002-013
Postal Code Plus 4: 2111
Zoning: LARD1.5
Source System Name: C2C
$5,550,000
TheMLSCLAW
Year Built: 1928
Levels: Multi Levels
Living Area Source: Vendor Enhanced
Property Age: 96
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.