NOT LISTED FOR SALE
11 Beds
9 Baths
7,040 Sq Ft
5,401 Sq Ft Lot

Last Sold November 27, 2023

Last sale price $3,465,000 $492 Per Sq Ft

181 Days on Market

Highlights

  • City View
  • Wood Flooring
  • 12 Car Attached Garage
  • West Hollywood Elementary School Rated A-
  • Lawn
  • Air Conditioning

About This Home

As of November 2023

We are pleased to present a nine (9) unit multifamily property located at 321 South Hamel Road in Los Angeles, California. The property is situated in a prime Beverly Grove location just south of West 3rd Street east of La Cienega Boulevard, minutes from some of the best entertainment and retail in all of Los Angeles. Originally built in 1958, this recently partially renovated apartment building contains a good unit mix of six (6) one-bedroom / one-bathroom units, two (2) two-bedroom / one-bathroom unit, and one (1) one-bedroom / one-bathroom ADU unit. The property is located in the sought-after Beverly Grove area of Los Angeles, California. Situated adjacent to some of the best entertainment, retail, and restaurant amenities that LA has to offer, this property boasts an unbeatable location. The property features a good unit mix with strong rental upside, making it an excellent investment opportunity. The large luxury units are designed with high-end amenities, offering residents a comfortable and luxurious living experience. Additionally, units 1, 2, 3, 4, 5, and 8 have been renovated to provide modern finishes and updated appliances. Recently completed, the 550 SF ADU 1+1 unit comes equipped with a washer and dryer, offering convenient and comfortable living accommodations for tenants. On-site laundry facilities are also available for resident use. The property features on-site covered parking, providing tenants with a safe and secure place to park their vehicles. Situated in a prime Beverly Grove location this offering presents an excellent opportunity for any investor to acquire a partially renovated apartment building walking distance to some of the best retail in all of LA.

Last Agent to Sell the Property

Jason Tuvia

Marcus & Millichap License #01772495 Listed on: 04/18/2023

Last Buyer's Agent

Jason Tuvia

Marcus & Millichap License #01772495 Listed on: 04/18/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958 | Remodeled

Lot Details

  • 5,467 Sq Ft Lot
  • Landscaped
  • Lawn

Parking

  • 12 Car Attached Garage

Home Design

  • Split Level Home

Interior Spaces

  • 7,040 Sq Ft Home
  • 3-Story Property
  • Wood Flooring
  • City Views
  • Laundry Room

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 9 Bathrooms

Utilities

  • Air Conditioning
  • Heating System Mounted To A Wall or Window

Additional Features

  • Accessory Dwelling Unit (ADU)
  • City Lot

Community Details

  • 9 Units
  • Vacancy Allowance $7,067

Listing and Financial Details

  • Assessor Parcel Number 4334-011-012

Property Details

Home Type

Multi-Family

Year Built

Built in 1958 | Remodeled

Lot Details

5,467 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • ADA Compliant: No
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Building Permit: Yes
  • Living Area: 7040
  • Lot Acreage: 0.1240
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 3
  • Year Built: 1958
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Bedrooms: 11
  • Common Walls: Attached
  • Laundry: Laundry Area
  • Laundry Equipment: Own
  • Total Bathrooms: 9.00
  • Equipment: Dishwasher, Refrigerator, Range/Oven
  • Price Per S Q F T: 522.02

Exterior Features

  • Other Structures: Accessory Dwelling Unit
  • Tennis Court Y/N: No
  • Paved: Yes
  • Pool: No
  • Spa Yn: No
  • View: City
  • View: Yes

Garage/Parking

  • Covered Parking: 12
  • Parking Garage: Covered Parking, Attached
  • Total Parking: 12

Utilities

  • Cooling: Air Conditioning
  • Heating: Wall
  • Water Heaters: Yes

Lot Info

  • Additions Alterations: Yes
  • Assessed Improvement Percent: 30.89
  • Assessed Improvement Value: 633285
  • Assessed Land Percent: 69.11
  • Assessed Land Value: 1416710
  • Total Assessed Value: 2049995
  • Assessor Parcel Number: 4334-011-012
  • Lot Description: Landscaped, Lawn, Single Lot, Sidewalks, Alley Paved
  • Lot Location: City
  • Lot Size Area: 5467

Rental Info

  • Land Lease Type: Fee

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 15.60
  • Number Of Units: 9
  • Type Of Units: Market
  • Vacancy Allow: 7067
  • Vacancy Allow Percent: 3.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/27/2023 11/27/23 Sold $3,465,000 0.0% $492 / Sq Ft
10/16/2023 10/16/23 Pending -- -- --
08/28/2023 08/28/23 Off Market $3,465,000 -- --
08/07/2023 08/07/23 Pending -- -- --
04/18/2023 04/18/23 For Sale $3,675,000 -- $522 / Sq Ft
Source: The MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $42,721 $3,534,300 $2,514,300 $1,020,000
2024 $42,721 $3,465,000 $2,465,000 $1,000,000
2023 $26,234 $2,090,994 $1,445,044 $645,950
2022 $25,042 $2,049,995 $1,416,710 $633,285
2021 $24,716 $2,009,800 $1,388,932 $620,868
2019 $24,002 $1,950,690 $1,347,737 $602,953
2018 $23,859 $1,912,452 $1,321,311 $591,141
2016 $22,751 $1,837,709 $1,270,003 $567,706
2015 $22,425 $1,810,106 $1,250,927 $559,179
2014 $22,536 $1,774,650 $1,226,424 $548,226
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-261637

The MLS
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