NOT LISTED FOR SALE

3303 Hamilton Way Los Angeles, CA 90026

Estimated Value: $971,630 - $1,072,000

4 Beds
4 Baths
2,626 Sq Ft
$387/Sq Ft Est. Value

Last Sold February 14, 2025

Last sale price $1,000,000 $381 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $5,982/month

19 Days on Market

Highlights

  • High Ceiling
  • Balcony
  • Attached Garage
  • John Marshall Senior High Rated A

About This Home

As of February 2025

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. 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.

Last Agent to Sell the Property

John 'Jack' McCann

Lyon Stahl Investment Real Estate, Inc. License #01963932 Listed on: 11/07/2024

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Marissa Case

Rise Realty License #02099936

Last Buyer's Agent

John 'Jack' McCann

Lyon Stahl Investment Real Estate, Inc. License #01963932 Listed on: 11/07/2024

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1931

Lot Details

  • 1,889

Parking

  • Attached Garage

Home Design

  • Split Level Home

Interior Spaces

  • 2,626 Sq Ft Home
  • High Ceiling

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Additional Features

  • Balcony
  • 1,889 Sq Ft Lot

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5425-003-011

Property Details

Home Type

Multi-Family

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 2626
  • Lot Acreage: 0.0428
  • Year Built: 1931
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 4
  • Common Walls: Attached
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 418.89

Exterior Features

  • Other Features: Balcony, High Ceilings (9 Feet+)
  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage, Garage Is Attached

Utilities

  • Cooling: Window Unit(s)
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 35.29
  • Assessed Improvement Value: 212183
  • Assessed Land Percent: 64.71
  • Assessed Land Value: 389026
  • Total Assessed Value: 601209
  • Assessor Parcel Number: 5425-003-011
  • Lot Size Area: 1889

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 15.59
  • Number Of Units: 4
  • Type Of Units: Apartment

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 4, 2024
Sold by
2019 Romero-Jimenez Family Trust and Romero Richard O
Bought by
No Joseph and No So Young
Current Estimated Value
$1,016,908

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
6.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 2019
Sold by
Romero Richard O and Jimenez Laura
Bought by
Romero Richard O and Jimenez Laura
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
No Joseph $1,000,000 California Best Title
Romero Richard O -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner No Joseph $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/14/2025 02/14/25 Sold $1,000,000 -9.1% $381 / Sq Ft
11/26/2024 11/26/24 Pending -- -- --
11/07/2024 11/07/24 For Sale $1,100,000 -- $419 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

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 $7,655 $625,496 $404,742 $220,754
2024 $7,655 $613,232 $396,806 $216,426
2023 $7,509 $601,209 $389,026 $212,183
2022 $7,161 $589,422 $381,399 $208,023
2021 $7,062 $577,866 $373,921 $203,945
2019 $6,852 $561,088 $362,831 $198,257
2018 $6,811 $550,094 $355,717 $194,377
2016 $6,490 $528,389 $341,905 $186,484
2015 $6,397 $520,453 $336,770 $183,683
2014 $6,432 $510,259 $330,174 $180,085
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-461519

The MLS

APN: 5425-003-011