Seller's Agent in 2025
John 'Jack' McCann
Lyon Stahl Investment Real Estate, Inc.
(310) 408-0121
1 in this area
37 Total Sales
Estimated Value: $971,630 - $1,072,000
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
Lyon Stahl Investment Real Estate, Inc. License #01963932 Listed on: 11/07/2024
Last Buyer's Agent
Lyon Stahl Investment Real Estate, Inc. License #01963932 Listed on: 11/07/2024
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| No Joseph | $1,000,000 | California Best Title | |
| Romero Richard O | -- | None Available |
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | No Joseph | $600,000 |
| 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 |
| 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 |
Seller's Agent in 2025
John 'Jack' McCann
Lyon Stahl Investment Real Estate, Inc.
(310) 408-0121
1 in this area
37 Total Sales
Seller Co-Listing Agent in 2025
Marissa Case
Rise Realty
(562) 253-3348
1 in this area
8 Total Sales
Source: The MLS
MLS Number: 24-461519
APN: 5425-003-011