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
Courtesy of KW Commercial Studio City 818-432-1500
Listing Snapshot
Days Online
3
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
$1,967k
+1%
(avg) sold price
8
-11%
homes sold
54
-49%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
3,538 sq ft, Built in 1926, Levels: One
Disclosures
As Is
Garage
Assigned
Lot
LotAcreage: 0.1619, LotSizeArea: 7,053
Parking
TotalParking: 6
Property
NumberOfUnits: 6, Zoning: LAR2
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