Multifamily

3212 Hamilton Way

3212 Hamilton Way, Los Angeles, CA 90026

Listing Price: $2,425,000

Cap Rate
4.52%
Number of Units
9
GRM
14.77
Occupancy
97.0%
Price/Unit
$269,444
Price/Gross SF
$361.94
Gross SF
6,700

Investment Overview

Marcus and Millichap is pleased to present a nine (9) unit apartment building located at 3212 Hamilton Way in Los Angeles, California. The subject property is situated in irreplaceable Silver Lake, north of Sunset Boulevard and west of Silver Lake Boulevard.
Built in 1930, this offering contains a solid unit mix of six (6) studio/one-bathroom units and three (3) one-bedroom/one-bathroom units. All of the units feature large kitchens, dining areas, hardwood floors, and crown moldings. This property boasts a Spanish 1930s aesthetic with half round arches and green exterior crown moldings surrounding the doors and windows. The property also includes parking in front and a grassy back yard area, perfect for picnics and gardening. The building is positioned on a hillside with amazing views of Sunset Blvd. Six (6) of these character units feature balconies overlooking Sunset Blvd. Tenants will enjoy the dominant access to some of Los Angeles most sought-after food and entertainment spaces on both Sunset Blvd and Silver Lake Blvd. Sunset Blvd is less than a five (5) minute walk from the subject property and its closest amenities include Alfred Coffee Silverlake, the Micheltorena Stairs, Night + Market Song, Casa Victoria Vintage Furniture, Diablo Takeout, Frankielucy Bakeshop, and Ali Mama Caf. Tenants can take a short ten (10) minute walk to Silver Lake Blvd, or Sunset Junction, to enjoy the many amenities it has to offer. Some of these include Wood Silver Lake Pizza & Pasta, Same Same Thai, Jasons Wine & Spirits, Caf Tropical, Epitaph Records, Gloss Nailspa, and Laurel & Hardy Park. Residents also enjoy the easy access to every part of Los Angeles via transportation hubs like the US 101 Freeway, US 5 Freeway, and the Los Angeles Metro.
Ideally positioned in prime Silver Lake, this offering presents an excellent opportunity for a savvy investor to capitalize on strong rental upside in a premier market of Los Angeles.

Investment Highlights

  • Irreplaceable Silver Lake Location
  • Strong Rental Upside Potential
  • First Time on Market in Over 25 Years
  • Spanish 1930's-Style Character Units with Balconies Overlooking Sunset Blvd
  • Dominant Access to Commercial Corridors - Sunset Junction
  • Property Includes a Large, Grassy Back Yard - Perfect for Picnics & Gardening

Exclusively Listed By

Listing Price: $2,425,000

Cap Rate
4.52%
Number of Units
9
GRM
14.77
Occupancy
97.0%
Price/Unit
$269,444
Price/Gross SF
$361.94
Gross SF
6,700

Investment Highlights

  • Irreplaceable Silver Lake Location
  • Strong Rental Upside Potential
  • First Time on Market in Over 25 Years
  • Spanish 1930's-Style Character Units with Balconies Overlooking Sunset Blvd
  • Dominant Access to Commercial Corridors - Sunset Junction
  • Property Includes a Large, Grassy Back Yard - Perfect for Picnics & Gardening

Investment Overview

Marcus and Millichap is pleased to present a nine (9) unit apartment building located at 3212 Hamilton Way in Los Angeles, California. The subject property is situated in irreplaceable Silver Lake, north of Sunset Boulevard and west of Silver Lake Boulevard.
Built in 1930, this offering contains a solid unit mix of six (6) studio/one-bathroom units and three (3) one-bedroom/one-bathroom units. All of the units feature large kitchens, dining areas, hardwood floors, and crown moldings. This property boasts a Spanish 1930s aesthetic with half round arches and green exterior crown moldings surrounding the doors and windows. The property also includes parking in front and a grassy back yard area, perfect for picnics and gardening. The building is positioned on a hillside with amazing views of Sunset Blvd. Six (6) of these character units feature balconies overlooking Sunset Blvd. Tenants will enjoy the dominant access to some of Los Angeles most sought-after food and entertainment spaces on both Sunset Blvd and Silver Lake Blvd. Sunset Blvd is less than a five (5) minute walk from the subject property and its closest amenities include Alfred Coffee Silverlake, the Micheltorena Stairs, Night + Market Song, Casa Victoria Vintage Furniture, Diablo Takeout, Frankielucy Bakeshop, and Ali Mama Caf. Tenants can take a short ten (10) minute walk to Silver Lake Blvd, or Sunset Junction, to enjoy the many amenities it has to offer. Some of these include Wood Silver Lake Pizza & Pasta, Same Same Thai, Jasons Wine & Spirits, Caf Tropical, Epitaph Records, Gloss Nailspa, and Laurel & Hardy Park. Residents also enjoy the easy access to every part of Los Angeles via transportation hubs like the US 101 Freeway, US 5 Freeway, and the Los Angeles Metro.
Ideally positioned in prime Silver Lake, this offering presents an excellent opportunity for a savvy investor to capitalize on strong rental upside in a premier market of Los Angeles.

Exclusively Listed By

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