3201 Hamilton Way, Los Angeles, California 90026, Los Angeles, 90026 - bed, bath
ACTIVE$1,499,000
3201 Hamilton Way, Los Angeles, California 90026
0Bed
0Bath
2,128Sqft
5,196Lot
Year Built
1924
Close
-
List price
$1.5M
Original List price
$1.6M
Price/Sqft
$704
HOA
-
Days on market
-
Sold On
-
MLS number
WS24220212
Home ConditionPoor
Features
Excellent View:
Deck
Patio
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $1.50M(91th), sqft - 2128(45th), beds - undefined(50th), baths - undefined(50th).
Charming 1920's 4 unit property situated at the most desirable & dynamic area of Silver Lake with 180 degree panoramic viewa of LA, Hollywood Sign & Observatory. There is an owner's unit which is a large 1bed/1bath with private backyard. The other 3 units are another 1 bedroom & two studios. All units are unique in their own Spanish style from the tiles to the moldings. The property has arch windows & lovely openings between kitchens & living area creating warm and inviting feelings. If you are looking for a property with character, this is it! This great little investment has tremendous rental upside. It looks like one could even build several adu's over a garage at the street. Close to LA trendy restaurants, shopping, coffee, & entertainments!
Nearby schools
5/10
Micheltorena Street Elementary School
Public,•K-5•0.2mi
2/10
Mayberry Street Elementary School
Public,•K-6•0.5mi
4/10
Lockwood Avenue Elementary School
Public,•K-6•0.8mi
6/10
Dayton Heights Elementary School
Public,•K-5•0.9mi
/10
Lexington Avenue Primary Center
Public,•K-2•0.9mi
8/10
Clifford Street Elementary School
Public,•K-6•1.0mi
5/10
Commonwealth Avenue Elementary School
Public,•K-5•1.0mi
7/10
Dr. Sammy Lee Medical And Health Science Magnet Elementary
Public,•K-5•1.2mi
/10
Lake Street Primary School
Public,•K-1•1.3mi
8/10
Franklin Avenue Elementary School
Public,•K-6•1.5mi
7/10
Los Feliz STEMM Magnet
Public,•K-6•1.6mi
9/10
Ivanhoe Elementary School
Public,•K-5•1.6mi
8/10
Allesandro Elementary School
Public,•K-6•1.7mi
6/10
Thomas Starr King Middle School
Public,•6-8•0.8mi
5/10
Virgil Middle School
Public,•6-8•1.3mi
6/10
Irving STEAM Magnet
Public,•6-8•2.9mi
8/10
John Marshall Senior High School
Public,•9-12•1.5mi
3/10
Belmont Senior High School
Public,•9-12•1.8mi
Price History
Date
Event
Price
06/20/19
Sold
$1,440,000
08/01/14
Sold
$939,500
09/07/05
Sold
$812,000
06/07/00
Sold
$325,000
Condition Rating
Poor
Built in 1924, this property retains its original Spanish charm but shows significant age in its core functional areas. The kitchens and bathrooms across all units are substantially outdated, featuring older appliances, tile countertops, and fixtures that appear to be from several decades ago, requiring full rehabilitation to meet modern standards. While the property seems structurally maintained, the age of the building implies that major systems (plumbing, electrical, HVAC) are likely original or very old, necessitating substantial repairs and upgrades.
Pros & Cons
Pros
Great Schools: Elementary School: Ivanhoe Elementary School (9/10).
Prime Location: Situated in the highly desirable and dynamic Silver Lake area, offering proximity to trendy restaurants, shopping, coffee shops, and entertainment, enhancing tenant appeal and property value.
Panoramic Views: Boasts impressive 180-degree panoramic views of Los Angeles, the iconic Hollywood Sign, and the Griffith Observatory, providing a significant aesthetic and market advantage.
Income-Generating Quadruplex: A four-unit residential income property (quadruplex) with an owner's 1-bed/1-bath unit, another 1-bed unit, and two studios, offering substantial rental upside and investment potential.
Architectural Charm & Character: Retains its charming 1920s Spanish style with unique features like original tiles, moldings, arch windows, and lovely openings, appealing to tenants seeking character-rich living spaces.
ADU Development Potential: The property description suggests the possibility of building several Accessory Dwelling Units (ADUs) over a garage, presenting a significant opportunity to increase future income and property value.
Cons
Age and Potential for System Upgrades: Built in 1924, the property's age implies that major systems (plumbing, electrical, HVAC) may be original or outdated, potentially requiring significant capital expenditure for upgrades or repairs.
Recent Price Reduction: The property has undergone a $100,000 price reduction from its original list price, which could indicate initial overpricing or market resistance, potentially signaling challenges in valuation or condition.
Unspecified Parking & Smaller Unit Sizes: The description does not detail parking availability, which is a critical factor in dense urban areas like Silver Lake. Additionally, the unit mix includes two studios and two 1-bedroom units, which are generally smaller and may appeal to a more limited tenant demographic.