3201 Hamilton Way, Los Angeles, California 90026, Los Angeles, 90026 - 2 bed, 4 bath
ACTIVE$1,499,000
3201 Hamilton Way, Los Angeles, California 90026
2Beds
4Baths
2,128Sqft
5,196Lot
Year Built
1924
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$704
HOA
-
Days on market
-
Sold On
-
MLS number
WS25050993
Home ConditionFair
Features
Excellent View: City Lights, Landmark, Mountain(s), Panoramic
Deck
Patio
ViewCity Lights,Landmark,Mountain(s),Panoramic
About this home
We found 3 Cons,6 Pros. Rank: price - $1.50M(91th), sqft - 2128(45th), beds - 2(73th), baths - 4(82th).
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
Fair
Built in 1924, this property retains its charming 1920s Spanish style, indicating a lack of modern renovations. The kitchens and bathrooms, while appearing clean and functional, feature very dated appliances, cabinets, fixtures, and flooring (linoleum/laminate), suggesting they are either original or were last updated 30-50+ years ago. The hardwood floors in other areas appear well-maintained but not newly refinished. The property is aged but maintained through regular upkeep, with major components functional but showing significant signs of being outdated, aligning with the 'Fair' condition criteria. It does not show signs of significant defects or being unsafe, which would categorize it as 'Poor'.
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 expansive 180-degree panoramic views of Los Angeles, including the iconic Hollywood Sign and Observatory, providing a significant aesthetic and value-add feature.
Income-Generating Quadruplex: A 4-unit residential income property (quadruplex) with an owner's unit, offering immediate rental income and described as having 'tremendous rental upside'.
Architectural Character: Retains charming 1920s Spanish-style architectural details, including unique tiles, moldings, arch windows, and inviting interior openings, appealing to tenants seeking character.
ADU Development Potential: The description suggests potential for building 'several ADUs over a garage at the street,' indicating significant future value addition and increased income capacity.
Cons
Age and Potential Maintenance: Built in 1924, the property's age suggests a higher likelihood of needing significant capital expenditures for system upgrades (plumbing, electrical, roof) and ongoing maintenance.
Small Unit Sizes: The unit mix of two studios and two 1-bedroom units, with an average size of approximately 532 sqft per unit, may limit the tenant demographic and potentially lead to higher turnover rates.
Unspecified Parking: The property description does not mention dedicated parking for four units, which can be a significant challenge and drawback for tenants in a dense urban area like Silver Lake.