321 S Hamel Road

    Los Angeles (City), CA 90048
    • $3,650,000
    • STATUS: Active
    • ON SITE: 51 days
    • ID#: 18390666
    UPDATED: 77 min ago
    $3,650,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,490
      SQFT
    • $562
      $/SQFT
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    The subject property, 321 S. Hamel Road offers an investor a rare value add investment opportunity in an A+ Location. Situated in one the trendiest neighborhoods in Los Angeles. This 8-unit property features a mix of Six 1 Bedroom/ 1 Bathroom units (one of which will be delivered vacant) and Two 2 Bedroom/1 Bathroom units. A savvy investor will be able to increase the cash flow of the property and add value to the asset by increasing the rents as the units turn over.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T09:31:14.93. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/87968354

    321 S Hamel Road Los Angeles (City), CA 90048

    • Price: $3,650,000
    • Status: Active
    • Updated: 77 min ago
    • ID#: 18390666
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    6,490
    SQFT
    $562
    $/SQFT
    1958
    Built
    Neighborhood:
    C19 - Beverly Center-Miracle Mile
    County:
    Los Angeles
    Area:
    C19 - Beverly Center-Miracle Mile
    Property Description
    The subject property, 321 S. Hamel Road offers an investor a rare value add investment opportunity in an A+ Location. Situated in one the trendiest neighborhoods in Los Angeles. This 8-unit property features a mix of Six 1 Bedroom/ 1 Bathroom units (one of which will be delivered vacant) and Two 2 Bedroom/1 Bathroom units. A savvy investor will be able to increase the cash flow of the property and add value to the asset by increasing the rents as the units turn over.
    Exterior Features

    Lot Size Units Square Feet Parking Features Carport Attached Parking YN Yes

    Interior Features

    Appliances None Appliances YN No Cooling Dual Cooling YN Yes Laundry Features AreaNone

    Property Features

    Cap Rate 2.90 Garage Income 250.00 Gross Multiplier 20.80 Gross Operating Income 170540.00 Improvements Amount 579060 Insurance Expense 3189.00 Land Value 1295403 Laundry YN No Maintenance Expense 5000.00 Net Operating Income 105919.00 Pool Expense 0.00 Professional Management Expense 0.00 Special Listing Conditions Standard Total Expenses 64621.00 Trash Expense 1650.00 Water Sewer Expense 2953.00 Zoning Lar3

    Listing provided courtesy of Michael Monempour of Charles Dunn West La.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T09:31:14.93. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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    4010 Barranca Pkwy Suite 100
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