3361 Hamilton Way , Los Angeles, CA 90026
$2,800,000
Est. Payment: $14,089.16/mo
3 Bed
3 Bath
2930 Sqft
Status: pending | Days on site: 62
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

We are pleased to present 3361 Hamilton Way, a boutique, architect-designed multifamily offering in the heart of Silver Lake one of Los Angeles' most coveted and supply-constrained rental submarkets. Offered at $2,800,000, the property delivers a 5.62% capitalization rate on current income with upside to 6.32% at stabilization, supported by premium furnished units, institutional-quality finishes, and strong in-place rental fundamentals across a compact four-unit community. The property was comprehensively reimagined in 2022 by Dean Levin of 22RE, a Los Angeles architecture and design studio recognized for its sensitive, design-forward approach to the city's historic residential fabric. Levin, who trained in architecture at Pratt Institute in New York before a twelve-year career as a visual artist exhibited at leading galleries, founded 22RE in 2021 with a specific focus on extending and elevating Los Angeles' Spanish Revival and midcentury modern homes. The studio has been profiled in PINUP Magazine, named Surface Magazine's "Designer of the Day," and has had projects published on ArchDaily and in Wallpaper*. Notable 22RE projects include the expansion of a 1920s Spanish Revival residence in Los Feliz, flagship retail designs for Malbon and Departamento, and the conversion of a former Ed Ruscha studio in Glassell Park. Levin's design philosophy "thickening walls to give them gravity, inserting vaults that feel structural rather than decorative" is evident throughout 3361 Hamilton Way, where original 1933 Spanish Revival bones have been married to modern luxury with a level of craft and intentionality rarely found in multifamily product. The property comprises four residences across two buildings: one (1) one-bedroom-plus-office / one-bath unit and three (3) two-bedroom / two-bath units, totaling 2,930 rentable square feet on a 6,180-square-foot lot. Each residence features open layouts, custom wood cabinetry, contemporary kitchens with premium appliances, rain showers, curated furnishings, and in-unit washer/dryer sets. The property operates as a full-service smart apartment community with a keyless Latch smart-home entry system, individually assigned private garage parking, gated access, and a smoke-free environment. Additional amenities include central air conditioning, high-speed internet, dishwashers, ice makers, and coffee systems a turnkey, hospitality-grade living experience that commands top-of-market rents and attracts long-tenured, high-income renters. Three of the four units are currently occupied at market rents, generating $176,400 in annual gross scheduled rent. The fourth unit a 710-square-foot one-bedroom-plus-office / one-bath residence at 3361 1/4 Hamilton Way is delivered vacant, presenting an immediate owner-occupancy opportunity for a buyer seeking to live in a premier Silver Lake location while collecting rent from three income-producing units, or a lease-up opportunity to stabilize at a projected $4,350 per month. At full occupancy, gross scheduled rent totals $228,600 annually ($4,763 average per unit), with pro forma upside to $250,200 ($5,213 average per unit) upon renewal to market. The property generates $157,366 in net operating income on $60,839 in total operating expenses a 27.9% expense ratio reflecting the efficient, low-maintenance nature of a recently renovated boutique asset. At the offering price, the property trades at $700,000 per unit, $955.63 per square foot, and a 12.19x gross rent multiplier. The property falls within the Los Angeles Rent Stabilization Ordinance (RSO). All units were re-tenanted at market rates following the 2022 renovation, and current rents reflect market positioning for furnished, design-forward product in Silver Lake. RSO provides tenants with occupancy protections that support low turnover and stable cash flow a dynamic that benefits investors targeting durable, long-term income.

Highlights

Listed by Filip Niculete , 818-212-2763 and Glen Scher , 818-212-2808 Marcus & Millichap , 818-212-2700. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.14

Year Built

1933

County

Los Angeles

Area

C21 - Silver Lake - Echo Park

Listing ID

26653875

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:3
  • Full Bathrooms:0
Appliances:Dishwasher, Refrigerator, Dryer, Washer

Exterior Features

Lot:No Land Lease
Garage Capacity:4
Zoning:LARD1.5
Others:2+ Total Units
Principal Interest
$14,089
Taxes
$1,785

Home Price

$2,800,000

Loan Details

30 yrs
6.453%

Down Payment

20%
$560,000
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Monthly Price:
$14,089.16

Principal

Taxes

Principal Taxes HOA Total
Monthly $14,089.16 $1,785.00 $0.00 $15,874.16
Yearly $169,069.89 $21,420.00 $0.00 $190,489.89
Total $5,072,096.64 $642,600.00 $0.00 $5,714,696.64

Today's Rates

30 Year

6.45%

20 Year

6.33%

15 Year

5.88%

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Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

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Data last updated: 2026-08-08T12:37:49.000Z

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