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321 S Hamel Rd, Los Angeles, CA 90048
$3,465,000
321 S Hamel Rd, Los Angeles, CA 90048View this property at 321 S Hamel Rd, Los Angeles, CA 90048
321 S Hamel RdLos AngelesCA90048
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Property Description
We are pleased to present a nine (9) unit multifamily property located at 321 South Hamel Road in Los Angeles, California. The property is situated in a prime Beverly Grove location just south of West 3rd Street east of La Cienega Boulevard, minutes from some of the best entertainment and retail in all of Los Angeles. Originally built in 1958, this recently partially renovated apartment building contains a good unit mix of six (6) one-bedroom / one-bathroom units, two (2) two-bedroom / one-bathroom unit, and one (1) one-bedroom / one-bathroom ADU unit. The property is located in the sought-after Beverly Grove area of Los Angeles, California. Situated adjacent to some of the best entertainment, retail, and restaurant amenities that LA has to offer, this property boasts an unbeatable location. The property features a good unit mix with strong rental upside, making it an excellent investment opportunity. The large luxury units are designed with high-end amenities, offering residents a comfortable and luxurious living experience. Additionally, units 1, 2, 3, 4, 5, and 8 have been renovated to provide modern finishes and updated appliances. Recently completed, the 550 SF ADU 1+1 unit comes equipped with a washer and dryer, offering convenient and comfortable living accommodations for tenants. On-site laundry facilities are also available for resident use. The property features on-site covered parking, providing tenants with a safe and secure place to park their vehicles. Situated in a prime Beverly Grove location this offering presents an excellent opportunity for any investor to acquire a partially renovated apartment building walking distance to some of the best retail in all of LA.
Full Property Details
Full Property Details for 321 S Hamel Rd
General
- Sold For: $3,465,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 23-261637
- Added to Site: 393 day(s) ago
Interior
- Flooring: Wood
Rooms
Bathrooms
- Total Bathrooms: 9
Bedrooms
- Total Bedrooms: 11
Other Rooms
- Laundry: Laundry Area
Additional Information
- Pool Description: None
- Spa Description: None
- Other Features: Accessory Dwelling Unit
Parking
- Covered Spaces: 12
- Garage Description: Covered Parking, Attached
Location
- Area: Beverly Center-Miracle Mile
- County: Los Angeles
- Driving Directions: The property is situated in a prime Beverly Grove location just south of West 3rd Street east of La Cienega Boulevard, minutes from some of the best entertainment and retail in all of Los Angeles.
Heating & Cooling
- Cooling Type: Air Conditioning
- Heating Type: Wall
Structural Information
- # Buildings: 1
- Common Walls: Attached
- Stories/Levels: 3
- Square Feet: 7,040
- Sq. Ft. Source: Estimated
- Year Built: 1958
- Year Built Source: Vendor Enhanced
- Property Condition: Updated/Remodeled
Unit Information
- Units in Complex: 9
- Unit Type: 2106, 2107, 2108
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Total Bathrooms: 1
- Bedrooms: 1
Additional Structures
- Other Structures: Accessory Dwelling Unit
Lot Features
- Property View: City
- Lot Size (Acres): 0.124
- Lot Size: 5467
- Lot Size Source: Assessor
- Alley: Yes
- Lot Features: City
- Zoning: LAR3
- Lot Description: Landscaped, Lawn, Single Lot, Sidewalks, Alley Paved
Financial Considerations
- Price Per Sq. Ft.: $522.02
- Assessment Year: 1958
Disclosures and Reports
- Disclosures/Reports: As Is
- APN: 4334-011-012
Listed and Sold by Marcus & Millichap, Jason Tuvia
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Schools
Schools serving 321 S Hamel Rd
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
503 N Croft Ave, Los Angeles, CA 90048 | K-6 | 0.7 mi | |
970 Hammond St, W Hollywood, CA 90069 | K-6 | 1.2 mi | |
600 S McCadden Pl, Los Angeles, CA 90005 | 6-8 | 2.7 mi | |
7850 Melrose Ave, Los Angeles, CA 90046 | 9-12 | 1.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 321 S Hamel Rd
Date
Details
Price
Change
Source
11/27/2023
Sold
$3,465,000
-5.71%
MLS
4/18/2023
Listed
$3,675,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
321 S Hamel Rd, Los Angeles, CA 90048 (MLS# 23-261637) is a Multi-Family property that was sold at $3,465,000 on November 27, 2023. Want to learn more about 321 S Hamel Rd? Do you have questions about finding other Multi-Family real estate for sale in Miracle Mile? You can browse all Miracle Mile real estate or contact a Coldwell Banker agent to request more information.