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309 S Hamel Rd, Los Angeles, CA 90048
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309 S Hamel Rd Los Angeles, CA 90048

$3,000,000 Sold Price as of 10/16/2023
  • 8 Beds
  • 9 Baths
  • 5,540 Sq.Ft.
Sold
$3,000,000 Sold Price as of 10/16/2023 Refinance Your Mortgage
Map preview of 309 S Hamel Rd, Los Angeles, CA 90048

Property Overview: 309 S Hamel Rd Los Angeles, CA has 8 bedrooms, 9 bathrooms, 5,540 living square feet and 6,511 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: ** Being Offered with 8700 West Third Street (Adjacent Parcel) - The offering is a very well maintained 8 Unit Apartment Building located in Prime Beverly Grove adjacent to Beverly Hills & West Hollywood. This Turn Key Asset features 8 Units, all of which have been fully remodeled with stainless steel appliances, hardwood floors, granite counter tops & in unit washer + dryer. There is an excellent unit mix consisting of Seven 1B/1B & One 1B/2B Unit. There is ample parking available and all tenants are on Month to Month tenancy. Rents are up to market with only 15% Upside. Property is under Los Angeles Rent Control. This is a rare opportunity for an investor to acquire a Turn Key Asset in an Ultra Prime Location along with the adjacent Parcel as a Rare Covered Land Play with the potential to build a Mix Used Development in the future. * Contact Agent for information on Other Parcel.

Listed by Michael Monempour | BRE #01996829 | Kidder Mathews of California, Inc.
Last checked: 3 minutes ago | Last updated: November 3rd, 2023 | Source CRMLS | DOM: 20

Home details

Lot Sq. Ft
6,511
HOA Dues
$0/mo
Year built
1962
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23296708
City
Los Angeles
County
Los Angeles
Time on Site
303 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 2
  • Furnishing: Furnished
  • Actual Rent: $3,250
  • Total Rent: $3,250
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 7
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Furnished
  • Actual Rent: $2,900
  • Total Rent: $20,300
  • Pro Forma/Market Rent: $22,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.56%
  • Gross Rent Multiplier: 13.98
  • Gross Scheduled Income: --
  • Net Operating Income: $180,247
  • Gross Operating Income: $274,122
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 309 S Hamel Rd

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Driveway Down Slope From Street
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 8
  • Parcel Number: 4334011009
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: West of La Cienega Blvd, East of Robertson Blvd, North of Burton Way & South of Beverly Blvd
View more facts & features

Local Los Angeles Agent

Sale History for 309 S Hamel Rd

Last sold for $3,000,000 on October 16th, 2023

  • October, 2023

  • Oct 16, 2023

    Date

    Sold

    CRMLS: 23296708

    $3,000,000

    Price

  • Aug 1, 2023

    Date

    Active

    CRMLS: 23296708

    $3,950,000

    Price

  • May, 2022

  • May 4, 2022

    Date

    Leased

    CRMLS: 22135509

    $3,250

    Price

  • Mar 11, 2022

    Date

    Active

    CRMLS: 22135509

    $3,250

    Price

  • Listing provided courtesy of CRMLS

    Stylish, fully furnished one bedroom luxury apartment complete with washer/dryer, central a/c, dishwasher and inside the unit. This large unit is located on the second floor and located at the back of the building. One of the best locations in town, just a short walk to Robertson Blvd and all the trendy shops and restaurants on 3rd St. Other units may be available in building. Some photos may be of other units in the building.

  • May, 2022

  • May 4, 2022

    Date

    Leased

    CRMLS: 22117683

    $3,250

    Price

  • Jan 11, 2022

    Date

    Active

    CRMLS: 22117683

    $3,500

    Price

  • Listing provided courtesy of CRMLS

    Stylish,fully furnished one bedroom luxury apartment complete with washer/dryer, central a/c, dishwasher and inside the unit. This large unit is located on the second floor and located at the back of the building. Other units may be available in building.

  • September, 2020

  • Sep 17, 2020

    Date

    Leased

    CRMLS: 20562814

    $2,950

    Price

  • Jul 27, 2020

    Date

    Price Change

    CRMLS: 20562814

    $2,950

    Price

  • Mar 12, 2020

    Date

    Active

    CRMLS: 20562814

    $3,000

    Price

  • Listing provided courtesy of CRMLS

    Stylish,fully furnished one bedroom luxury apartment complete with washer/dryer, central a/c, dishwasher and inside the unit. This large unit is located on the second floor and located at the back of the building.

  • June, 2019

  • Jun 29, 2019

    Date

    Leased

    CRMLS: 19482016

    $2,500

    Price

  • Jun 25, 2019

    Date

    Active

    CRMLS: 19482016

    $2,500

    Price

  • Listing provided courtesy of CRMLS

    Fully Furnished only, 1 Bedroom/ 1 full bath apt. Designed by the owner of the Bowery Hotel in NYC. Located close to shopping and eateries. Stacked washer/dryer, dishwasher and central AC/Heat. Filtered tap water. Newly renovated including: Marble baths, windows and doors. Includes bed lines, towels, glasses and plates etc. May have other units available in the building. This unit has both front and back patios.

  • April, 2019

  • Apr 12, 2019

    Date

    Leased

    CRMLS: 19449734

    $3,000

    Price

  • Apr 2, 2019

    Date

    Active

    CRMLS: 19449734

    $3,000

    Price

  • Listing provided courtesy of CRMLS

    Fully Furnished 1 Bedroom/ 1 full bath apt. Stacked washer/dryer, dishwasher and central AC/Heat. Filtered tap water. Newly renovated including: Marble baths, windows and doors. Includes bed lines, towels, glasses and plates etc.

  • September, 2018

  • Sep 19, 2018

    Date

    Leased

    CRMLS: 18378046

    $3,000

    Price

  • Aug 24, 2018

    Date

    Active

    CRMLS: 18378046

    $3,000

    Price

  • Listing provided courtesy of CRMLS

    Fully furnished top floor one-bedroom, one-bathroom residence. Recently renovated with stainless steel appliances and warmly furnished in the style of the Bowery Hotel in New York City. Amazing location, minutes from incredible shopping and top notch restaurants. Balcony off of living area and covered parking spot in rear. Central heating and cooling, and washer and dryer in unit. Wi-Fi included.

  • June, 2018

  • Jun 15, 2018

    Date

    Leased

    CRMLS: 18343224

    $3,250

    Price

  • May 12, 2018

    Date

    Active

    CRMLS: 18343224

    $3,000

    Price

  • Listing provided courtesy of CRMLS

    Fully furnished top floor one-bedroom, one-bathroom residence. Recently renovated with stainless steel appliances and warmly furnished in the style of the Bowery Hotel in New York City. Amazing location, minutes from incredible shopping and top notch restaurants. Balcony off of living area and covered parking spot in rear. Central heating and cooling, and washer and dryer in unit. Wi-Fi included.

  • December, 2017

  • Dec 14, 2017

    Date

    Leased

    CRMLS: 17289996

    $3,000

    Price

  • Nov 16, 2017

    Date

    Active

    CRMLS: 17289996

    $3,000

    Price

  • Listing provided courtesy of CRMLS

    Fully furnished one-bedroom, one-bathroom residence. Recently renovated with stainless steel appliances and warmly furnished in the style of the Bowery Hotel in New York City. Amazing location, minutes from incredible shopping and top notch restaurants. Balcony off of living area and covered parking spot in rear. Central heating and cooling, and washer and dryer included.

  • August, 2017

  • Aug 1, 2017

    Date

    Leased

    CRMLS: 16170578

    $3,000

    Price

  • Oct 13, 2016

    Date

    Active

    CRMLS: 16170578

    $3,000

    Price

  • Listing provided courtesy of CRMLS

    Stylish Fully Furnished One Bedroom, One Bathroom Lease. One year or more. Recently updated with very cool furniture and appliances. Close to dining and shops. Includes one parking space and free wifi. Laundry in unit. Other units in the building may be available as well.

  • December, 2011

  • Dec 23, 2011

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • January, 2010

  • Jan 11, 2010

    Date

    Sold (Public Records)

    Public Records

    $1,000,000

    Price

Show More

Tax History for 309 S Hamel Rd

Assessed Value (2020): $1,180,608
Year Land Value Improved Value Assessed Value
2020 $826,204 $354,404 $1,180,608

Home Value Compared to the Market

This property vs the competition

309 S Hamel Rd sold on October 16, 2023 for 231.93% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $713 per/sqft which puts the price per square foot 5.56% lower than the current median sale per square foot for the city of Los Angeles.

About 309 S Hamel Rd

Detailed summary of property

309 S Hamel Rd is a multi family that recently sold in Los Angeles, CA 90048. This multi family property offered 8 bedrooms, 9 bathrooms, roughly 5,540 living square feet, and sits on an approximately 6,511 square foot lot. 309 S Hamel Rd was first listed on ArdentRealEstateGroup.com on August 2, 2023. The homeowner sold the property for $3,000,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 231.93% higher than the current median priced home. Local homes that are currently for sale include 7401 Fountain Ave, 8701 Olin St and 2615 Chariton St. While the average home in Los Angeles, CA is selling in 95 days, 309 S Hamel Rd has a days on market of 20 days. There are currently 3751 homes for sale in the Los Angeles real estate market and 2535 of them are single family homes while 1119 of them are condos and 91 are townhomes. For more information on this home for sale at 309 S Hamel Rd Los Angeles, CA 90048 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 309 S Hamel Rd

Public county record property details
Beds
8
Baths
9
Year built
1962
Sq. Ft.
5,540
Lot Size
6,510
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
65
APN
4334-011-009

The source for these homes facts are from public records.

90048 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,495,000
Median List Price/Sq.Ft.
$1,024
Median Sold Price
$2,275,000
Median Sold Price/Sq.Ft.
$989
Total Inventory
132
Median Sale to List Price %
91.18%
Avg Days on Market
72
Loan Type
Conventional (9.52%), FHA (0%), VA (0%), Cash (9.52%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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