OFF MARKET

Off Market Oct 2023 for $3M

—

Est. refi paymentEst. refi $7,032/mo

•

9 ba

•

5,540

sq ft

309 S Hamel Rd, Los Angeles, CA 90048

About this home

* * 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.

Multi-familyProperty Type

1962Year Built

6,511 sq ftLot Size

$542Price/Sq.Ft.

1 garage spacesParking

Listed by Michael Monempour •DRE #01996829

•310-270-8423 (agent)

•michael.monem@lyonstahl.com (agent)

Bought with Non-member 999999 • Non-member Office

Redfin checked: 4 minutes ago

•Source:TheMLS #23-296708

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in Beverly Center, CA

Last updated August 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-list price

Median sale price

Avg. days on market

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Provided by Redfin

Sale history for 309 S Hamel Rd

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Year

Property tax

Land + Additions

Assessment*

2025

$37,560 (+1.2%)

$2,142,000 + $918,000

$3,060,000

2024

$37,130 (+131.7%)

$2,142,000 + $918,000

$3,060,000

2023

$16,024 (+4.6%)

$2,100,000 + $900,000

$3,000,000

2022

$15,315 (+1.4%)

$868,487 + $372,205

$1,240,692

2021

$15,108 (−0.9%)

$851,458 + $364,907

$1,216,365

2020

$15,252 (+3.9%)

$834,763 + $357,752

$1,192,515

2019

$14,676 (+1.0%)

$826,204 + $354,084

$1,180,288

2018

$14,530 (+5.1%)

$810,004 + $347,142

$1,157,146

2016

$13,828 (+1.4%)

$778,551 + $333,663

$1,112,214

2015

$13,635 (−0.7%)

$763,286 + $327,121

$1,090,407

2014

$13,725 (−1.2%)

$737,094 + $315,897

$1,052,991

2012

$13,890 (+3.1%)

$733,763 + $314,470

$1,048,233

2011

$13,468 (+12.5%)

$719,376 + $308,304

$1,027,680

2010

$11,972 (+3.7%)

$705,271 + $302,259

$1,007,530

2009

$11,542 (+4.3%)

$406,302 + $471,551

$877,853

2008

$11,067

$407,268 + $472,672

$879,940

Tax history for 309 S Hamel Rd

Year

Property tax

Land + Additions

Assessment*

2025

$37,560 (+1.2%)

$2,142,000 + $918,000

$3,060,000

2024

$37,130 (+131.7%)

$2,142,000 + $918,000

$3,060,000

2023

$16,024 (+4.6%)

$2,100,000 + $900,000

$3,000,000

2022

$15,315 (+1.4%)

$868,487 + $372,205

$1,240,692

2021

$15,108 (−0.9%)

$851,458 + $364,907

$1,216,365

2020

$15,252 (+3.9%)

$834,763 + $357,752

$1,192,515

2019

$14,676 (+1.0%)

$826,204 + $354,084

$1,180,288

2018

$14,530 (+5.1%)

$810,004 + $347,142

$1,157,146

2016

$13,828 (+1.4%)

$778,551 + $333,663

$1,112,214

2015

$13,635 (−0.7%)

$763,286 + $327,121

$1,090,407

2014

$13,725 (−1.2%)

$737,094 + $315,897

$1,052,991

2012

$13,890 (+3.1%)

$733,763 + $314,470

$1,048,233

2011

$13,468 (+12.5%)

$719,376 + $308,304

$1,027,680

2010

$11,972 (+3.7%)

$705,271 + $302,259

$1,007,530

2009

$11,542 (+4.3%)

$406,302 + $471,551

$877,853

2008

$11,067

$407,268 + $472,672

$879,940

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Permits

Beds

Baths

Stories

—

Lot width

—

Lot depth

—

Lot size

6,513 Sq. Ft.

Year renovated

1970

Sq. Ft.

5,540

Year built

1962

Style

Multi-Family (5+ Unit)

County

Los Angeles County

APN

4334011009

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 28, 2026.

Mar 3, 2023 • Final

Bldg-alter/repair

Modify foundation and framing details for a soft-story seismic retrofit project due to field conditions.

Remodel

Aug 17, 2022 • Final

Plumbing

Install an earthquake shut-off valve.

Gas

Plumbing

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Property details

Parking

Garage
Above Street Level

Parking
# of Parking Spaces (Total): 8

Interior

Laundry Information
Laundry in Unit

Heating & Cooling
A/C, Central Cooling
Central Heat

Multi-Unit Income
Actual Rent Total: $282,600
Actual Annual Gross Rent: $282,600
Gross Income: 282600
Gross Operating Income: $274,122
Net Operating Income: $180,247

Multi-Unit Expenses
Total Annual Expense: $93,875

Multi-Unit Other Financial Information
Cap Rate: 4.56
Gross Rent Multiplier: 13.98
Vacancy Rate: 3
Vacancy Allow Dollar: $8,478
Scheduled Actual: Actual

Multi-Unit Information
Owner Pays: Water
Unit Type Type: 1, 2
Type Of Units: 8
# of Buildings: 1
Has Water Heaters: True

Unit 1 Information
# of Beds: 1
# of Baths: 1.00
Rent: $2,900
Projected Rent: $22,750
Actual Rent: $20,300
# of Units: 7

Unit 2 Information
# of Beds: 1
# of Baths: 2.00
Rent: $3,250
Projected Rent: $3,500
Actual Rent: $3,250
# of Units: 1

Exterior

Building Information
Total Floors: 2
Two Level

Property Information
Property Type: Residential Income

Land Information
Other Structures: None

Lot Information
Lot Size (Sq. Ft.): 6,511
Lot Size (Acres): 0.1495
Zoning: LAR3

Financial

Assessment Information
Assessed Total Value: $1,216,365
Assessed Land Value: $851,458
Assessed Land %: 70
Assessed Improvement Value: $364,907
Assessed Improvement %: 30.00
Assessor Parcel Number: 4334-011-009

Tax Information
No Mello-Roos Tax

Location

Community Information
# of Units in Complex (Total): 8

Location Information
Directions: West of La Cienega Blvd, East of Robertson Blvd, North of Burton Way & South of Beverly Blvd

Public facts

Beds: 8
Baths: 9.0
Sq. Ft.: 5,540
Stories: —
Lot Size: 6,513 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1962
Year Renovated: 1970
County: Los Angeles County
APN: 4334011009

Home facts updated by county records on Aug 28, 2026

Other

Documents & Disclosures
Disclosures: As Is

Around this home

Schools

Rosewood Avenue Elementary School

Public Tk-5 • Assigned • 0.7mi

7/10

John Burroughs Middle School

Public 6-8 • Assigned • 2.7mi

7/10

Fairfax Senior High School

Public 9-12 • Assigned • 1.4mi

5/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

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Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

6/10 Heat Factor

7 days above 88° expected this year, 22 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

5/10 Air Factor

7 unhealthy days expected this year, 7 days in 30 years

Provided by First Street

Historical weather

Los Angeles, CA • 90048

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.5 hours in June and 6.6 hours in December, placing it above the U.S. average for solar exposure.

9.5 hrs

6.6 hrs

JuneDecember

Provided by Shadowmap

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Home values near 309 S Hamel Rd

Data from public records.

Address	Redfin Estimate
315 South Hamel Rd, Los Angeles, CA 9 Beds \| - Baths \| 6000 Sq. Ft.	—
320 South Hamel Rd, Los Angeles, CA 12 Beds \| 6 Baths \| 3836 Sq. Ft.	—

Address	Redfin Estimate
317 South Hamel Rd, Los Angeles, CA 15 Beds \| 12 Baths \| 7885 Sq. Ft.	$3,260,344
310 South Hamel Rd, Los Angeles, CA 48 Beds \| 49 Baths \| 43656 Sq. Ft.	—

Address	Redfin Estimate
321 South Hamel Rd, Los Angeles, CA 11 Beds \| 9 Baths \| 7040 Sq. Ft.	—
8711 Burton Way, West Hollywood, CA 35 Beds \| 47 Baths \| 38173 Sq. Ft.	—

Property information provided by TheMLS when last listed in 2023. This data may not match . Learn more.

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About this home

Redfin Estimate

Market trends in Beverly Center, CA

Sale history for 309 S Hamel Rd

Tax history for 309 S Hamel Rd

Public record

Property details

Around this home

Schools

Lifestyle

Local insights from Redfin agents

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 90048

Home values near 309 S Hamel Rd

More real estate resources