OFF MARKET

Off Market Nov 2023 for $3.4M

—

Est. refi paymentEst. refi $14,062/mo

•

9 ba

•

7,040

sq ft

321 S Hamel Rd, Los Angeles, CA 90048

About this home

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.

Multi-familyProperty Type

1958Year Built

5,467 sq ftLot Size

$492Price/Sq.Ft.

1 garage spacesParking

Listed by Jason Tuvia •DRE #01772495 • Marcus & Millichap

•818-448-4415 (agent)

•jtuvia@marcusmillichap.com (agent)

Bought with Jason Tuvia •DRE #01772495 • Marcus & Millichap

Redfin checked: 3 minutes ago

•Source:TheMLS #23-261637

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

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See all

Provided by Redfin

Sale history for 321 S Hamel Rd

Date

Event

Price

TheMLS #23-261637

Nov 27, 2023

Sold

$3,465,000

$492/sq ft

Oct 16, 2023

Pending

—

Aug 7, 2023

Contingent

—

Apr 18, 2023

Listed

$3,675,000

$522/sq ft

SDMLS #301745853

Dec 13, 2018

Listing Removed

—

Sep 7, 2018

Listed

$3,650,000

$518/sq ft

TheMLS #18-390666

Dec 13, 2018

Delisted

—

Sep 7, 2018

Listed

SDMLS #301733033

Aug 24, 2018

Listing Removed

—

Jan 24, 2018

Listed

$3,650,000

$518/sq ft

TheMLS #18-306612

Aug 24, 2018

Delisted

—

Jan 24, 2018

Listed

TheMLS #17-280918

Oct 30, 2017

Delisted

—

Oct 16, 2017

Listed

SDMLS #301729193

Oct 30, 2017

Listing Removed

—

Oct 16, 2017

Listed

$3,600,000

$511/sq ft

TheMLS #02-049905

Nov 14, 2002

Delisted

—

Aug 14, 2002

Listed

Public Records

Dec 31, 1970

Sold

$74,500

$11/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$43,198 (+1.1%)

$2,514,300 + $1,020,000

$3,534,300

2024

$42,721 (+62.8%)

$2,514,300 + $1,020,000

$3,534,300

2023

$26,234 (+4.8%)

$2,465,000 + $1,000,000

$3,465,000

2022

$25,042 (+1.3%)

$1,445,044 + $645,950

$2,090,994

2021

$24,716 (−1.0%)

$1,416,710 + $633,285

$2,049,995

2020

$24,974 (+4.0%)

$1,388,932 + $620,868

$2,009,800

2019

$24,002 (+0.6%)

$1,374,691 + $614,502

$1,989,193

2018

$23,859 (+2.4%)

$1,347,737 + $602,453

$1,950,190

2017

$23,309 (+2.5%)

$1,295,403 + $579,060

$1,874,463

2016

$22,751 (+1.5%)

$1,295,403 + $579,060

$1,874,463

2015

$22,425 (−0.5%)

$1,270,003 + $567,706

$1,837,709

2014

$22,536 (−1.2%)

$1,226,424 + $548,226

$1,774,650

2012

$22,820 (+3.3%)

$1,220,882 + $545,749

$1,766,631

2011

$22,092 (−0.7%)

$1,196,944 + $535,049

$1,731,993

2010

$22,247 (+3.8%)

$1,173,475 + $524,558

$1,698,033

2009

$21,439 (+4.4%)

$1,164,705 + $520,638

$1,685,343

2008

$20,527

$1,167,472 + $521,875

$1,689,347

Tax history for 321 S Hamel Rd

Year

Property tax

Land + Additions

Assessment*

2025

$43,198 (+1.1%)

$2,514,300 + $1,020,000

$3,534,300

2024

$42,721 (+62.8%)

$2,514,300 + $1,020,000

$3,534,300

2023

$26,234 (+4.8%)

$2,465,000 + $1,000,000

$3,465,000

2022

$25,042 (+1.3%)

$1,445,044 + $645,950

$2,090,994

2021

$24,716 (−1.0%)

$1,416,710 + $633,285

$2,049,995

2020

$24,974 (+4.0%)

$1,388,932 + $620,868

$2,009,800

2019

$24,002 (+0.6%)

$1,374,691 + $614,502

$1,989,193

2018

$23,859 (+2.4%)

$1,347,737 + $602,453

$1,950,190

2017

$23,309 (+2.5%)

$1,295,403 + $579,060

$1,874,463

2016

$22,751 (+1.5%)

$1,295,403 + $579,060

$1,874,463

2015

$22,425 (−0.5%)

$1,270,003 + $567,706

$1,837,709

2014

$22,536 (−1.2%)

$1,226,424 + $548,226

$1,774,650

2012

$22,820 (+3.3%)

$1,220,882 + $545,749

$1,766,631

2011

$22,092 (−0.7%)

$1,196,944 + $535,049

$1,731,993

2010

$22,247 (+3.8%)

$1,173,475 + $524,558

$1,698,033

2009

$21,439 (+4.4%)

$1,164,705 + $520,638

$1,685,343

2008

$20,527

$1,167,472 + $521,875

$1,689,347

*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

5,403 Sq. Ft.

Year renovated

1958

Sq. Ft.

6,490

Year built

1958

Style

Multi-Family (5+ Unit)

County

Los Angeles County

APN

4334011012

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 28, 2026.

Jul 24, 2023 • Final

Bldg-alter/repair

Convert an existing storage room into an accessory dwelling unit within an existing three-story, eight-unit apartment building.

ADU

Jun 29, 2023 • Final

Bldg-alter/repair

Expand an accessory dwelling unit conversion into additional existing space. Replace the structural inventory as part of the supplemental work.

ADU

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
Covered Parking, Attached

Parking
# of Parking Spaces (Total): 12
# of Covered Parking Spaces: 12

Interior

Laundry Information
Laundry Area

Flooring Information
Wood Floors

Equipment
Dishwasher, Refrigerator, Range/Oven

Heating & Cooling
A/C
Wall Heat

Multi-Unit Income
Gross Income: 235552
Gross Operating Income: $228,486
Net Operating Income: $152,181

Multi-Unit Expenses
Total Annual Expense: $76,454

Multi-Unit Other Financial Information
Cap Rate: 4.14
Gross Rent Multiplier: 15.6
Vacancy Rate: 33
Vacancy Allow Dollar: $7,067
Vacancy Allow %: 3
Scheduled Actual: Actual

Multi-Unit Information
Unit Type Type: 1, 2, 3
Type Of Units: Market
# of Buildings: 1
Has Water Heaters: True
Laundry Equipment: Own

Unit 1 Information
# of Beds: 1
# of Baths: 1.00
Rent: $1,905
Projected Rent: $2,350
Actual Rent: $1,905
# of Units: 6

Unit 2 Information
# of Beds: 2
# of Baths: 1.00
Rent: $2,725
Projected Rent: $2,800
Actual Rent: $2,725
# of Units: 2

Unit 3 Information
# of Beds: 1
# of Baths: 1.00
Rent: $2,750
Projected Rent: $2,750
Actual Rent: $2,750
# of Units: 1

Exterior

Building Information
Total Floors: 3
Multi Levels
Attached
ADA Compliance: False

Property Information
Land Lease Type: Fee
Property Type: Residential Income
Property Condition: Updated/Remodeled

Land Information
Other Structures: Accessory Dwelling Unit

Lot Information
Lot Size (Sq. Ft.): 5,467
Lot Size (Acres): 0.124
Zoning: LAR3
Lot Location: City
Lot Description: Landscaped, Lawn, Single Lot, Sidewalks, Alley Paved

Property Features
Has View
View: City
Alley: True

Financial

Assessment Information
Assessed Total Value: $2,049,995
Assessed Land Value: $1,416,710
Assessed Land %: 69.11
Assessed Improvement Value: $633,285
Assessed Improvement %: 30.89
Assessor Parcel Number: 4334-011-012

Tax Information
No Mello-Roos Tax

Location

Community Information
# of Units in Complex (Total): 9
Athletic Court: None

Location Information
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.

Public facts

Beds: 10
Baths: 8.0
Sq. Ft.: 6,490
Stories: —
Lot Size: 5,403 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1958
Year Renovated: 1958
County: Los Angeles County
APN: 4334011012

Home facts updated by county records on Aug 28, 2026

Other

Documents & Disclosures
Disclosures: As Is

Listing Information
Possession: Close Of Escrow

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

Local insights from Redfin agents

LA's real estate market stays a top-tier profit machine through the mid point of26! Strong demand, tight inventory, and the city's allure drive steady 3-7% appreciation. High equity and robust rents make it ideal for long-term investors seeking...
1 month ago • Los Angeles
Thomas Chorley
Redfin Premier agent
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The real estate market is becoming more balanced. Buyers have more inventory, more data, and more time to make informed decisions than they did a year ago. Well-priced homes are still moving quickly, but today’s market rewards preparation, strategy,...
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82 deals
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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 321 S Hamel Rd

Data from public records.

Address	Redfin Estimate
309 S Hamel Road, Los Angeles, CA 8 Beds \| 9 Baths \| 5540 Sq. Ft.	—
320 S Hamel Road, Los Angeles, CA 12 Beds \| 6 Baths \| 3836 Sq. Ft.	—

Address	Redfin Estimate
315 S Hamel Road, Los Angeles, CA 9 Beds \| - Baths \| 6000 Sq. Ft.	—
8711 Burton Way, West Hollywood, CA 35 Beds \| 47 Baths \| 38173 Sq. Ft.	—

Address	Redfin Estimate
317 S Hamel Road, Los Angeles, CA 15 Beds \| 12 Baths \| 7885 Sq. Ft.	$3,260,344
314 Arnaz Drive, Los Angeles, CA - Beds \| 47 Baths \| 33462 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 321 S Hamel Rd

Tax history for 321 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 321 S Hamel Rd

More real estate resources