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121 N New Hampshire Ave, Los Angeles, CA 90004

$1,910,000

  • Sold
  • Closed
  • Multi-Family
121 N New Hampshire Ave, Los Angeles, CA 90004View this property at 121 N New Hampshire Ave, Los Angeles, CA 90004
121 N New Hampshire AveLos AngelesCA90004

Map & Location

Street View

Property Description

This is a Fantastic opportunity to own a stabilized gorgeous 8 unit building in Korea Town. The unit mix is 8 1-bedroom, 1-bath large units. They are individually metered and delightfully finished. The rents are solid, but there is some room for rent appreciation as well. Like most of Los Angeles, this unit is covered under rent control. There is great parking on the back, beautiful hardwood floors, large baseboards in each unit. Professionally managed and maintained. The location is the best. Two blocks away from the Red-Line Metro station and safely across the street from Frank Del Olmo Elementary School. The opportunity also offers potential for re-development, since it boasts a 7,499 Sq Ft R4 Lot that would allow you to build 18 units
with "by right" or 25 units with density bonus. At 30% expense ratio it has an attractive ACTUAL 4.72 CAP rate and ACTUAL 14.84 GRM. Once rents are increased to market rents, the pro forma CAP Rate would be 5.86% and Pro Forma GRM 11.94.

Full Property Detailsfor 121 N New Hampshire Ave

General

  • Sold For: $1,910,000
  • Status: Closed
  • Type: Multi-Family
  • MLS ID: 16-182786
  • Added: 572 day(s) ago

Interior

  • Interior Features: Other

Location

  • County: Los Angeles
  • Driving Directions: South of Beverly, West of Vermont

Heating & Cooling

  • Heating Type: Other

Structural Information

  • # Buildings: 1
  • Square Feet: 6,711
  • Year Built: 1923

Unit Information

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Lot Size (Sq. Ft.): 7,499
  • Zoning: LAR4

Listed by Century 21 Select, Ronald Escobar - CA DRE: 01844635
Sold by Integra Real Estate Group, Jorge Vargas - CA DRE: 01526012

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Schools

Schoolsserving 121 N New Hampshire Ave

School District:Los Angeles Unified School District
School Name
Grades
Distance
Frank Del Olmo Elementary School
100 N New Hampshire Ave, Los Angeles, CA 90004
K-6
0 mi
Virgil Middle School
152 N Vermont Ave, Los Angeles, CA 90004
6-8
0.1 mi
Belmont Senior High School
1575 W 2nd St, Los Angeles, CA 90026
9-12
1.9 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History

Price & Sales Historyfor 121 N New Hampshire Ave

Date
Details
Price
Change
Source
2/17/2017
Sold
$1,910,000
0.63%
MLS
11/27/2016
Listed
$1,898,000
MLS
Disclaimer: Historical sales and tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Community Info

Community Infofor 121 N New Hampshire Ave

Listed by Century 21 Select, Ronald Escobar - CA DRE: 01844635
Sold by Integra Real Estate Group, Jorge Vargas - CA DRE: 01526012

121 N New Hampshire Ave, Los Angeles, CA 90004 (MLS# 16-182786) is a Multi-Family property that was sold at $1,910,000 on February 17, 2017. Want to learn more about 121 N New Hampshire Ave? Do you have questions about finding other Multi-Family real estate for sale in Mid-Wilshire? You can browse all Mid-Wilshire real estate or contact a Coldwell Banker agent to request more information.