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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 90004 View this property at 121 N New Hampshire Ave, Los Angeles, CA 90004
121 N New Hampshire Ave Los Angeles CA 90004

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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 Details for 121 N New Hampshire Ave

  • Sold For: $1,910,000
  • Status: Closed
  • Type: Multi-Family
  • MLS ID: 16-182786
  • Added: 328 day(s) ago

Property History

  • 121 N New Hampshire Ave, Los Angeles, CA
  • Sold at $1,910,000 on 2/17/17
  • Listed at $1,898,000 on 11/27/16

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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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.

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