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121 N New Hampshire Ave, Los Angeles, CA 90004

$1,898,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 2 days ago
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

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

  • Price: $1,898,000
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 16-182786
  • Updated: 12/8/2016
  • Added: 14 day(s) ago

Property History

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

Interior

  • Interior Features: Other

Parking

  • Parking Type: Private

Location

  • Area: Mid-Wilshire (C17)
  • County: Los Angeles
  • Development Name: Mid-Wilshire (C17)
  • 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 Source: Vendor Enhanced
  • Zoning: LAR4

Financial Considerations

  • Price Per Sq. Ft.: $282.82

Disclosures and Reports

  • Legal Disclosures: Take Property As Is, Rent Control

Listed by Century 21 Select, Ronald Escobar - CA DRE: 01844635

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Estimate the Cost

121 N New Hampshire Ave will cost you if you:

  • Buy it at list price: $
  • Put down a % down payment : $
  • Pay at a interest rate over

  • Pay $ per year in insurance and $ per year in property taxes.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

In the Community

Nearby Schools

121 N New Hampshire Ave, Los Angeles, CA 90004 (MLS# 16-182786) is a Multi-Family property with 8 units containing 0 bedrooms and 0 full bathrooms. 121 N New Hampshire Ave is currently listed for $1,898,000 and was received on November 27, 2016. 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

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