Property listed by Marcus & Millichap, Filip Niculete 818-212-2700
$2,395,000
We are pleased to present for sale the New Hampshire Villas, a 12-unit apartment complex located at 1145 S New Hampshire Avenue in Los Angeles, California. Situated in the lively Pico-Union, this asset offers investors a near turnkey opportunity with strong rental upside potential.Originally built in 1929 and remodeled in… Read More 2018, the property is situated on a 5,399-square-foot lot with 6,710 square feet of rentable area. The unit mix includes eight studio/one-bath units and four one-bedroom/one-bath units, all featuring high-end finishes, stainless steel appliances, and modern interiors. The property has been thoughtfully maintained by current ownership and is complete with updated flooring, tiles, countertops, and a new roof that was installed in 2017. With a Walk Score of 94, tenants enjoy unparalleled access to restaurants, bars, shopping, and public transit options, making it a highly desirable location for renters seeking convenience and lifestyle appeal. The property is individually metered for gas and electricity, with separate water heaters for each unit, ensuring efficient operational management. This offering presents a rare chance to acquire a stabilized, well-maintained asset with the opportunity to increase income over time in one of Los Angeles' most sought-after rental submarkets. Read Less
Listing Snapshot
Days Online
52
Last Updated
Property Type
Other
Beds
8
Square Ft.
6,710
Lot Size
0.13 Acres
Year Built
1929
MLS Number
25496795
30 Days Snapshot Of 90006
$1,088k
+47%
(avg) sold price
2
-71%
homes sold
43
-37%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1929, Building area total: 6,710, Levels: MultiSplit, Living area: 6710, 1 building
Heating
WallFurnace
Income
Gross income: $205,795, Net operating income: $127,168
Laundry
CommonArea
Lot
0.1256 acres, 5,469 square feet, Size: 5,469
Parking
None
Property
Zoning: LAR4
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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