121 N New Hampshire Avenue

    Los Angeles (City), CA 90004
    • $2,295,000
    • STATUS: Active
    • ON SITE: 95 days
    • ID#: 18354218
    UPDATED: 36 min ago
    $2,295,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,711
      SQFT
    • $342
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    PRICE REDUCED BY $354,000. We are pleased to present a Spanish Style 8 unit multifamily investment opportunity located in the Mid-Wilshire submarket of Los Angeles. The building consists of 6,711 SF of living area and is situated on a 7,499 SF lot zoned R-4. This zoning would provide a new owner with future development exit strategies such as the ability to build 18 units by right on the subject parcel (Buyer to Verify).This property features: 8 very spacious 1BR+1BA units. All units have hardwood floors and are individually metered for gas and electricity. The majority of the units have been beautifully renovated which is reflected by the Rent/SF that the owner has been able to achieve. The property has undergone major capital improvements including:100% Copper/Pex Plumbing, New Exterior Paint, New Landscaping, Rehabbed Units, etc. These upgrades help keep operating expenses low. Lastly, the property has parking for 6 spaces in the rear of the building along with on-site laundry.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-18T21:28:43.487. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/84636399

    121 N New Hampshire Avenue Los Angeles (City), CA 90004

    • Price: $2,295,000
    • Status: Active
    • Updated: 36 min ago
    • ID#: 18354218
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    6,711
    SQFT
    $342
    $/SQFT
    1923
    Built
    Neighborhood:
    C17 - Mid-Wilshire
    County:
    Los Angeles
    Area:
    C17 - Mid-Wilshire
    Property Description
    PRICE REDUCED BY $354,000. We are pleased to present a Spanish Style 8 unit multifamily investment opportunity located in the Mid-Wilshire submarket of Los Angeles. The building consists of 6,711 SF of living area and is situated on a 7,499 SF lot zoned R-4. This zoning would provide a new owner with future development exit strategies such as the ability to build 18 units by right on the subject parcel (Buyer to Verify).This property features: 8 very spacious 1BR+1BA units. All units have hardwood floors and are individually metered for gas and electricity. The majority of the units have been beautifully renovated which is reflected by the Rent/SF that the owner has been able to achieve. The property has undergone major capital improvements including:100% Copper/Pex Plumbing, New Exterior Paint, New Landscaping, Rehabbed Units, etc. These upgrades help keep operating expenses low. Lastly, the property has parking for 6 spaces in the rear of the building along with on-site laundry.
    Exterior Features

    Lot Size Units Square Feet Parking Features Other Parking YN Yes

    Interior Features

    Appliances YN Yes Cooling See Remarks Laundry Features See Remarks

    Property Features

    Cap Rate 3.82 Gross Multiplier 16.72 Gross Operating Income 133189.00 Improvements Amount 173157 Land Value 750363 Laundry YN Yes Net Operating Income 87690.00 Special Listing Conditions Standard Total Expenses 45499.00 Zoning Lar4

    Listing provided courtesy of Jonathan Prakash of Keller Williams Silicon Beach and Derrick Vartanian of .


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-18T21:28:43.487. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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