121 North New Hampshire Avenue

Los Angeles, CA 90004

$2,285,000
Price
8
Beds
8
Baths
6,711 Sq. Ft.
$340 / Sq. Ft.
6,711
Sq. Ft.
$340
per Sq. Ft.

Description

Prime 8-Unit Multifamily Property in Koreatown. Located in the heart of vibrant Koreatown, this property offers excellent proximity to key attractions and essential amenities. Comprising 8 spacious units, with 3 recently remodeled and currently vacant, offering potential for immediate rental income or owner occupancy. Enjoy easy access to public transportation, making commuting a breeze for tenants. The property is also near major freeways, enhancing connectivity. Minutes away from Silver Lake and...Prime 8-Unit Multifamily Property in Koreatown. Located in the heart of vibrant Koreatown, this property offers excellent proximity to key attractions and essential amenities. Comprising 8 spacious units, with 3 recently remodeled and currently vacant, offering potential for immediate rental income or owner occupancy. Enjoy easy access to public transportation, making commuting a breeze for tenants. The property is also near major freeways, enhancing connectivity. Minutes away from Silver Lake and Dodger Stadium, tenants can enjoy the best of Los Angeles' cultural and recreational activities. With 3 vacant and remodeled units, you can start generating rental income right away or choose to reside in one of the modernized apartments. The remaining units present an opportunity for further renovation, increasing the property's overall value and rental income potential. Koreatown is known for its bustling atmosphere and strong rental market, ensuring consistent demand for units. KEY FEATURES: LAR4 gives you the ability to build up to 18 units. 3 vacant units. Per city, you can convert each unit as follow: 1 bedroom and 1 studio or convert it to 2 bedroom apartment.
  1. Listed by Shiva Mehrdad • DRE #01279649 • Brokerage DRE #01268376 • Power Brokers

Property Details for 121 North New Hampshire Avenue

Zoning
LAR4
Parcel Number
5518027014
Total Units
8.0
Living Area
6711
Source Living Area
Vendor Enhanced
Area
Mid-Wilshire (C17)
Vacancy Rate
30
Lot Size Area
7501
LISTING UPDATED: 10/09/2024 12:01 AM

Property Details for 121 North New Hampshire Avenue

StatusActive
MLS #24-447665
Days on Market81
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.17 AC / 7,501 SF
CountyLos Angeles County

Building Information for 121 North New Hampshire Avenue

Stories2Residences-Year Built1923Building Size-Lot Size0.17 AC / 7,501 SF

Property Information for 121 North New Hampshire Avenue

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: APARTMENT
  • Security Features: None
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $15,019
  • Net Operating Income: $121,159.00
  • Gross Income: $15,019
  • Cap Rate: 5.06%
  • Gross Rent Multiplier: $13.29
  • Owner Pays: Water, Other
  • Total Annual Expense: 59071
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1722
  • Lot Size Square Feet: 7501
Parking Details
Parking Details
  • Parking Garage: Assigned, Other, Uncovered
  • Total Parking: 0
  • Parking Features: Assigned, Uncovered
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Other
  • Equipment: Range/Oven, Refrigerator
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-01-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,772.00
  • Unit Actual Rent: $1,772.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $923.00
  • Unit Actual Rent: $923.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,250.00
  • Unit Actual Rent: $2,250.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $993.60
  • Unit Actual Rent: $993.60
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,850.00
  • Unit Actual Rent: $1,850.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $641,421.00
  • Assessed Improvement Percent: 30.1
  • Assessed Land Value: $1,489,216.00
  • Assessed Land Percent: 69.9
  • Assessed Total Value: $2,130,637.00

Property History for 121 North New Hampshire Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 121 North New Hampshire Avenue

Taxable ValueLand$1,519,000Additions$655,749Total$2,174,749
Tax Record2024$27,327 ($2,277 / month)
Home Facts
Total Finished SqFt6,711 SqFtAbove Grade Finished SqFt6,711 SqFtLot Size7,499 SqFtStyleMulti-Family Res (5+ Units)Year Built1923ZoningLAR4CountyLOS ANGELESAPN5518-027-014

Schools near 121 North New Hampshire Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Frank Del Olmo Elementary School
PublicK to 5

Virgil Middle School
Public6 to 8

Academic Leadership Community School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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121 North New Hampshire Avenue is a multi-family home for sale in Los Angeles, CA 90004. This property was listed for sale on October 1, 2024 by Power Brokers, it's currently listed at $2,285,000. It has been on the market for a total of 81 days and was last sold on February 17, 2017. This listing's school district is Los Angeles Unified School District. Nearby schools include Frank Del Olmo Elementary School, Virgil Middle School and Contreras Learning Center-School Of Social Justice. 121 North New Hampshire Avenue is a 8-bed, 8-bath, 6,711 sqft multi-family home built in 1923.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Power Brokers, Shiva Mehrdad, DRE #01279649

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.