311 South New Hampshire Avenue

Los Angeles, CA 90020

$4,250,000
Price
24
Beds
24
Baths
11,792 Sq. Ft.
$360 / Sq. Ft.
11,792
Sq. Ft.
$360
per Sq. Ft.

Description

311 South New Hampshire Avenue is an attractive 16-unit apartment community in Koreatown. 311 South New Hampshire was built in 1989 and has the AB 1482 Designation, allowing annual rent increases of 5%, plus the CPI, in 2024. The property consists of eight (8) Two Bedroom / 2 Bathroom units and eight (8) One Bedroom / One Bathroom units 16 spacious units. Current ownership has proven a concept for future ownership by executing tasteful remodels of five units (Units 201, 202, 204, 205, and 208). Unit...311 South New Hampshire Avenue is an attractive 16-unit apartment community in Koreatown. 311 South New Hampshire was built in 1989 and has the AB 1482 Designation, allowing annual rent increases of 5%, plus the CPI, in 2024. The property consists of eight (8) Two Bedroom / 2 Bathroom units and eight (8) One Bedroom / One Bathroom units 16 spacious units. Current ownership has proven a concept for future ownership by executing tasteful remodels of five units (Units 201, 202, 204, 205, and 208). Unit upgrades include new modern flooring, updated bathrooms/kitchens with new appliances and countertops, and sleek fixtures throughout. 311 South New Hampshire Avenue boasts ample onsite parking, with 22 spaces in total. The property is not on the LA City mandatory seismic retrofit list. Located in Koreatown, 311 S New Hampshire Avenue is a short distance from the City's primary employers in Downtown Los Angeles and Hollywood and has world-class access to public transportation. 311 South New Hampshire Avenue has a Walk Score of 95 out of 100. This location is a Walker's Paradise, and daily errands do not require a car.
  1. Listed by Nick Astrupgaard • DRE #01893466 • Brokerage DRE #01125362 • KW Commercial Studio City
  2. Listed by Rich Johns • DRE #01432215 • Brokerage DRE #01125362 • KW Commercial Studio City

Property Details for 311 South New Hampshire Avenue

Zoning
LAC2
Living Area
11792
Source Living Area
Assessor
Area
Mid-Wilshire (C17)
Vacancy Rate
0
Lot Size Area
9015
Source Lot Size Area
Assessor
Assessor Parcel Number
5502-007-014
LISTING UPDATED: 12/03/2024 12:00 PM

Property Details for 311 South New Hampshire Avenue

StatusActive
MLS #24-468817
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1989
Lot Size0.21 AC / 9,015 SF
CountyLos Angeles County

Building Information for 311 South New Hampshire Avenue

Stories2Residences-Year Built1989Building Size-Lot Size0.21 AC / 9,015 SF

Property Information for 311 South New Hampshire Avenue

Community / Development
Community / Development
  • Number Of Units: 16
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $377,757
  • Net Operating Income: $232,659.00
  • Gross Income: $385,467
  • Cap Rate: 5.50%
  • Gross Rent Multiplier: $11.00
  • Total Annual Expense: 145099
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.207
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 22
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • Other Structures: None
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,460.00
  • Unit Actual Rent: $11,680.00
  • Unit Projected Rent: $15,600.00
  • Like Units: 8
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,128.00
  • Unit Actual Rent: $17,027.00
  • Unit Projected Rent: $20,400.00
  • Like Units: 8
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,352,520.00
  • Assessed Improvement Percent: 36.11
  • Assessed Land Value: $2,392,920.00
  • Assessed Land Percent: 63.89
  • Assessed Total Value: $3,745,440.00

Property History for 311 South 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 311 South New Hampshire Avenue

Taxable ValueLand$2,440,778Additions$1,379,570Total$3,820,348
Tax Record2024$47,593 ($3,966 / month)
Home Facts
Total Finished SqFt11,792 SqFtAbove Grade Finished SqFt11,792 SqFtLot Size9,015 SqFtStyleMulti-Family Res (5+ Units)Year Built1989ZoningLAC2CountyLOS ANGELESAPN5502-007-014

Schools near 311 South 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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311 South New Hampshire Avenue is a multi-family home for sale in Los Angeles, CA 90020. This property was listed for sale on December 3, 2024 by KW Commercial Studio City, it's currently listed at $4,250,000. It has been on the market for a total of 1 days and was last sold on December 17, 2020. This listing's school district is Los Angeles Unified School District. Nearby schools include Frank Del Olmo Elementary School, Virgil Middle School and Academic Leadership Community School. 311 South New Hampshire Avenue is a 24-bed, 24-bath, 11,792 sqft multi-family home built in 1989.

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 KW Commercial Studio City, Nick Astrupgaard, DRE #01893466; KW Commercial Studio City, Rich Johns, DRE #01432215

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.