851 S NEW HAMPSHIRE AVE
LOS ANGELES, CA 90005

$1,475,000

0 Beds

0 Baths

4,684 Sq Ft

Status Active Under Contract

MLS# P1-17154

Welcome to a prime investment opportunity nestled in the heart of Koreatown. This 4-unit apartment complex offers a chance for investors or owner-occupants seeking a high-demand rental property in one of LA's most dynamic neighborhoods. Gated parking with two spaces per unit. In-unit laundry hook-ups and separate water heaters. Private balconies.Property Overview:Location: Situated in the coveted Koreatown district, this property enjoys proximity to an array of amenities including shopping centers, restaurants, entertainment venues, and public transportation hubs.Unit Mix: The complex comprises four spacious units thoughtfully designed to cater to the needs of urban dwellers. Each unit offers a blend of comfort, functionality, and modern conveniences. Each unit is Two Bedroom, two bathrooms on one level of approximately 1,170 square feet.Income Potential: With strong rental demand in Koreatown, this property presents an attractive income-generating opportunity for investors. The consistently high demand for housing in this area should provide stable rental income and potential for long-term appreciation.Spacious Layouts: Each unit boasts generous living spaces, providing residents with ample room for relaxation and entertainment.Investment Highlights:Strong Market Fundamentals: Koreatown continues to attract renters due to its central location, diverse cultural offerings, and vibrant atmosphere.Stable Cash Flow: With a proven track record of rental success, this property should offer a stable source of cash flow for investors.Value-Add Potential: While already well-maintained, there is potential for further enhancement and value-add opportunities to maximize rental income.Low Vacancy Rates: Demand for housing in Koreatown remains consistently high, resulting in low vacancy rates.Don't miss out on this exceptional investment opportunity in Koreatown, whether you're a seasoned investor looking to expand your portfolio or a newcomer!

Details for 851 S NEW HAMPSHIRE AVE

Built in 1921

$315 / Sq Ft

8 parking spaces

Wall/Window Unit(s)

Natural Gas, Wall Furnace

53 Days on website

0.1723 acres lot

Interior

Appliances

Gas Water Heater, Recirculated Exhaust Fan, Water Heater

Fireplace Features

None

Flooring

Carpet, Laminate, Vinyl

Interior Features

2 Staircases, Balcony, Block Walls, Copper Plumbing Partial, Crown Molding, Formica Counters, Living Room Balcony, Storage, Unfurnished

Laundry Features

Gas Dryer Hookup, Individual Room, Inside, Washer Hookup

Living Area

4,684 SqFt.

Building And Construction

Accessibility Features

None

Number Of Units Total

Property Sub Type

Multi Family

Property Type

Residential Income

Security Features

Automatic Gate, Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s)

Window Features

Wood Frames

Year Built

1921

Exterior And Lot

Exterior Features

Awning(s), Lighting

Lot Features

Front Yard, Lawn, Level With Street, Lot 6500-9999, Near Public Transit, Paved, Rectangular Lot, Utilities - Overhead, Yard

Lot Size Acres

0.1723

Lot Size Square Feet

7506

Lot Size Units

Square Feet

Parking Features

Assigned, Driveway Level, Gated, Off Street, On Site, Parking Space, Paved

Parking Total

Pool Features

None

Spa Features

None

Zoning

R4-2

Utilities

Cooling

Wall/Window Unit(s)

Heating

Natural Gas, Wall Furnace

Area And Schools

City

Los Angeles

Community Features

Biking, Curbs, Golf, Park, Sidewalks, Storm Drains, Street Lights, Urban

County Or Parish

Los Angeles

Subdivision Name

Not Applicable

Financial Info

Buyer Agency Compensation^*

2.5%

^*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Details for 851 S NEW HAMPSHIRE AVE

Interior

Building And Construction

Exterior And Lot

Utilities

Area And Schools

Financial Info

Area Information for 851 S NEW HAMPSHIRE AVE