121 N. New Hampshire Ave., Los Angeles, CA 90004

FOR SALE
  • $1,898,000
  • reduced $51,000 on 11/23/2016
  • 59 Days on site
  • Est: $7,032/month
  • Mortgage Center
  • Beds: n/a
  • Baths: n/a
  • Multi-Family Home
  • 6,711 sq ft
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Description

CENTURY 21 Commercial Select is pleased to introduce a Fantastic opportunity to own a stabilized gorgeous 8 unit building in Korea Town. The unit mix is 8 1-bedroom, 1-bath large units. They are individually metered and delightfully finished. The rents are solid, but there is some room for rent appreciation as well. Like most of Los Angeles, this unit is covered under rent control. There is great parking on the back, beautiful hardwood floors, large baseboards in each unit. Professionally managed and maintained. The location is the best. Two blocks away from the Red-Line Metro station and safely across the street from Frank Del Olmo Elementary School. The opportunity also offers potential for re-development, since it boasts a 7,499 Sq Ft R4 Lot that would allow you to build 18 units with "by right" or 25 units with density bonus. At 30% expense ratio it has an attractive ACTUAL 4. 72 CAP rate and ACTUAL 14. 84 GRM. Once rents are increased to market rents, the pro forma CAP Rate would be 5. 86% and Pro Forma GRM 11. 94 Click here to learn more about this listing..

  • MLS ID# 16-169808
  • Year Built: 1923
  • 59 Days on site
  • Virtual Tour
  • Multi-Family Home
  • Beds: n/a
  • Baths: n/a

Listing Details

Lot Size
Approximately 7499 Square Feet

Local Info

Population
69,400
Median Household Income
$33,671
Median Years In Residence
7
Median Homeowner Age
31
Households with Children
55.89%
Percent of Homes Rented
80.22%

Nearby Elementary Schools

100 N New Hampshire Ave
215 S Commonwealth Ave
4211 Oakwood Ave

Nearby Primary Schools

310 S La Fayette Park Pl

Nearby Middle Schools

152 N Vermont Ave
3119 W 6th St
615 Shatto Pl

Nearby High Schools

221 N Westmoreland Ave
222 N Virgil Ave
3500 W Temple St

These are the closest schools to your requested location. Proximity does not guarantee enrollment eligibility. Please consult your real estate agent or school district to confirm the schools you are zoned to attend.

Mortgage Rates

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Property Contact Info

Listing Provided By: Century 21 Select
(310) 557-2100
Listing Agent: Ronald Escobar

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