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

PENDING
  • $1,898,000
  • 53 Days on site
  • Beds: 8
  • Baths: 8
  • Commercial Building
  • 6,711 sq ft
X

Description

This is 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.

  • MLS ID# 16-182786
  • Year Built: 1923
  • 53 Days on site
  • Commercial Building
  • Beds: 8
  • Baths: 8

Listing Details

Parking
Parking Space (10)

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
3600 Council St
215 S Commonwealth 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.

Property Contact Info

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

Need More Information?

Please fill out this form to request more photos or more information regarding this property.

We guarantee 100% privacy. Your information will not be shared with additional third parties.

The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor`s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing.<br>Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. 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.<br>The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.<br>CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS),CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share).