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

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


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 Space (10)

Local Info

Median Household Income
Median Years In Residence
Median Homeowner Age
Households with Children
Percent of Homes Rented

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

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