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851 New Hampshire Avenue
Los Angeles, CA 90005
Sold
851 New Hampshire Avenue
Los Angeles, CA 90005
Sold
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!
PROPERTY INFORMATION
| MLS # | P1-17154 | Lot Size | 7,506 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Apartment |
| Price | $ 1,475,000
Price Per SqFt: $ 315 |
DOM | 390 Days |
| Address | 851 New Hampshire Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 4,684 Sq. Ft. |
| Postal Code | 90005 | Garage | N/A |
| County | Los Angeles | Year Built | 1921 |
| Bed / Bath | 8 / 0 | Parking | 8 |
| Built In | 1921 | Status | Closed |
| Sold Date | 2024-08-22 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Inside, Gas Dryer Hookup, Washer Hookup, Individual Room |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | Yes |
| Kitchen Appliances | Recirculated Exhaust Fan, Gas Water Heater, Water Heater |
| Has Heating | Yes |
| Heating Information | Wall Furnace, Natural Gas |
| Room Information | Family Room, Main Floor Bedroom, Laundry, Kitchen, Living Room |
| Has Cooling | Yes |
| Cooling Information | Wall/Window Unit(s) |
| Flooring Information | Carpet, Vinyl, Laminate |
| InteriorFeatures Information | 2 Staircases, Balcony, Unfurnished, Formica Counters, Copper Plumbing Partial, Storage, Living Room Balcony, Crown Molding, Block Walls |
| EntryLocation | 1st Floor |
| Entry Level | 12 |
| Has Spa | No |
| SpaDescription | None |
| WindowFeatures | Wood Frames |
| SecuritySafety | Automatic Gate, Security Lights, Smoke Detector(s), Carbon Monoxide Detector(s) |
EXTERIOR FEATURES
| ExteriorFeatures | Awning(s), Lighting |
| FoundationDetails | Raised |
| Roof | Flat, Spanish Tile, Rolled/Hot Mop |
| Has Pool | No |
| Pool | None |
| Has Fence | Yes |
| Fencing | Fair Condition |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,573
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 04/08/2024 | Listed | $1,475,000 |
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Listing provided courtesy of Bryce Cheng, Ko Tai Realty. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
