1186 N New Hampshire Ave - Apartments FOR SALE


Los Angeles, CA 90029- Little Armenia
$1,999,000 USD
424-317-0308
1186 N New Hampshire Ave, Los Angeles, CA for Sale
$1,999,000 USD
Apartments - FOR SALE
1/16
null | 4.66% Cap Rate

1186 N New Hampshire Ave
Los Angeles, CA 90029
Little Armenia


HIGHLIGHTS

  • Concentrated growth will see a noticeable increase in local residents and retail demand within a short walk
  • The property offers excellent access to major highways, public transportation (2 blocks away from Vermont/Sunset & Vermont/Santa Monica stations)
  • Property sits on a corner lot on N New Hampshire and Lexington Avenues (Great Exposure)
  • 3 fully remodeled units with copper plumbing, updated electrical, redone kitchens and bathrooms
  • All 6 garages have been updated

OVERVIEW

Property Overview: 1186 N New Hampshire is a 6-unit + 1 non-conforming apartment building consisting of (1) two-bedroom, one-bath and (5) one-bedroom, one-bath units. Each unit enjoys a spacious layout with separate dining area, large living area, and enjoys plenty of natural light through the newly upgraded windows across the entire building. Hardwood floors carry throughout. Three of the six units have recently upgraded kitchens that include granite countertops, stainless steel appliances, new gas lines, electrical, and lighting; new bathrooms include updated copper piping, electrical, lighting, and finished materials. The property also holds six garages that have newly installed drywall and new garage doors. The corner lot also allows for plenty of street parking. Location Highlights: The property is ideally located in a vibrant part of Hollywood where there is great walkability to shops and entertainment in the surrounding neighborhood. Conveniently nestled between the Vermont/Sunset and Vermont/Santa Monica Metro station, it is a short walk to Los Angeles City College, Hollywood Presbyterian, Children's Hospital LA, Kaiser Permanente LA, Barnsdall Art Park, and the Hollyhock House.

FOR SALE DETAILS

PRICE

$1,999,000 USD

PRICE/SF

$358 USD /SF

# OF UNITS

6

PRICE/UNIT

$333,167

CAP RATE

4.66%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,200 SF

ZONING

LARD1.5

APN/PARCEL ID

5540-019-001

ASK ABOUT THIS PROPERTY

Rick RamirezAlly Commercial Real EstateMore Info
424-317-0308

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Rick RamirezAlly Commercial Real EstateMore Info
424-317-0308

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.