1211 N New Hampshire Ave - Apartments FOR SALE


Los Angeles, CA 90029- Little Armenia
$5,225,000 USD
818-212-2816
1211 N New Hampshire Ave, Los Angeles, CA for Sale
$5,225,000 USD
Apartments - FOR SALE
1/11
null | 5.74% Cap Rate

1211 N New Hampshire Ave
Los Angeles, CA 90029
Little Armenia


HIGHLIGHTS

  • Great East Hollywood Location - Silver Lake Adjacent
  • Three (3) Units Delivered Vacant for 1211 N New Hampshire Ave
  • Soft-Story Retrofit Completed in 2019 for 1212 N New Hampshire Ave
  • Solid Rental Upside Potential (+25%)
  • On-Site Parking Available - Excellent Opportunity to Convert into Multiple ADUs
  • On-Site Laundry Facility Available

OVERVIEW

Marcus and Millichap is pleased to present a two (2) building portfolio consisting of twenty-eight (28) units located at 1211-1212 N New Hampshire Ave in Los Angeles, California. The subject property is located in a great East Hollywood location, just north of Santa Monica Blvd and west of Vermont Ave. Located in a prime East Hollywood location adjacent to Silver Lake, this two-property portfolio consists of 28 units and offers a desirable mix of six studios, 21 one-bedroom units, and one two-bedroom unit. Three units at 1211 N New Hampshire Ave will be delivered vacant, providing immediate value-add potential, while existing rents offer approximately 25% upside. The properties feature on-site parking with potential for multiple ADU conversions, on-site laundry, and a completed 2019 soft-story retrofit at 1212 N New Hampshire Ave. Residents benefit from convenient access to the 101 Freeway, Metro B Line, Sunset Junction, major commercial corridors, neighborhood parks, restaurants, coffee shops, retail, entertainment, healthcare, and Los Angeles City College, placing everyday amenities and nearby popular destinations easily within reach across central Los Angeles. This two-property portfolio presents a compelling value-add opportunity through three delivered-vacant units, approximately 25% rental upside, and significant ADU conversion potential in a highly desirable East Hollywood location. For OM, please visit: https://www.lamultifamilydeals.com/active-listings/1211-1212-n-new-hampshire-ave ***PLEASE NOTE: This property is being sold with 1212 N New Hampshire Ave, APN: 5540-018-017. This can be purchased as a portfolio or separately.

FOR SALE DETAILS

PRICE

$5,225,000 USD

PRICE/SF

$321 USD /SF

# OF UNITS

28

PRICE/UNIT

$186,607

CAP RATE

5.74%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1211-1212 N New Hampshire Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,502 SF

ZONING

LAR3

APN/PARCEL ID

5540-016-016,5540-016-017

ASK ABOUT THIS PROPERTY

Eial SauerMarcus & MillichapMore Info
818-212-2816

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Eial SauerMarcus & MillichapMore Info
818-212-2816

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