1212 N New Hampshire Ave - Apartments FOR SALE


Los Angeles, CA 90029- Little Armenia
$2,200,000 USD
818-212-2816
1212 N New Hampshire Ave, Los Angeles, CA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/8
null | 5.63% Cap Rate

1212 N New Hampshire Ave
Los Angeles, CA 90029
Little Armenia


HIGHLIGHTS

  • Great East Hollywood Location - Silver Lake Adjacent
  • Solid Unit Mix - Eleven (11) One-Bedroom Units and One (1) Studio Unit
  • Soft-Story Retrofit Completed in 2019
  • Solid Rental Upside Potential (+25%)
  • On-Site Parking Available - Excellent Opportunity to Convert into Multiple ADUs

OVERVIEW

Marcus & Millichap is pleased to present a multifamily building consisting of twelve (12) units located at 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 multifamily building consists of 12 units and offers a solid mix of eleven one-bedroom and one two-bedroom unit. The property features on-site parking with potential for multiple ADU conversions and a completed 2019 soft-story retrofit. 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. 1212 N New Hampshire Ave presents a compelling value-add opportunity through 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/1212-n-new-hampshire-ave *****PLEASE NOTE: This property is being sold with 1211 N New Hampshire Ave, APN: 5540-018-016. These can be purchased as a portfolio or separately.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$256 USD /SF

# OF UNITS

12

PRICE/UNIT

$183,333

CAP RATE

5.63%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

8,002 SF

ZONING

LAR3

APN/PARCEL ID

5540-018-017

ASK ABOUT THIS PROPERTY

Eial SauerMarcus & MillichapMore Info
818-212-2816

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

Eial SauerMarcus & MillichapMore Info
818-212-2816

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