1245 N New Hampshire Ave - Apartments FOR SALE


Los Angeles, CA 90029- Little Armenia
$8,500,000 USD
949-351-1343
1245 N New Hampshire Ave, Los Angeles, CA for Sale
$8,500,000 USD
Apartments - FOR SALE
1/64
null | Request Cap Rate

1245 N New Hampshire Ave
Los Angeles, CA 90029
Little Armenia


HIGHLIGHTS

  • There are 9 units (each unit have 2 parking space)available, which can be purchased individually or together.

OVERVIEW

This property is ideal for short-term rentals, as you can apply for a daily rental license valid for 180 days per year, with no rent control in place. Monthly income potential can reach up to $10,000. This townhouse, newly constructed in 2022, features independent property rights (APN) and is situated in a secure gated community. Each unit comes with two garages for added convenience. For more information, please contact Lynn Paris:9493511343 ?? Location! Location! Location! ?? Los Angeles City College, the Los Angeles Film Academy, and Southwestern Law School, as well as Children's Hospital Los Angeles, are all within walking distance! Close to the Conservatory of Music and Barnstein High School STEM Academy (Science and Technology Vocational High School), just 25 minutes from USC! ?? Near famous attractions such as Hollywood Boulevard, Griffith Observatory, Getty Center, Melrose Hill, and the Art Museum! ?? You can apply for a short-term rental license, allowing for short-term rentals within 180 days, with no rent control! Rental income can reach up to $9,000-$10,000/month! ?? Special offer: This townhouse features 3 bedrooms, 2.5 bathrooms, and approximately 1,450 square feet of interior space, equipped with a washer, dryer, and refrigerator, along with upgraded wood floors. ?? Low HOA fee of $450/month, which includes insurance and garbage collection. Owners only need to cover property taxes and utilities! ?? Newly built in 2022! Independent ownership, with two garages (equipped with Tesla charging stations), and the gated community is clean and safe! ?? Located in Hollywood, just 5 minutes from Thai Town and 10 minutes from Koreatown and Chinatown! ??Suitable for self-use or as a rental investment! You can buy with others and jointly set up a property management company to increase income. ??There are 1-9 units available for purchase individually or together, with an average yield of up to 8%! Flexible choice! No rent control! Benefiting from the 2026 World Cup and the 2028 Olympics in Los Angeles, rents and property values ??continue to rise. Address:1245 N New Hampshire Ave 1: [tut#1](https://redf.in/rmdXU7) 2: [tttz2](https://redf.in/4AdSAX) 3: [##1&3](https://redf.in/NKKLTx) 4: [tdfz4](https://redf.in/2jOakz) 5: [t#1%5](https://redf.in/0o5b3d) 6: [ttl&6](https://redf.in/BKbTmi) 7: [td1&7](https://redf.in/TLHhqD) 8: [ttlz8](https://redf.in/YNKomf) 9: [##1&9](https://redf.in/ohnYAz) Unit 1:$1,035,000; (3B3.5BA,1479SF,APN:5540015024) Unit 2:$960,00; (2B/2.5BA,1324SF,APN:5540015025) Unit 3:$980,000; (3B/2.5BA,1366SF,APN:5540015026) Unit 4,$1,080,000; (3B/3.5BA,1382SF,APN:5540015027) Unit 5:980,000; (3B/3.5BA,1382SF,APN:5540015028) Unit 6:1,020,000; (3B/3.5B,1460SF, APN:5540015029) Unit 7:1,020,000; (3B/3.5BA,1460SF,APN:5540015030) Unit 8:1,080,000; (3B/3.5BA,1535SF,APN:5540015031) Unit 9:1,080,000; (3B/3.5BA,1535SF,APN:5540015032)

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$692 USD /SF

# OF UNITS

9

PRICE/UNIT

$944,444

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2022

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

R3-1XL

APN/PARCEL ID

5540-015-024,5540-015-025,5540-015-026,5540-015-028,5540-015-029,5540-015-030,5540-015-031,5540-015-032

ASK ABOUT THIS PROPERTY

Lynn ParisPinnacle Commercial Real EstateMore Info
949-351-1343

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Lynn ParisPinnacle Commercial Real EstateMore Info
949-351-1343

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