1511 S New Hampshire Ave - Apartments FOR SALE


Los Angeles, CA 90006- Harvard Heights
$1,077,000 USD
818-723-9071
1511 S New Hampshire Ave, Los Angeles, CA for Sale
$1,077,000 USD
Apartments - FOR SALE
1/7
null | 7.16% Cap Rate

1511 S New Hampshire Ave
Los Angeles, CA 90006
Harvard Heights


HIGHLIGHTS

  • PERMITS PAID | SHOVEL READY | RTI SB8 CLEARED |
  • Fully approved project with ~$70,000 in paid permits—no entitlement risk and ready to build immediately.
  • Approved 4-unit project designed for high-income potential and efficient layout.
  • Central location near Koreatown, Downtown LA, USC, and major freeways (I-10 & I-110).
  • Permits Approved to Build 4 Spacious Townhomes Across 2 Buildings
  • Unit Mix: Two 5 Bed (plus office)/ 5 Bath and Two 4 Bed / 4.5 Bath

OVERVIEW

**PRICED TO SELL** 4-UNIT RTI DEVELOPMENT OPPORTUNITY WITH PAID PERMITS | SB8 CLEARED | SHOVEL READY | DELIVERED VACANT. Exceptional investment opportunity in the Pico-Union/Koreatown corridor featuring an existing vacant triplex on a 6,290 SF corner lot. The property includes fully approved RTI plans and approximately **$70,000 in paid permits**, allowing a developer to begin construction without the lengthy entitlement process. The approved project offers approximately 8,202 SF of gross building area with an attractive unit mix consisting of **Four Townhome Units w/ Attached 2-Car Garage** - Two 5-bed (plus office) / 5-bath units and Two 4-bed / 5-bath units. Each unit features en-suite bathrooms throughout and a private two-car garage, making the project well suited for co-living, student housing, or high-demand rental use. Additional ADU potential may exist, subject to buyer verification and applicable city requirements. Centrally located near Koreatown, Downtown Los Angeles, USC, and the I-10 and I-110 freeways. An excellent build-to-sell or long-term investment opportunity. Renderings are conceptual and may not reflect the final approved plans. Buyer to independently verify all plans, permits, square footage, development potential, and ADU feasibility.

FOR SALE DETAILS

PRICE

$1,077,000 USD

PRICE/SF

$312 USD /SF

# OF UNITS

4

PRICE/UNIT

$269,250

CAP RATE

7.16%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4-UNIT | RTI SB8 CLEARED | PERMITS PAID

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2026

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

LARD1.5

APN/PARCEL ID

5075-004-019

ASK ABOUT THIS PROPERTY

Rana KhanjaniSync Brokerage, IncMore Info
818-723-9071

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Rana KhanjaniSync Brokerage, IncMore Info
818-723-9071

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