311 S New Hampshire Ave - Apartments FOR SALE


Los Angeles, CA 90020- Koreatown
$4,150,000 USD
310-968-5303
311 S New Hampshire Ave, Los Angeles, CA for Sale
$4,150,000 USD
Apartments - FOR SALE
1/47
null | 6.08% Cap Rate

311 S New Hampshire Ave
Los Angeles, CA 90020
Koreatown


OVERVIEW

Jonathan Taksa of the Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to present 311 S New Hampshire Avenue, a rare opportunity to acquire a well maintained 16-unit apartment building located in the heart of Los Angeles’ dynamic Koreatown submarket. Built in 1989, the property benefits from exemption to the City of Los Angeles Rent Stabilization Ordinance, providing investors with operational flexibility and the ability to capture substantial rental upside. The property is subject only to AB 1482, allowing for continued rent growth aligned with market performance. Situated on a desirable residential street just moments from Koreatown’s premier dining, retail, and employment centers, 311 S New Hampshire Avenue offers an exceptional unit mix consisting of eight one-bedroom, one-bath units and eight two-bedroom, two-bath units. This balanced configuration appeals to a broad tenant base, including young professionals, couples, and families seeking quality housing in one of Los Angeles’ most vibrant urban neighborhoods. The property has been professionally managed and features desirable amenities including secured subterranean parking and an on-site laundry facility, enhancing tenant convenience while providing additional income potential. With strong in-place income and meaningful rental upside potential, investors are presented with the opportunity to increase cash flow and long-term asset value through strategic management and interior upgrades. 311 S New Hampshire Avenue represents a rare opportunity to acquire a newer-vintage multifamily asset in Koreatown, one of Los Angeles’ strongest and most supply-constrained rental markets. The combination of its favorable vintage, ideal unit mix, prime location, and upside potential positions the property as an exceptional long-term investment.

FOR SALE DETAILS

PRICE

$4,150,000 USD

PRICE/SF

$352 USD /SF

# OF UNITS

16

PRICE/UNIT

$259,375

CAP RATE

6.08%

% 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

1989

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,015 SF

ZONING

C2

APN/PARCEL ID

5502-007-014

ASK ABOUT THIS PROPERTY

Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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