12
$484.20
$270,750
4.24%
15.94
5.41%
13.29
2,695,000The LAAA Team of Marcus & Millichap is proud to present these 12 units located at 1145 S New Hampshire Avenue in Los Angeles, California. Built in 1929 and remodeled in 2018, the property sits on 5,399 square feet of land with 6,710 square feet of rentable area and consists of 8- studio / one bath units and 4- one bed /one bath units.
With an excellent walk score of 94, the New Hampshire Villas is an extremely well renovated and maintained 12 unit apartment complex located in the hip and lively Koreatown district. The property features secure entry, high-end finishes, stainless steel appliances, new roof and much more. The units are individually metered for both gas and electricity and each have their own water heaters. Tenants enjoy easy access to public transportation, hip eateries, bars and casual 24/7 dining that makes for a buzzing late night scene.
This opportunity is ideal for the investor looking for an easy to manage property in the dense Koreatown rental market, with an estimated 20% upside in rents which can be achieved over time.
