$1.69M
1186 North New Hampshire Avenue, Los Angeles
Sale Price
$1.69M
Cap Rate
5.52%
Type
O
Closed
February 2020
6 Units | Los Angeles | Sold 50% Vacant
The LA Apartment Advisors are proud to announce the successful sale of 6 units located at 1186 N New Hampshire Avenue in Los Angeles, California. Built in 1940, the property sits on 7,199 square feet of land with 5,584 square feet of rentable area and consists of 5- one bed / one bath and 1- two bed / one bath units. The property had significant upside as it was 50% vacant at the time of sale.
With multiple offers on the table, we were able to successfully bring an all cash offer from a 1031 exchange buyer who closed in 30 days.
For more information about this transaction or a complimentary evaluation of your property, give us a call today!
Closing