8
Bedrooms
$1,595,000
FOR SALELos Angeles, CA
MLS# 26874023
Wes Wellman
Listing Agent
Wellman Realty Co.
DRE #: 00467451
(310) 829-7423Brokerage: Wellman Realty Co.
8
Bedrooms
8
Bathrooms
7,691 sqft
Square Feet
1926
Year Built
6,752 sqft
Lot Size
$207
Price/Sq Ft
N/A
Garage Spaces
N/A
HOA
N/A
Property Type
Offered at $1,750,000, this realistically priced 8-unit multifamily opportunity is located in the highly walkable Little Armenia/East Hollywood submarket, just steps from the Vermont/Santa Monica Metro B Line station. Built in 1926, the property showcases classic Spanish Revival architecture, vintage character, a period-appropriate exterior color palette, and professionally designed drought-tolerant landscaping. The unit mix includes six 1-bedroom/1-bath units, one 1-bedroom unit with bonus room, and one 2-bedroom unit. Three units are intentionally vacant at close of escrow, offering an owner-user or investor meaningful flexibility for renovation, lease-up, or other permitted business-plan strategies. All units feature hardwood floors, plaster walls, and plaster ceilings. Four units have modernized kitchens. Renovated units have achieved rents up to $2,350 per month, indicating potential continued rental upside as additional units become available and are improved, subject to applicable rent-control laws and regulations. Recent capital improvements include a substantial electrical-system upgrade from 200 amps to 400 amps, including replacement of tenant-unit electrical panels and the house-service panel. The property is separately metered for gas and electricity. Excellent transit and neighborhood access: Walk Score 93, Transit Score 71, and Bike Score 72. Conveniently positioned near restaurants, shopping, neighborhood services, and major Hollywood/East Hollywood employment and entertainment destinations.
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1125 N New Hampshire Avenue
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