Residential Income - 747 S New Hampshire Avenue, Los Angeles, CA

$3,200,000

747 S New Hampshire Avenue, Los Angeles, CA

747 S New Hampshire Avenue, Los Angeles, CA 90005 - $3,200,000 · 24 ba Multi-Family Home for Sale, photo 3

747 S New Hampshire Avenue, Los Angeles, CA 90005 - $3,200,000 · 24 ba Multi-Family Home for Sale, photo 4

747 S New Hampshire Avenue, Los Angeles, CA 90005 - $3,200,000 · 24 ba Multi-Family Home for Sale, photo 5

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Description

747 S New Hampshire Ave is a twenty-four (24) unit apartment property consisting entirely of spacious Studio units averaging approximately 550 square feet. The property is located in the heart of Koreatown, less than 0.5 miles and a 10-minute walk from the Wilshire/Vermont Metro Station. During the current owner's 10+ year tenure, the property has been well maintained and improved. Renovated units feature copper plumbing, upgraded electrical, stainless steel appliances, new flooring, and updated kitchens. The property was re-stuccoed in 2013, all windows were replaced in 2018, and over $30,000 was spent on roof upgrades and maintenance in 2026.The investment offers an astounding 7.12% going-in cap rate and a low $133k/unit entry price point with 46.35% upside potential in the twelve (12) non-renovated units. With the proper financing, an investor can achieve a 9.20% cash-on-cash return with potential upside to an 8.71% cap rate and 13.73% cash-on-cash return. JNM Realty manages 3,500 units across Los Angeles and Orange County and is available to manage the property for an investor.

Property details

Bathrooms

Square feet

14,188

Year built

1921

Property type

Residential Income

Lot size

11,365 sqft

Location

747 S New Hampshire Avenue • Los Angeles, CA 90005

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Listed by

Demis Dokhanian · JNM Realty, INC.

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Closed sales reported in 90005, nearest first, last 12 months. All recent sales in Los Angeles →