1145 S New Hampshire Ave, Los Angeles, CA 90006
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1145 S New Hampshire Ave Los Angeles, CA 90006

$2,850,000
  • 4 Beds
  • 12 Baths
  • 6,710 Sq.Ft.
For Sale
$2,850,000 Get Pre-Qualified

Map preview of 1145 S New Hampshire Ave, Los Angeles, CA 90006

Property Overview: 1145 S New Hampshire Ave Los Angeles, CA has 4 bedrooms, 12 bathrooms, 6,710 living square feet and 5,469 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are proud to present New Hampshire Villas, 12 units located at1145 S New Hampshire Avenue in Los Angeles. Built in 1929 the structure is 6,710 rentable square feet and was remodeled in 2018. The units mix consists of 8 studio / one bath and4 one bed / one bath apartments. Each unit is individually metered for both gas and electric with individual water heaters (meaning tenants pay to heat their own water) lowering the owners operating costs. Located in the highly sought after Koreatown neighborhood, the New Hampshire Villas is an extraordinarily well renovated apartment complex featuring secure entry, high end finishes including stainless steel appliances and a recently replaced roof. Tenants benefit from the properties high walk score (94), access to public transportation as well as the trendy bars and restaurants in the surrounding area. This is a perfect opportunity for an investor to acquire a well-maintained property with rental upside in the highly desirable Koreatown Submarket.

Listed by Joshua Luchs | BRE #01845545 | Kidder Mathews of California, Inc.
Last checked: 12 minutes ago | Last updated: April 24th, 2024 | Source CRMLS | DOM: 59
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Home details

Lot Sq. Ft
5,469
HOA Dues
$0/mo
Year built
1929
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24369847
City
Los Angeles
County
Los Angeles
Time on Site
48 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,289
  • Total Rent: $10,524
  • Pro Forma/Market Rent: $12,000
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,611
  • Total Rent: $6,833
  • Pro Forma/Market Rent: $8,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.9%
  • Gross Rent Multiplier: 13.46
  • Gross Scheduled Income: --
  • Net Operating Income: $139,699
  • Gross Operating Income: $205,431
  • Laundry Income: $3,400
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1145 S New Hampshire Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave, Refrigerator
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 12
  • Parcel Number: 5078026012
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Between Olympic and Pico just East of Normandie
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Sale History for 1145 S New Hampshire Ave

Last sold for $2,400,000 on April 17th, 2018
  • March, 2024

  • Mar 6, 2024

    Date

    Active

    CRMLS: 24369847

    $2,850,000

    Price

  • August, 2021

  • Aug 1, 2021

    Date

    Expired

    CRMLS: 20661148

    $2,995,000

    Price

  • Apr 7, 2021

    Date

    Withdrawn

    CRMLS: 20661148

    $2,995,000

    Price

  • Jan 11, 2021

    Date

    Price Change

    CRMLS: 20661148

    $2,995,000

    Price

  • Nov 18, 2020

    Date

    Active

    CRMLS: 20661148

    $3,050,000

    Price

  • Listing provided courtesy of CRMLS

    We are proud to present this significant price reduction for this 12 unit property, ideally 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 15% upside in rents which can be achieved over time.

  • April, 2021

  • Apr 1, 2021

    Date

    Expired

    CRMLS: 20607176

    $3,249,000

    Price

  • Sep 30, 2020

    Date

    Withdrawn

    CRMLS: 20607176

    $3,249,000

    Price

  • Jul 21, 2020

    Date

    Active

    CRMLS: 20607176

    $3,249,000

    Price

  • Listing provided courtesy of CRMLS

    We are 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.

  • April, 2018

  • Apr 18, 2018

    Date

    Sold

    CRMLS: 18306116

    $2,400,000

    Price

  • Jan 23, 2018

    Date

    Active

    CRMLS: 18306116

    $2,495,000

    Price

  • Listing provided courtesy of CRMLS

    New Hampshire Villas is an immaculately maintained 12 unit apartment complex, located in the bustling Koreatown district, featuring a +/- 5.8% CAP RATE. This secure-entry building features eight Studio apartments, and four one-bedroom apartments, filled with top of the line finishes including stainless steel appliances, air conditioning units, and much more, designed for the most discerning of tenants. This character asset has been stabilized with a new roof and with 10 of the 12 units achieving near market rents. In addition, there is approx. $20,000 of annual rental upside, providing the astute investor the opportunity to capture significant rental upside & accelerated appreciation, all featured in a stabilized, turn-key asset, situated in a booming submarket. Units are individually metered for both gas and electricity and each have their own water heaters. Tenants enjoy easy access to public transportation and hip eateries.

  • April, 2018

  • Apr 17, 2018

    Date

    Sold (Public Records)

    Public Records

    $2,400,000

    Price

  • January, 2018

  • Jan 23, 2018

    Date

    Canceled

    CRMLS: 17274470

    $2,549,000

    Price

  • Oct 24, 2017

    Date

    Withdrawn

    CRMLS: 17274470

    $2,549,000

    Price

  • Sep 28, 2017

    Date

    Active

    CRMLS: 17274470

    $2,549,000

    Price

  • Listing provided courtesy of CRMLS

    New Hampshire Villas is an immaculately maintained 12 unit apartment complex, located in the bustling Koreatown district. This secure-entry building features eight Studio apartments, and four one-bedroom apartments, filled with top of the line finishes including stainless steel appliances, air conditioning units, and much more, designed for the most discerning of tenants. This character asset has been stabilized with a new roof and with 10 of the 12 units achieving market rents. In addition, there is a approx. $20,000 of annual rental upside, providing the astute investor the opportunity to capture significant rental upside & accelerated appreciation, all featured in a stabilized, turn-key asset, situated in a booming submarket. Units are individually metered for both gas and electricity and each have their own water heaters. Tenants enjoy easy access to public transportation as well as hip eateries such as Le Comptoir, Taylor's Steakhouse & The Walker Inn. Expenses are estimates.

  • January, 2018

  • Jan 23, 2018

    Date

    Canceled

    CRMLS: 17283278

    $2,549,000

    Price

  • Dec 5, 2017

    Date

    Withdrawn

    CRMLS: 17283278

    $2,549,000

    Price

  • Oct 25, 2017

    Date

    Active

    CRMLS: 17283278

    $2,549,000

    Price

  • Listing provided courtesy of CRMLS

    New Hampshire Villas is an immaculately maintained 12 unit apartment complex, located in the bustling Koreatown district. This secure-entry building features eight Studio apartments, and four one-bedroom apartments, filled with top of the line finishes including stainless steel appliances, air conditioning units, and much more, designed for the most discerning of tenants. This character asset has been stabilized with a new roof and with 10 of the 12 units achieving market rents. In addition, there is a approx. $20,000 of annual rental upside, providing the astute investor the opportunity to capture significant rental upside & accelerated appreciation, all featured in a stabilized, turn-key asset, situated in a booming submarket. Units are individually metered for both gas and electricity and each have their own water heaters. Tenants enjoy easy access to public transportation as well as hip eateries such as Le Comptoir, Taylor's Steakhouse & The Walker Inn. Expenses are estimates.

  • January, 2018

  • Jan 23, 2018

    Date

    Canceled

    CRMLS: 17264366

    $2,549,000

    Price

  • Sep 28, 2017

    Date

    Withdrawn

    CRMLS: 17264366

    $2,549,000

    Price

  • Sep 26, 2017

    Date

    Price Change

    CRMLS: 17264366

    $2,549,000

    Price

  • Aug 29, 2017

    Date

    Active

    CRMLS: 17264366

    $2,595,000

    Price

  • Listing provided courtesy of CRMLS

    New Hampshire Villas is an immaculately maintained 12 unit apartment complex, located in the bustling Koreatown district. This secure-entry building features eight Studio apartments, and four one-bedroom apartments, filled with top of the line finishes including stainless steel appliances, air conditioning units, and much more, designed for the most discerning of tenants. This character asset has been stabilized with a new roof and with 10 of the 12 units achieving market rents. In addition, there is a approx. $20,000 of annual rental upside, providing the astute investor the opportunity to capture significant rental upside & accelerated appreciation, all featured in a stabilized, turn-key asset, situated in a booming submarket. Units are individually metered for both gas and electricity and each have their own water heaters. Tenants enjoy easy access to public transportation as well as hip eateries such as Le Comptoir, Taylor's Steakhouse & The Walker Inn. Expenses are estimates.

  • September, 2016

  • Sep 23, 2016

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1145 S New Hampshire Ave

Assessed Value (2020): $2,498,380
Year Land Value Improved Value Assessed Value
2020 $1,872,720 $625,660 $2,498,380

Home Value Compared to the Market

This property vs the competition

1145 S New Hampshire Ave is listed 130.77% higher than the median list price for the city of Los Angeles which has a median list price of $1,235,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $424.74 per/sqft which puts the price per square foot 45.12% lower than the median price per square foot for the city of Los Angeles.

About 1145 S New Hampshire Ave

Detailed summary of property

1145 S New Hampshire Ave is a multi family located in Los Angeles, CA 90006 and is currently for sale. This multi family property offers 4 bedrooms, 12 bathrooms, roughly 6,710 living square feet, and sits on an approximately 5,469 square foot lot. 1145 S New Hampshire Ave was first listed on ArdentRealEstateGroup.com on March 18, 2024. The homeowner is currently asking $2,850,000. The median priced home in Los Angeles is $1,235,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 130.77% higher than the median priced home. Local competing homes currently for sale include 1037 S Bonnie Brae St, 2327 S Budlong Ave and 1470 W Adams Blvd. While the average home in Los Angeles, CA is selling in 94 days, 1145 S New Hampshire Ave has a days on market of 59 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 1145 S New Hampshire Ave Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1145 S New Hampshire Ave

Public county record property details
Beds
4
Baths
12
Year built
1929
Sq. Ft.
6,710
Lot Size
5,399
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
5078-026-012

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,000
Median List Price/Sq.Ft.
$611
Median Sold Price
$690,000
Median Sold Price/Sq.Ft.
$600
Total Inventory
36
Median Sale to List Price %
98.71%
Avg Days on Market
36
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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Related Resources to 1145 S New Hampshire Ave

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.