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121 N New Hampshire Ave, Los Angeles, CA 90004
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121 N New Hampshire Ave Los Angeles, CA 90004

$2,295,000
  • 8 Beds
  • 8 Baths
  • 6,711 Sq.Ft.
For Sale
$2,295,000 Get Pre-Qualified
Map preview of 121 N New Hampshire Ave, Los Angeles, CA 90004

Property Overview: 121 N New Hampshire Ave Los Angeles, CA has 8 bedrooms, 8 bathrooms, 6,711 living square feet and 7,501 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: Prime 8-Unit Multifamily Property in Koreatown. Located in the heart of vibrant Koreatown, this property offers excellent proximity to key attractions and essential amenities. Comprising 8 spacious units, with 3 recently remodeled and currently vacant, offering potential for immediate rental income or owner occupancy. Enjoy easy access to public transportation, making commuting a breeze for tenants. The property is also near major freeways, enhancing connectivity. Minutes away from Silver Lake and Dodger Stadium, tenants can enjoy the best of Los Angeles' cultural and recreational activities. With 3 vacant and remodeled units, you can start generating rental income right away or choose to reside in one of the modernized apartments. The remaining units present an opportunity for further renovation, increasing the property's overall value and rental income potential. Koreatown is known for its bustling atmosphere and strong rental market, ensuring consistent demand for units. KEY FEATURES: LAR4 gives you the ability to build up to 18 units. 3 vacant units. Per city, you can convert each unit as follow: 1 bedroom and 1 studio or convert it to 2 bedroom apartment.

Listed by Shiva Mehrdad | BRE #01279649 | Power Brokers
Last checked: 5 minutes ago | Last updated: August 7th, 2024 | Source CRMLS | DOM: 47
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Home details

Lot Sq. Ft
7,501
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24421611
City
Los Angeles
County
Los Angeles
Time on Site
50 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,772
  • Total Rent: $1,772
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $923
  • Total Rent: $923
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,250
  • Total Rent: $2,250
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $993
  • Total Rent: $993
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $2,250
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.06%
  • Gross Rent Multiplier: 13.29
  • Gross Scheduled Income: --
  • Net Operating Income: $121,159
  • Gross Operating Income: $15,019
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 121 N New Hampshire Ave

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Property Details for 121 N New Hampshire Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Assigned, Uncovered
Property Information
  • Total # of Units: 8
  • Parcel Number: 5518027014
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: BETWEEN 1st ST AND N NEW HAMPSHIRE AVE
View more facts & features

Local Los Angeles Agent

Sale History for 121 N New Hampshire Ave

Last sold for $1,910,000 on February 15th, 2017

  • August, 2024

  • Aug 26, 2024

    Date

    Active

    CRMLS: 24431121

    $2,250

    Price

  • Listing provided courtesy of CRMLS

    Big Living and Dining Room Area Big Kitchen Area Big and Well-Ventilated Bedroom All recessed lightingWalk-In Closet. Brand New Kitchen Cabinets and Quartz Countertops Brand new Refrigerator, Gas Range Newly Renovated Bathroom Brand New Hardwood Floors New Paint Laundry On Site Fronting Frank Del Olmo School Walking Distance to Vermont-Beverly Metro Train Station (Red Line) One Block Away to Supermarket, Cake House and Fast-Food Restaurants. Pets Welcome (Pet Policy Applies). Available Now for viewing Address:

  • July, 2024

  • Jul 30, 2024

    Date

    Canceled

    CRMLS: 24415626

    $2,395,000

    Price

  • Jul 22, 2024

    Date

    Active

    CRMLS: 24415626

    $2,395,000

    Price

  • Listing provided courtesy of CRMLS

  • July, 2024

  • Jul 30, 2024

    Date

    Active

    CRMLS: 24421611

    $2,295,000

    Price

  • December, 2018

  • Dec 12, 2018

    Date

    Canceled

    CRMLS: 18354218

    $2,200,000

    Price

  • Oct 19, 2018

    Date

    Price Change

    CRMLS: 18354218

    $2,200,000

    Price

  • Aug 15, 2018

    Date

    Price Change

    CRMLS: 18354218

    $2,295,000

    Price

  • Jun 14, 2018

    Date

    Active

    CRMLS: 18354218

    $2,649,000

    Price

  • Listing provided courtesy of CRMLS

    BRING ALL OFFERS! We are pleased to present a Spanish Style 8 unit multifamily investment opportunity located in the Mid-Wilshire submarket of Los Angeles. The building consists of 6,711 SF of living area and is situated on a 7,499 SF lot zoned R-4. This zoning would provide a new owner with future development exit strategies such as the ability to build 18 units by right on the subject parcel (Buyer to Verify).This property features: 8 very spacious 1BR+1BA units. All units have hardwood floors and are individually metered for gas and electricity. The majority of the units have been beautifully renovated which is reflected by the Rent/SF that the owner has been able to achieve. The property has undergone major capital improvements including:100% Copper/Pex Plumbing, New Exterior Paint, New Landscaping, Rehabbed Units, etc. These upgrades help keep operating expenses low. Lastly, the property has parking for 6 spaces in the rear of the building along with on-site laundry.

  • February, 2017

  • Feb 15, 2017

    Date

    Sold (Public Records)

    Public Records

    $1,910,000

    Price

  • November, 2006

  • Nov 28, 2006

    Date

    Sold (Public Records)

    Public Records

    $800,000

    Price

Show More

Tax History for 121 N New Hampshire Ave

Assessed Value (2020): $2,028,406
Year Land Value Improved Value Assessed Value
2020 $1,416,712 $611,694 $2,028,406

Home Value Compared to the Market

This property vs the competition

121 N New Hampshire Ave is listed 91.25% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $341.98 per/sqft which puts the price per square foot 55.47% lower than the median price per square foot for the city of Los Angeles.

About 121 N New Hampshire Ave

Detailed summary of property

121 N New Hampshire Ave is a multi family located in Los Angeles, CA 90004 and is currently for sale. This multi family property offers 8 bedrooms, 8 bathrooms, roughly 6,711 living square feet, and sits on an approximately 7,501 square foot lot. 121 N New Hampshire Ave was first listed on ArdentRealEstateGroup.com on July 31, 2024. The homeowner is currently asking $2,295,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 91.25% higher than the median priced home. Local competing homes currently for sale include 2885 Francis Ave, 842 Hyperion Ave and 4727 Oakwood Ave. While the average home in Los Angeles, CA is selling in 106 days, 121 N New Hampshire Ave has a days on market of 47 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 121 N New Hampshire Ave Los Angeles, CA 90004 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 121 N New Hampshire Ave

Public county record property details
Beds
--
Baths
8
Year built
1923
Sq. Ft.
6,711
Lot Size
7,499
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
101
APN
5518-027-014

The source for these homes facts are from public records.

90004 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,500,000
Median List Price/Sq.Ft.
$808
Median Sold Price
$790,000
Median Sold Price/Sq.Ft.
$601
Total Inventory
79
Median Sale to List Price %
95.18%
Avg Days on Market
39
Loan Type
Conventional (11.11%), FHA (0%), VA (0%), Cash (0%), Other (22.22%)

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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.

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