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

$3,650,000 Sold Price as of 07/07/2022
  • 2 Beds
  • 20 Baths
  • 9,102 Sq.Ft.
Sold
$3,650,000 Sold Price as of 07/07/2022 Refinance Your Mortgage
Map preview of 144 N New Hampshire Ave, Los Angeles, CA 90004

Property Overview: 144 N New Hampshire Ave Los Angeles, CA has 2 bedrooms, 20 bathrooms, 9,102 living square feet and 7,255 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 144 North New Hampshire Avenue is a 20-unit value-add opportunity located in Koreatown (Los Angeles 90004). This 20-unit center-hall complex is located in a palm tree-lined neighborhood between 1st street and Beverly Blvd and just one block to the Metro Station at Beverly and Vermont. Built in 1924, this 3-story wood frame constructed apartment community encompasses 9,102 SF of improvements and features a favorable unit composition of Eighteen (18) Single | One Bath and Two (2) One Bedroom | One Bath apartment units. The asset has the potential to heighten resident retention through common area enhancements within the entry, hallways, and stairwells and is an ideal candidate for a RUBS (Ratio Utility Billing System) platform allowing utility expenses to be passed on to residents and therefore reducing fixed costs. 144 North New Hampshire Avenue offers future ownership the potential for the addition of two ADUs (Accessory Dwelling Units) in the basement area. The space is currently being used for storage.

Listed by Nick Astrupgaard | BRE #01893466 | KW Commercial Studio City
Co-listed by Rich Johns | BRE #01432215 | KW Commercial Studio City
Last checked: 14 minutes ago | Last updated: July 26th, 2022 | Source CRMLS | DOM: 37

Home details

Lot Sq. Ft
7,255
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22143341
City
Los Angeles
County
Los Angeles
Time on Site
823 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 20
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,565
  • Total Rent: $3,130
  • Pro Forma/Market Rent: $3,900
Unit Breakdown 2
  • # of Units: 18
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $978
  • Total Rent: $19,115
  • Pro Forma/Market Rent: $24,710
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.7
  • Gross Scheduled Income: --
  • Net Operating Income: $149,895
  • Gross Operating Income: $265,590
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 144 N New Hampshire Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 20
  • Parcel Number: 5518032002
Location / Neighborhood
Location Information
  • Directions: 144 North New Hampshire Avenue is located in the Mid-Wilshire / Koreatown sub-market (Los Angeles 90004).
View more facts & features

Local Los Angeles Agent

Sale History for 144 N New Hampshire Ave

Last sold for $3,650,000 on July 7th, 2022

  • July, 2022

  • Jul 7, 2022

    Date

    Sold

    CRMLS: 22143341

    $3,650,000

    Price

  • Apr 4, 2022

    Date

    Active

    CRMLS: 22143341

    $3,730,000

    Price

  • April, 2008

  • Apr 22, 2008

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • June, 2003

  • Jun 3, 2003

    Date

    Sold (Public Records)

    Public Records

    $874,000

    Price

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Tax History for 144 N New Hampshire Ave

Assessed Value (2020): $1,160,927
Year Land Value Improved Value Assessed Value
2020 $794,586 $366,341 $1,160,927

Home Value Compared to the Market

This property vs the competition

144 N New Hampshire Ave sold on July 7, 2022 for 192.78% higher than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $409.8 per/sqft which puts the price per square foot 48.19% lower than the current median sale per square foot for the city of Los Angeles.

About 144 N New Hampshire Ave

Detailed summary of property

144 N New Hampshire Ave is a multi family that recently sold in Los Angeles, CA 90004. This multi family property offered 2 bedrooms, 20 bathrooms, roughly 9,102 living square feet, and sits on an approximately 7,255 square foot lot. 144 N New Hampshire Ave was first listed on ArdentRealEstateGroup.com on April 5, 2022. The homeowner sold the property for $3,650,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 192.78% higher than the current median priced home. Local homes that are currently for sale include 136 N Rampart Blvd, 4942 Maplewood Ave and 830 S Hoover St. While the average home in Los Angeles, CA is selling in 100 days, 144 N New Hampshire Ave has a days on market of 37 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 144 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 144 N New Hampshire Ave

Public county record property details
Beds
2
Baths
--
Year built
1924
Sq. Ft.
9,102
Lot Size
7,254
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
--
APN
5518-032-002

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
$1,195,000
Median List Price/Sq.Ft.
$764
Median Sold Price
$2,215,000
Median Sold Price/Sq.Ft.
$919
Total Inventory
68
Median Sale to List Price %
110.81%
Avg Days on Market
24
Loan Type
Conventional (7.69%), FHA (0%), VA (0%), Cash (15.38%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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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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