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756 S New Hampshire Ave, Los Angeles, CA 90005
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756 S New Hampshire Ave Los Angeles, CA 90005

$3,400,000
  • 13 Beds
  • 14 Baths
  • 7,502 Sq.Ft.
For Sale
$3,400,000 Get Pre-Qualified
Map preview of 756 S New Hampshire Ave, Los Angeles, CA 90005

Property Overview: 756 S New Hampshire Ave Los Angeles, CA has 13 bedrooms, 14 bathrooms, 7,502 living square feet and 7,250 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: Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 14-unit apartment community located at 756 South New Hampshire Avenue. The subject property is located north of 8th Street and west of Vermont Avenue, in the Koreatown submarket of Los Angeles. The building is conveniently located near a slew of vibrant restaurants, cafes, bars, grocery stores, gyms, and entertainment venues. Situated on a 7,250 square foot parcel, the property is comprised of one single and 13 one bedroom units. Due to its 1987 construction, 756 South New Hampshire is not subject to Los Angeles City Rent Control and is subject to AB 1482 State Rent Control allowing for higher annual rental increases. The property has 14 parking spaces with security gated access and an on-site laundry facility.756 South New Hampshire presents investors a unique opportunity to attain a 1980's constructed property in a desirable Koreatown location.*DO NOT DISTURB TENANTS

Listed by Sean Rosenzweig | BRE #01406343 | Marcus & Millichap
Last checked: 11 minutes ago | Last updated: June 14th, 2024 | Source CRMLS | DOM: 23
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Home details

Lot Sq. Ft
7,250
HOA Dues
$0/mo
Year built
1987
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24401101
City
Los Angeles
County
Los Angeles
Time on Site
22 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 14
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,695
Unit Breakdown 2
  • # of Units: 13
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,972
  • Total Rent: $25,640
  • Pro Forma/Market Rent: $29,835
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.69%
  • Gross Rent Multiplier: 10.4
  • Gross Scheduled Income: --
  • Net Operating Income: $193,323
  • Gross Operating Income: $317,798
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 756 S New Hampshire Ave

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Multi/Split, Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 14
  • Has Parking
  • Parking Features: Covered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 14
  • Parcel Number: 5094011010
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of West 8th Street & West of Vermont Avenue
View more facts & features

Local Los Angeles Agent

Sale History for 756 S New Hampshire Ave

Last sold for $1,600,000 on January 18th, 2011

  • June, 2024

  • Jun 6, 2024

    Date

    Active

    CRMLS: 24401101

    $3,400,000

    Price

  • January, 2011

  • Jan 18, 2011

    Date

    Sold (Public Records)

    Public Records

    $1,600,000

    Price

  • June, 2007

  • Jun 29, 2007

    Date

    Sold (Public Records)

    Public Records

    $1,600,000

    Price

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Tax History for 756 S New Hampshire Ave

Assessed Value (2020): $1,874,354
Year Land Value Improved Value Assessed Value
2020 $1,312,049 $562,305 $1,874,354

Home Value Compared to the Market

This property vs the competition

756 S New Hampshire Ave is listed 175.08% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $775 and this home is listed at $453.21 per/sqft which puts the price per square foot 41.52% lower than the median price per square foot for the city of Los Angeles.

About 756 S New Hampshire Ave

Detailed summary of property

756 S New Hampshire Ave is a multi family located in Los Angeles, CA 90005 and is currently for sale. This multi family property offers 13 bedrooms, 14 bathrooms, roughly 7,502 living square feet, and sits on an approximately 7,250 square foot lot. 756 S New Hampshire Ave was first listed on ArdentRealEstateGroup.com on June 6, 2024. The homeowner is currently asking $3,400,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $775. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 175.08% higher than the median priced home. Local competing homes currently for sale include 1229 S Kingsley Dr, 1435 Alvarado and 2330 W 3rd St. While the average home in Los Angeles, CA is selling in 99 days, 756 S New Hampshire Ave has a days on market of 23 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 756 S New Hampshire Ave Los Angeles, CA 90005 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 756 S New Hampshire Ave

Public county record property details
Beds
14
Baths
14
Year built
1987
Sq. Ft.
7,502
Lot Size
7,249
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
16
APN
5094-011-010

The source for these homes facts are from public records.

90005 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$835,000
Median List Price/Sq.Ft.
$641
Median Sold Price
$699,000
Median Sold Price/Sq.Ft.
$692
Total Inventory
38
Median Sale to List Price %
82.33%
Avg Days on Market
28
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (20%), Other (40%)

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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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