Search
851 S New Hampshire Ave, Los Angeles, CA 90005
Image 2 for 851 S New Hampshire Ave, Los Angeles, CA 90005
Image 3 for 851 S New Hampshire Ave, Los Angeles, CA 90005
View Photos

851 S New Hampshire Ave Los Angeles, CA 90005

$1,475,000
  • 8 Beds
  • 8 Baths
  • 4,684 Sq.Ft.
For Sale
$1,475,000 Get Pre-Qualified
Map preview of 851 S New Hampshire Ave, Los Angeles, CA 90005

Property Overview: 851 S New Hampshire Ave Los Angeles, CA has 8 bedrooms, 8 bathrooms, 4,684 living square feet and 7,506 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: Welcome to a prime investment opportunity nestled in the heart of Koreatown. This 4-unit apartment complex offers a chance for investors or owner-occupants seeking a high-demand rental property in one of LA's most dynamic neighborhoods. Gated parking with two spaces per unit. In-unit laundry hook-ups and separate water heaters. Private balconies.Property Overview:Location: Situated in the coveted Koreatown district, this property enjoys proximity to an array of amenities including shopping centers, restaurants, entertainment venues, and public transportation hubs.Unit Mix: The complex comprises four spacious units thoughtfully designed to cater to the needs of urban dwellers. Each unit offers a blend of comfort, functionality, and modern conveniences. Each unit is Two Bedroom, two bathrooms on one level of approximately 1,170 square feet.Income Potential: With strong rental demand in Koreatown, this property presents an attractive income-generating opportunity for investors. The consistently high demand for housing in this area should provide stable rental income and potential for long-term appreciation.Spacious Layouts: Each unit boasts generous living spaces, providing residents with ample room for relaxation and entertainment.Investment Highlights:Strong Market Fundamentals: Koreatown continues to attract renters due to its central location, diverse cultural offerings, and vibrant atmosphere.Stable Cash Flow: With a proven track record of rental success, this property should offer a stable source of cash flow for investors.Value-Add Potential: While already well-maintained, there is potential for further enhancement and value-add opportunities to maximize rental income.Low Vacancy Rates: Demand for housing in Koreatown remains consistently high, resulting in low vacancy rates.Don't miss out on this exceptional investment opportunity in Koreatown, whether you're a seasoned investor looking to expand your portfolio or a newcomer!

Listed by Bryce Cheng | BRE #02048972 | Ko Tai Realty
Co-listed by Alan Friedman | BRE #00931498 | Ko Tai Realty
Last checked: 30 seconds ago | Last updated: May 7th, 2024 | Source CRMLS | DOM: 36
Get a $5,531 Cash Reward New

Buy this home with Ardent Real Estate Group and get $5,531 back.

Call/Text (714) 706-1823

Home details

Lot Sq. Ft
7,506
HOA Dues
$0/mo
Year built
1921
Garage
--
Property Type:
Apartment
Status
Active
MLS#
P1-17154
City
Los Angeles
County
Los Angeles
Time on Site
39 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,773
  • Total Rent: $1,773
  • Pro Forma/Market Rent: $2,795
Unit Breakdown 2
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,768
  • Total Rent: $1,768
  • Pro Forma/Market Rent: $2,795
Unit Breakdown 3
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,888
  • Total Rent: $1,888
  • Pro Forma/Market Rent: $2,795
Unit Breakdown 4
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,792
  • Total Rent: $1,792
  • Pro Forma/Market Rent: $2,795
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $83,979
  • Net Operating Income: $49,847
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $34,132
  • Electric: $0
  • Gas/Fuel: $0
  • Licenses: $428
  • New Taxes: $18,438
  • Trash: $4,257
  • Gardener: $1,244
  • Insurance: $2,296
  • Water/Sewer: $7,469

Open Houses for 851 S New Hampshire Ave

No upcoming open houses

Schedule Tour

Property Details for 851 S New Hampshire Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace, Natural Gas
Laundry Information
  • Has Laundry
  • Inside, Gas Dryer Hookup, Washer Hookup, Individual Room
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Vinyl, Laminate
  • Family Room, Main Floor Bedroom, Laundry, Kitchen, Living Room
Kitchen Information
  • Has Appliances
  • Recirculated Exhaust Fan, Gas Water Heater, Water Heater
Interior Features
  • 2 Staircases, Balcony, Unfurnished, Formica Counters, Copper Plumbing Partial, Storage, Living Room Balcony, Crown Molding, Block Walls
  • Levels: Two
  • Window Features: Wood Frames
  • Security Features: Automatic Gate, Security Lights, Smoke Detector(s), Carbon Monoxide Detector(s)
Exterior Features
Exterior Information
  • Roof: Flat, Spanish Tile, Rolled/Hot Mop
  • Awning(s), Lighting
  • Has Fence
  • Fair Condition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Assigned, Driveway Level, Paved, On Site, Off Street, Gated, Parking Space
Lot Information
  • Lot Features: Front Yard, Lot 6500-9999, Near Public Transit, Level with Street, Yard, Utilities - Overhead, Paved, Rectangular Lot, Lawn
  • Lot Size Source: Public Records
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 5094013007
  • Year Built Source: Assessor
  • Architectural Style: Mediterranean
  • Entry Level: 12
  • Foundation Details: Raised
  • Property is not Attached
  • Accessibility Features: None
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Water Connected, Water Available, Underground Utilities, Sewer Connected, Sewer Available, Phone Available, Natural Gas Connected, Natural Gas Available, Electricity Connected, Electricity Available, Cable Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Not Applicable
  • Directions: North of James M Wood, South of 8th St.
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
Neighborhood Information
  • Community Features: Golf, Biking, Urban, Sidewalks, Street Lights, Storm Drains, Park, Curbs
View more facts & features

Local Los Angeles Agent

Sale History for 851 S New Hampshire Ave

Last sold for $955,000 on May 1st, 2013

  • April, 2024

  • Apr 10, 2024

    Date

    Active

    CRMLS: P1-17154

    $1,475,000

    Price

  • May, 2013

  • May 1, 2013

    Date

    Sold (Public Records)

    Public Records

    $955,000

    Price

  • December, 2005

  • Dec 2, 2005

    Date

    Sold (Public Records)

    Public Records

    $1,154,545

    Price

Show More

Tax History for 851 S New Hampshire Ave

Assessed Value (2020): $1,075,307
Year Land Value Improved Value Assessed Value
2020 $619,287 $456,020 $1,075,307

Home Value Compared to the Market

This property vs the competition

851 S New Hampshire Ave is listed 18% higher than the median list price for the city of Los Angeles which has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $777 and this home is listed at $314.9 per/sqft which puts the price per square foot 59.47% lower than the median price per square foot for the city of Los Angeles.

About 851 S New Hampshire Ave

Detailed summary of property

851 S New Hampshire Ave is a apartment located in Los Angeles, CA 90005 and is currently for sale. This apartment offers 8 bedrooms, 8 bathrooms, roughly 4,684 living square feet, and sits on an approximately 7,506 square foot lot. 851 S New Hampshire Ave was first listed on ArdentRealEstateGroup.com on April 10, 2024. The homeowner is currently asking $1,475,000. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $777. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 18% higher than the median priced home. Local competing homes currently for sale include 1138 S Mariposa Ave, 946 S Kingsley Dr and 1136 Arapahoe St. While the average home in Los Angeles, CA is selling in 92 days, 851 S New Hampshire Ave has a days on market of 36 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 851 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 851 S New Hampshire Ave

Public county record property details
Beds
8
Baths
4
Year built
1921
Sq. Ft.
4,684
Lot Size
7,505
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
5094-013-007

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.
$665
Median Sold Price
$720,000
Median Sold Price/Sq.Ft.
$621
Total Inventory
35
Median Sale to List Price %
100.14%
Avg Days on Market
62
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (16.67%), Other (0%)

Tour This Home

Buy with Ardent Real Estate Group and save $5,531.

Image Description
Contact Jon
Los Angeles Agent
Call, Text or Message
(714) 706-1823
Get a $5,531 Cash Reward New

Buy this home with Ardent Real Estate Group and get $5,531 back.

Call/Text (714) 706-1823

Homes for Sale Near 851 S New Hampshire Ave

Nearby Homes for Sale

2740 James M Wood, Los Angeles, CA 90006
$1,690,000
20 Beds
10 Baths
3400 Sq.Ft.
2740 James M Wood
Los Angeles, CA 90006
848 S Normandie Ave, Los Angeles, CA 90005
$1,690,000
30 Beds
10 Baths
5660 Sq.Ft.
848 S Normandie Ave
Los Angeles, CA 90005
1046 Fedora St, Los Angeles, CA 90006
$1,399,000
6 Beds
5 Baths
2300 Sq.Ft.
1046 Fedora St
Los Angeles, CA 90006
1147 S Kenmore Ave, Los Angeles, CA 90006
$1,420,000
9 Beds
6 Baths
2432 Sq.Ft.
1147 S Kenmore Ave
Los Angeles, CA 90006
1138 Fedora St, Los Angeles, CA 90006
$1,495,000
27 Beds
16 Baths
4106 Sq.Ft.
1138 Fedora St
Los Angeles, CA 90006
1126 S Mariposa Ave, Los Angeles, CA 90006
$1,390,000
9 Beds
6 Baths
1886 Sq.Ft.
1126 S Mariposa Ave
Los Angeles, CA 90006
1029 S Normandie Ave, Los Angeles, CA 90006
$1,288,888
3 Beds
3 Baths
1575 Sq.Ft.
1029 S Normandie Ave
Los Angeles, CA 90006
926 S Ardmore Ave, Los Angeles, CA 90029
$1,599,900
6 Beds
4 Baths
2520 Sq.Ft.
926 S Ardmore Ave
Los Angeles, CA 90029

Recently Sold Homes Near 851 S New Hampshire Ave

815 S New Hampshire Ave, Los Angeles, CA 90005
$1,900,000 Last Sold Price
11 Beds
8 Baths
6111 Sq.Ft.
815 S New Hampshire Ave
Los Angeles, CA 90005
900 S Berendo St, Los Angeles, CA 90006
$1,600,000 Last Sold Price
17 Beds
10 Baths
3045 Sq.Ft.
900 S Berendo St
Los Angeles, CA 90006
911 S Berendo St, Los Angeles, CA 90006
$2,400,000 Last Sold Price
10 Beds
8 Baths
5905 Sq.Ft.
911 S Berendo St
Los Angeles, CA 90006
2998 James M Wood Blvd, Los Angeles, CA 90006
$1,550,000 Last Sold Price
12 Beds
7 Baths
5932 Sq.Ft.
2998 James M Wood Blvd
Los Angeles, CA 90006

Related Resources to 851 S New Hampshire Ave

New Listings in 90005
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

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.

Call