311 S New Hampshire Ave - Apartments FOR SALE


Los Angeles, CA 90020- Koreatown
$4,250,000 USD
818-432-1575
311 S New Hampshire Ave, Los Angeles, CA for Sale
$4,250,000 USD
Apartments - FOR SALE
1/8
null | 5.5% Cap Rate

311 S New Hampshire Ave
Los Angeles, CA 90020
Koreatown


HIGHLIGHTS

  • Built in 1989 | AB 1482
  • One & Two Bedroom Units
  • 22 Parking Spaces
  • Clean and Well Operated Property

OVERVIEW

311 South New Hampshire is an attractive 16-unit apartment community in Koreatown. 311 South New Hampshire was built in 1989 and has the AB 1482 Designation, allowing annual rent increases of 5%, plus the CPI, in 2024. The property consists of eight (8) Two Bedroom / 2 Bathroom units and eight (8) One Bedroom / One Bathroom units – 16 spacious units. Current ownership has proven a concept for future ownership by executing tasteful remodels of five units (Units 201, 202, 204, 205, and 208). Unit upgrades include new modern flooring, updated bathrooms/kitchens with new appliances and countertops, and sleek fixtures throughout. 311 South New Hampshire Avenue boasts ample onsite parking, with 22 spaces in total. The property is not on the LA City mandatory seismic retrofit list. Located in Koreatown, 311 S New Hampshire Avenue is a short distance from the City's primary employers in Downtown Los Angeles and Hollywood and has world-class access to public transportation. 311 South New Hampshire Avenue has a Walk Score of 95 out of 100. This location is a Walker's Paradise, and daily errands do not require a car.

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$360 USD /SF

# OF UNITS

16

PRICE/UNIT

$265,625

CAP RATE

5.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1989

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

C2, Los Angeles

APN/PARCEL ID

5502-007-014

ASK ABOUT THIS PROPERTY

Rich JohnsKW CommercialMore Info
818-432-1575

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Rich JohnsKW CommercialMore Info
818-432-1575

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