$4,495,000
252 New Hampshire Avenue, Los Angeles 90004
15,004
Lot Size
Listing Agent
Mark Ventre - Kidder Mathews of California, Inc.252 S New Hampshire Ave represents an opportunity to purchase a largely renovated and repositioned asset in the heart of Koreatown. Twelve of the nineteen units have been upgraded with modern features and amenities, leaving approximately 30% upside in rental income. The buyer may also capture additional upside by maximizing operational efficiencies with the implementation RUBS, charging for parking, and the possibility of adding ADU(s). The nineteen-unit courtyard-style walkup sits on a large 15,000 sq.ft. double lot just north of 3rd Street. The unit mix of (18) one-bedrooms and (1) studio is a great mix for this location and commensurate with the Koreatown tenant base that has a median age of 30. There are approximately 19 parking spaces, consisting of 10 tuck-under spaces and 9 uncovered spaces in the front lot. The unit interiors have been upgraded with efficient stainless-steel appliances; five-burner gas range; hardwood-style flooring; A/C; dishwasher; wood-style blinds; quartz countertops; duel-paned windows; and new bathroom vanities and tubs. The common area amenities include a beautifully landscaped courtyard and laundry room. The building is separately metered for both electric and gas utilities. Additionally, the building has new exterior paint, upgraded electrical systems, predominantly upgraded copper plumbing, and new asphalt slurry.
Facts & Features
MLS® # | 24371579 |
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Price | $4,495,000 |
Bathrooms | 0.00 |
Lot Size | 15,004 |
Year Built | 1955 |
Type | Commercial Sale |
Status | Active Under Contract |
# Of Units | 19 |
Community Information
Address | 252 New Hampshire Avenue |
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Area | C17 - Mid-Wilshire |
City | Los Angeles |
County | Los Angeles |
Zip Code | 90004 |
Amenities
Parking Spaces | 19 |
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Is Waterfront | No |
Has Pool | No |
Interior
Has Basement | No |
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Fireplace | No |
# of Stories | 2 |
Exterior
Exterior | Stucco |
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Construction | Stucco |
Additional Information
Date Listed | March 21st, 2024 |
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Days on Market | 43 |
Zoning | LAR3 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Mark Ventre |
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Office | Kidder Mathews of California, Inc. |