$1,475,000
851 857 New Hampshire Avenue, Los Angeles 90005
8
Beds
8
Baths
7,506
Lot Size
4
# Of Units
Listing Agent
Bryce Cheng - Ko Tai RealtyWelcome 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!
Facts & Features
MLS® # | P1-17154 |
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Price | $1,475,000 |
Bedrooms | 8 |
Bathrooms | 8.00 |
Lot Size | 7,506 |
Year Built | 1921 |
Type | Residential Income |
Sub-Type | Apartment |
Style | Mediterranean |
Status | Active Under Contract |
# Of Units | 4 |
Community Information
Address | 851 857 New Hampshire Avenue |
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Subdivision | Not Applicable |
City | Los Angeles |
County | Los Angeles |
Zip Code | 90005 |
Amenities
Utilities | Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Underground Utilities, Water Available, Water Connected, Overhead Utilities, Cable Connected |
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Parking Spaces | 8 |
Parking | Assigned, Off Street, Driveway Level, Gated, One Space, On Site, Paved |
Garages | Assigned, Off Street, Driveway Level, Gated, One Space, On Site, Paved |
View | None |
Is Waterfront | No |
Has Pool | No |
Pool | None |
Interior
Interior | Carpet, Laminate, Vinyl |
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Interior Features | Balcony, Bedroom on Main Level, Block Walls, Crown Molding, Laminate Counters, Multiple Staircases, Storage, Unfurnished |
Appliances | Gas Water Heater, Water Heater, Exhaust Fan |
Heating | Natural Gas, Wall Furnace |
Cooling | Wall/Window Unit(s) |
Has Basement | No |
Fireplace | No |
Fireplaces | None |
# of Stories | 2 |
Stories | Two |
Exterior
Exterior | Drywall, Stucco, Block, Glass |
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Exterior Features | Awning(s), Lighting |
Lot Description | Front Yard, Lawn, Paved, Rectangular Lot, Street Level, Yard, Near Public Transit |
Windows | Wood Frames |
Roof | Spanish Tile, Flat, Rolled/Hot Mop |
Construction | Drywall, Stucco, Block, Glass |
Foundation | Raised |
Additional Information
Date Listed | April 9th, 2024 |
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Days on Market | 24 |
Zoning | R4-2 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Bryce Cheng |
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Office | Ko Tai Realty |