$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 Realty

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!

Facts & Features

MLS® # P1-17154
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
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
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
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
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
Days on Market 24
Zoning R4-2
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentBryce Cheng
OfficeKo Tai Realty

Listing Map

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