Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

16

Building size

9,640 sqft

Lot size

12,504 sqft

Year built

1955

Stories

2

Heating

Wall Furnace

View

Courtyard

Status

Active

Days on market

74

MLS #

246561842

About this property

We are pleased to present an apartment building consisting of sixteen (16) units located at 1211 N New Hampshire Ave in Los Angeles, California. The subject property is located in a great East Hollywood location, just north of Santa Monica Blvd and west of Vermont Ave. Located in a prime East Hollywood location adjacent to Silver Lake, this courtyard property has 2 APNs and offers a desirable mix of six studios and 10 one-bedroom units. Three units at 1211 N New Hampshire Ave will be delivered vacant, providing immediate value-add potential, while existing rents offer approximately 25% upside. The properties feature on-site parking with potential for multiple ADU conversions, on-site laundry, and does not require a soft-story retrofit. Residents benefit from convenient access to the 101 Freeway, Metro B Line, Sunset Junction, major commercial corridors, neighborhood parks, restaurants, coffee shops, retail, entertainment, healthcare, and Los Angeles City College, placing everyday amenities and nearby popular destinations easily within reach across central Los Angeles. This offering presents a compelling value-add opportunity through three delivered-vacant units, approximately 25% rental upside, and significant ADU conversion potential in a highly desirable East Hollywood location. *****PLEASE NOTE: This property is being sold with 1212 N New Hampshire Ave, APN: 5540-018-017. These can be purchased as a portfolio or separately.

Location

1211 N New Hampshire Avenue

Los Angeles, Los Angeles, CA, 90029