Est. cap rate

2.9%

Assumed rent, all units

$9,800/mo

Units

4

Price per unit

$498,750

Est. annual NOI

$58,800

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Quadruplex

Bedrooms

5

Bathrooms

5

Building size

2,973 sqft

Lot size

7,809 sqft

Year built

1954

Stories

2

Garage spaces

2

Heating

Central

Cooling

Central Air

Pool

None

View

Peek-A-Boo

Status

Active

Days on market

9

MLS #

248182325

About this property

Welcome to 323 N. New Hampshire Ave., a beautifully renovated and thoughtfully updated property offering space, comfort, and exceptional potential. This special property has been cherished by the same family and has been off the market since the 1960s. The main home features 5 bedrooms, 5 bathrooms and 2973 sq ft. of living space. Along with three separate studio units, (2)-320 sq. ft. and (1)-309 sq. ft. with kitchen and bath, providing wonderful options for extended family, guests, or rental income. The property sits on a 7,809 sq. ft. lot and is zoned R3-1. Public records show the home as built in 1954; buyer to independently verify year built, square footage, zoning, permits, and all other property information. Recent improvements include a new roof, upgraded main electrical panel, earthquake shut-off valve, new flooring, remodeled kitchen and bathrooms, interior and exterior paint, retrofitting, new front wood fence, and two brand-new garage doors. There are five parking spaces, and the main home and all three studios each have separate electrical and gas meters. The property will be delivered completely vacant, offering the new owner a wonderful opportunity to make it their own. A truly special property with a unique history, thoughtful updates, and room to create the future you envision. Buyer to conduct their own due diligence regarding all property details, permits, zoning, and rental potential.

Location

323 N New Hampshire

Los Angeles, Los Angeles, CA, 90004