121 N New Hampshire Ave, Los Angeles CA 90004

OFFERING PRICE: $2,200,000

MVP Commercial Investment Real Estate of KW Commercial is pleased to present the 121 North New Hampshire Avenue Apartments – a Spanish Style eight (8) unit multifamily investment opportunity located in the Mid-Wilshire submarket of Los Angeles. This is truly a Pride of Ownership opportunity in a high demand rental market. This two story, wood frame stucco building consists of 6,711 SF of living area and is situated on a 7,499 SF lot zoned R-4. This zoning would provide a new owner with future development exit strategies such as the ability to build 18 units by right on the subject parcel (Buyer to Verify).

This property features: Eight (8) very spacious One Bedroom/One Bathroom units. All units have hardwood floors and are individually metered for gas and electricity. The majority of the units have been beautifully renovated which is reflected by the Rent per Square Foot that the owner has been able to achieve. Further, the property has undergone major capital improvements including but not limited to the following: Seller stated 100% Copper/Pex Plumbing, New Exterior Paint, New Landscaping, Rehabbed Units, etc. These upgrades help keep operating expenses low which in turn creates stronger cash flow for a new Owner. Lastly, the property has parking for 6 spaces in the rear of the building along with on-site laundry.

A new owner/investor will benefit from a fully stabilized Asset with units that are very spacious and in high rental demand with future development potential.

INVESTMENT HIGHLIGHTS

  • Pride of Ownership Asset
  • 5 of 8 Units have been Immaculately Rehabbed
  • Several Major Capital Improvements: New Plumbing, New Paint, Hardwood Flooring, Updated Electrical
  • On-Site Parking and On-Site Laundry

LOCATION HIGHLIGHTS

  • High Rental Demand Area
  • Great Location with Close Proximity to Downtown and Hollywood
  • The Subject Property is a Walker’s Paradise with a 91 Walk Score
  • Two blocks from Red-Line Metro station | Easy access to several major freeways

MVP Commercial Investment Real Estate does not guarantee the accuracy of square footage, lot size or other information concerning the condition or features of the property provided by the seller or obtained from public records or other sources and the buyer is advised to independently verify the accuracy of that information through personal inspection with appropriate licensed professionals. If your home is currently listed with another broker, this is not intended to solicit that listing. CalBRE 01816119, 01483131.

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