1145 South New Hampshire Avenue

Los Angeles, CA 90006

$2,850,000
Price
4
Beds
12
Baths
6,710 Sq. Ft.
$425 / Sq. Ft.
6,710
Sq. Ft.
$425
per Sq. Ft.

Description

We are proud to present New Hampshire Villas, 12 units located at1145 S New Hampshire Avenue in Los Angeles. Built in 1929 the structure is 6,710 rentable square feet and was remodeled in 2018. The units mix consists of 8 studio / one bath and4 one bed / one bath apartments. Each unit is individually metered for both gas and electric with individual water heaters (meaning tenants pay to heat their own water) lowering the owners operating costs. Located in the highly sought after Koreatown neighborhood,...We are proud to present New Hampshire Villas, 12 units located at1145 S New Hampshire Avenue in Los Angeles. Built in 1929 the structure is 6,710 rentable square feet and was remodeled in 2018. The units mix consists of 8 studio / one bath and4 one bed / one bath apartments. Each unit is individually metered for both gas and electric with individual water heaters (meaning tenants pay to heat their own water) lowering the owners operating costs. Located in the highly sought after Koreatown neighborhood, the New Hampshire Villas is an extraordinarily well renovated apartment complex featuring secure entry, high end finishes including stainless steel appliances and a recently replaced roof. Tenants benefit from the properties high walk score (94), access to public transportation as well as the trendy bars and restaurants in the surrounding area. This is a perfect opportunity for an investor to acquire a well-maintained property with rental upside in the highly desirable Koreatown Submarket.
  1. Listed by Joshua Luchs • DRE #01845545 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.

Property Details for 1145 South New Hampshire Avenue

Zoning
LAR4
Cross Streets
Olympic Blvd & Normandie Ave
Parcel Number
5078026012
Total Units
12.0
Living Area
6710
Source Living Area
Vendor Enhanced
Area
Mid-Wilshire (C17)
Vacancy Rate
16.67

Location

Listing Courtesy of Kidder Mathews of California, Inc., Joshua Luchs, DRE #01845545
Add your commute
LISTING UPDATED: 04/24/2024 02:05 PM

Property Details for 1145 South New Hampshire Avenue

StatusActive
MLS #24-369847
Days on Market53
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1929
Lot Size0.13 AC / 5,469 SF
CountyLos Angeles County

Location

Listing Courtesy of Kidder Mathews of California, Inc., Joshua Luchs, DRE #01845545
Add your commute

Building Information for 1145 South New Hampshire Avenue

Stories2Residences-Year Built1929Building Size-Lot Size0.13 AC / 5,469 SF

Payment Calculator

$18,278 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,554

Property Taxes

$2,724

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1145 South New Hampshire Avenue

Community / Development
Community / Development
  • Number Of Units: 12
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartment
  • Entry Floor Number: 1
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $205,431
  • Net Operating Income: $139,699.00
  • Gross Income: $211,679
  • Cap Rate: 4.90%
  • Gross Rent Multiplier: $13.46
  • Laundry Income: $3,400
  • Financial Info as Of: 03/01/2024
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 65732
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1256
  • Lot Size Square Feet: 5469
  • Lot Size Dimensions: 40x135
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Air Conditioning
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-18-2024
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,289.00
  • Unit Actual Rent: $10,524.00
  • Unit Projected Rent: $12,000.00
  • Like Units: 8
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,611.00
  • Unit Actual Rent: $6,833.00
  • Unit Projected Rent: $8,000.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $656,187.00
  • Assessed Improvement Percent: 25.0
  • Assessed Land Value: $1,968,562.00
  • Assessed Land Percent: 75
  • Assessed Total Value: $2,624,749.00

Property History for 1145 South New Hampshire Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1145 South New Hampshire Avenue

Taxable ValueLand$1,968,562Additions$657,607Total$2,626,169
Tax Record2023$32,683 ($2,724 / month)
Home Facts
Total Finished SqFt6,710 SqFtAbove Grade Finished SqFt6,710 SqFtLot Size5,400 SqFtStyleMulti-Family Res (5+ Units)Year Built1929ZoningLAR4CountyLOS ANGELESAPN5078-026-012

Schools near 1145 South New Hampshire Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Leo Politi Elementary School
PublicK to 5

Berendo Middle School
Public6 to 8

West Adams Preparatory High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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1145 South New Hampshire Avenue is a multi-family home for sale in Los Angeles, CA 90006. This property was listed for sale on March 6, 2024 by Kidder Mathews of California, Inc., it's currently listed at $2,850,000. It has been on the market for a total of 53 days and was last sold on April 10, 2018. This listing's school district is Los Angeles Unified School District. Nearby schools include Leo Politi Elementary School, Berendo Middle School and West Adams Preparatory High School. 1145 South New Hampshire Avenue is a 4-bed, 12-bath, 6,710 sqft multi-family home built in 1929.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kidder Mathews of California, Inc., Joshua Luchs, DRE #01845545

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.