11730 South New Hampshire Avenue

Los Angeles, CA 90044

$5,020,000
Last Sold Price
36
Beds
36
Baths
15,980 Sq. Ft.
$314 / Sq. Ft.
15,980
Sq. Ft.
$314
per Sq. Ft.

Description

Built 1963, this garden style apartment complex has 15,980square feet of improvements on a 16,919 square foot lot. The building has a favorable unit mix of six (6) 1+1, twelve(13) 2+1.5 and two (2) 3+2.5 units. Tenants enjoy amplegated parking, secured entry, inviting center courtyard andon-site laundry. The property has undergone significantrenovations and is a truly turn-key asset with significantrental upside (38%+/-). Offered with assumable debt at anattractive 3.12% rate, which is well below...Built 1963, this garden style apartment complex has 15,980square feet of improvements on a 16,919 square foot lot. The building has a favorable unit mix of six (6) 1+1, twelve(13) 2+1.5 and two (2) 3+2.5 units. Tenants enjoy amplegated parking, secured entry, inviting center courtyard andon-site laundry. The property has undergone significantrenovations and is a truly turn-key asset with significantrental upside (38%+/-). Offered with assumable debt at anattractive 3.12% rate, which is well below current marketlevels. This property will appeal to any investor looking for aturn-key property in a solid rental area with a great assumableloan and tremendous rental upside.
  1. Listed by Richard Ringer • DRE #01238308 • Brokerage DRE #01238308 • Richard J. Ringer Inc.

Property Details for 11730 South New Hampshire Avenue

Zoning
LCR320U*
Parcel Number
6079016048
Total Units
20.0
Living Area
15980
Source Living Area
Vendor Enhanced
Area
Metropolitan Southwest (C36)
Vacancy Rate
0
Lot Size Area
16919

Location

Listing Courtesy of Richard J. Ringer Inc., Richard Ringer, DRE #01238308

Sold By Charles McMillan, Charles McMillan, DRE #01155797

Add your commute
LISTING UPDATED: 02/08/2023 03:00 PM

Property Details for 11730 South New Hampshire Avenue

StatusSold
MLS #22-179757
Days on Market96
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.39 AC / 16,919 SF
CountyLos Angeles County

Location

Listing Courtesy of Richard J. Ringer Inc., Richard Ringer, DRE #01238308

Sold By Charles McMillan, Charles McMillan, DRE #01155797

Add your commute

Building Information for 11730 South New Hampshire Avenue

Stories2Residences-Year Built1963Building Size-Lot Size0.39 AC / 16,919 SF

Payment Calculator

$33,517 per month

30 year fixed, 7.25% Interest

Principal and Interest

$27,396

Property Taxes

$6,121

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 11730 South New Hampshire Avenue

Community / Development
Community / Development
  • Number Of Units: 20
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartment
  • View: Yes
  • View Description: Courtyard
  • View: Courtyard
  • Direction Faces: West
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $415,795
  • Net Operating Income: $261,132.00
  • Gross Income: $415,795
  • Cap Rate: 4.78%
  • Gross Rent Multiplier: $13.13
  • Total Annual Expense: 154663
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.3884
  • Lot Size Square Feet: 16919
  • Lot Size Dimensions: 100x169
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 20
  • Parking Features: Covered
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Wall Unit(s)
  • Heating: Electric
  • Heating Type: Electric
  • Equipment: Ceiling Fan
  • Interior Features: Ceiling Fan(s)
  • Laundry: Room
Exterior Features
Exterior Features
  • Windows: Double Pane Windows
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-16-2022
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,451.00
  • Unit Actual Rent: $8,704.00
  • Unit Projected Rent: $10,200.00
  • Like Units: 6
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,922.00
  • Unit Actual Rent: $23,068.00
  • Unit Projected Rent: $28,800.00
  • Like Units: 12
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $1,855.00
  • Unit Actual Rent: $3,710.00
  • Unit Projected Rent: $5,400.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $2,466,064.00
  • Assessed Improvement Percent: 73.02
  • Assessed Land Value: $911,370.00
  • Assessed Land Percent: 26.98
  • Assessed Total Value: $3,377,434.00

Property History for 11730 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 11730 South New Hampshire Avenue

Taxable ValueLand$3,000,000Additions$2,250,000Total$5,250,000
Tax Record2023$73,451 ($6,121 / month)
Home Facts
Total Finished SqFt15,980 SqFtAbove Grade Finished SqFt15,980 SqFtLot Size16,919 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningLCR320U*CountyLOS ANGELESAPN6079-016-048

Schools near 11730 South New Hampshire Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Public - 6 to 10
Rating
School
Distance
West Athens Elementary School
PublicK to 5

Animo Charter Middle No. 3
Charter6 to 8

George Washington Preparatory High School
Public9 to 12

Boys Academic Leadership Academy
Public6 to 10

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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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 Richard J. Ringer Inc., Richard Ringer, DRE #01238308

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.