851-857 South New Hampshire Avenue
851-857 South New Hampshire Avenue
Active Under Contract
Active Under Contract
Description
Location: Situated in the coveted Koreatown district, this property enjoys proximity to an array of amenities including shopping centers,...Welcome to a prime investment opportunity nestled in the heart of Koreatown. This 4-unit apartment complex offers a chance for investors or owner-occupants seeking a high-demand rental property in one of LA's most dynamic neighborhoods. Gated parking with two spaces per unit. In-unit laundry hook-ups and separate water heaters. Private balconies. Property Overview:
Location: Situated in the coveted Koreatown district, this property enjoys proximity to an array of amenities including shopping centers, restaurants, entertainment venues, and public transportation hubs. Unit Mix: The complex comprises four spacious units thoughtfully designed to cater to the needs of urban dwellers. Each unit offers a blend of comfort, functionality, and modern conveniences. Each unit is Two Bedroom, two bathrooms on one level of approximately 1,170 square feet. Income Potential: With strong rental demand in Koreatown, this property presents an attractive income-generating opportunity for investors. The consistently high demand for housing in this area should provide stable rental income and potential for long-term appreciation. Spacious Layouts: Each unit boasts generous living spaces, providing residents with ample room for relaxation and entertainment. Investment Highlights:
Strong Market Fundamentals: Koreatown continues to attract renters due to its central location, diverse cultural offerings, and vibrant atmosphere. Stable Cash Flow: With a proven track record of rental success, this property should offer a stable source of cash flow for investors. Value-Add Potential: While already well-maintained, there is potential for further enhancement and value-add opportunities to maximize rental income. Low Vacancy Rates: Demand for housing in Koreatown remains consistently high, resulting in low vacancy rates. Don't miss out on this exceptional investment opportunity in Koreatown, whether you're a seasoned investor looking to expand your portfolio or a newcomer!
- Listed by Bryce Cheng • DRE #02048972 • Ko Tai Realty
- Listed by Alan Friedman • DRE #00931498 • Ko Tai Realty
Property Details for 851-857 South New Hampshire Avenue
Location
Property Details for 851-857 South New Hampshire Avenue
| Status | Active Under Contract |
|---|---|
| MLS # | P1-17154 |
| Days on Market | 18 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income / Apartment |
| Year Built | 1921 |
| County | Los Angeles County |
Location
Building Information for 851-857 South New Hampshire Avenue
Payment Calculator
$8,050 per month
30 year fixed, 7.25% Interest
$8,050
—
$0
Property Information for 851-857 South New Hampshire Avenue
- Accessibility Features: None
- Building Area Total: 4,684.00
- Community Features: Biking, Curbs, Golf, Park, Sidewalks, Storm Drains, Street Lights, Urban
- City: Los Angeles
- Country: US
- Direction Faces: East
- Directions: North of James M Wood, South of 8th St.
- Area: KREA - Koreatown (L)
- Postal Code Plus4: 4926
- Road Surface Type: Alley Paved, Paved
- Unparsed Address: 851 - 857 South New Hampshire Avenue, Los Angeles, CA 90005
- Parking Features: Driveway Level, Gated, Off Street, On Site, Parking Space, Paved, Assigned
- Association Fee: $.00
- New Taxes Expense: $18,437.50
- Tax Block: K
- Tax Other Annual Assessment Amount: $706.00
- Tax Tract: Wilshire Boulevard
- Videos Count: 0
- Additional Parcels: No
- Lot Features: Sprinklers, Front Yard, Lawn, Level with Street, Lot 6500-9999, Near Public Transit, Paved, Rectangular Lot, Utilities - Overhead, Yard
- Lot Size Acres: .17
- Lot Size Square Feet: 7,506.00
- Lot Size Area: 7,506.00
- Lot Size Units: Square Feet
- Parcel Number: 5094013007
- Road Frontage Type: Alley, City Street
- Zoning: R4-2
- Property Type: Residential Income
- Property Sub Type: Apartment
- Common Walls: No Common Walls
- Documents Count: 0
- Entry Level: 12
- Entry Location: 1st Floor
- New Construction: No
- Property Attached: No
- Year Built Source: Assessor
- Senior Community: No
- Cooling: Wall/Window Unit(s)
- Cooling: Yes
- Electric: Electricity - On Property, Standard
- Sewer: Public Sewer
- Utilities: Cable Available, Water Connected, Water Available, Underground Utilities, Sewer Connected, Sewer Available, Phone Available, Natural Gas Connected, Natural Gas Available, Electricity Connected, Electricity Available, Cable Connected
- Water Sewer Expense: $7,469.34
- Water Source: Public
- Construction Materials: Stucco, Block, Drywall Walls, Glass
- Exterior Features: Awning(s), Lighting
- Fencing: Fair Condition
- Foundation Details: Raised
- Pool Features: None
- Pool Private: No
- Roof: Flat, Spanish Tile, Rolled/Hot Mop
- Security Features: Smoke Detector(s), Automatic Gate, Carbon Monoxide Detector(s), Security Lights
- Spa Features: None
- Spa: No
- Stories Total: 2
- Appliances: Recirculated Exhaust Fan, Gas Water Heater, Water Heater
- Total Bathrooms: 0
- Fireplace Features: None
- Fireplace: No
- Flooring: Carpet, Vinyl, Laminate
- Heating: Wall Furnace, Natural Gas
- Heating: Yes
- Interior Features: Crown Molding, Copper Plumbing Partial, Block Walls, Balcony, 2 Staircases, Formica Counters, Living Room Balcony, Storage, Unfurnished
- Laundry Features: Gas Dryer Hookup, Individual Room, Inside, Washer Hookup
- Living Area: 4,684.00
- View: No
- Window Features: Wood Frames
- Levels: Two
- Gross Scheduled Income: $83,979.00
- Net Operating Income: $49,846.74
- Electric Expense: $.00
- Insurance Expense: $2,296.09
- Number Of Buildings: 1
- Operating Expense: $34,132.26
- Special Listing Conditions: Standard
- Trash Expense: $4,257.48
- Licenses Expense: $427.66
- Tenant Pays: Cable TV, Electricity, Gas
Property History for 851-857 South New Hampshire Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 851-857 South New Hampshire Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | K to 12 | |||
| Public - | K to 12 | |||
| Public - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
UCLA Community School PublicK to 12 | ||
Rfk Community Schools-New Open World Academy K-12 PublicK to 12 | ||
Young Oak Kim Academy Public6 to 8 |
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.
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Listing Courtesy of Ko Tai Realty, Bryce Cheng, DRE #02048972; Ko Tai Realty, Alan Friedman, DRE #00931498
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.