121 N New Hampshire Avenue
Residential Income Details
PRICE REDUCED BY $354,000. We are pleased to present a Spanish Style 8 unit multifamily investment opportunity located in the Mid-Wilshire submarket of Los Angeles. The 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: 8 very spacious 1BR+1BA 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/SF that the owner has been able to achieve. The property has undergone major capital improvements including:100% Copper/Pex Plumbing, New Exterior Paint, New Landscaping, Rehabbed Units, etc. These upgrades help keep operating expenses low. Lastly, the property has parking for 6 spaces in the rear of the building along with on-site laundry.
|Number of Units||8|
|Listing Brokerage||Keller Williams Silicon Beach|
|Listing Agent||Jonathan Prakash|
|Listing Agent BRE #||01483131|
|Co-Listing Agent||Derrick Vartanian|
|Co-Listing Agent BRE #||01816119|
Based on information from California Regional Multiple Listing Service, Inc. as of Wednesday, August 15, 2018.
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