Properties

Property Description

252 S New Hampshire Ave represents an opportunity to purchase a largely renovated and repositioned asset in the heart of Koreatown. Twelve of the nineteen units have been upgraded with modern features and amenities, leaving approximately 30% upside in rental income. The buyer may also capture additional upside by maximizing operational efficiencies with the implementation RUBS, charging for parking, and the possibility of adding ADU(s). The nineteen-unit courtyard-style walkup sits on a large 15,000 sq.ft. double lot just north of 3rd Street. The unit mix of (18) one-bedrooms and (1) studio is a great mix for this location and commensurate with the Koreatown tenant base that has a median age of 30. There are approximately 19 parking spaces, consisting of 10 tuck-under spaces and 9 uncovered spaces in the front lot. The unit interiors have been upgraded with efficient stainless-steel appliances; five-burner gas range; hardwood-style flooring; A/C; dishwasher; wood-style blinds; quartz countertops; duel-paned windows; and new bathroom vanities and tubs. The common area amenities include a beautifully landscaped courtyard and laundry room. The building is separately metered for both electric and gas utilities. Additionally, the building has new exterior paint, upgraded electrical systems, predominantly upgraded copper plumbing, and new asphalt slurry.

Features
: Common Area
$0
Address Map
CA
Los Angeles
Los Angeles
90004
New Hampshire
252
Avenue
W119° 42' 26.9''
N34° 4' 11.2''
LAR3
S
C17 - Mid-Wilshire
Just north of the corner of 3rd St and New Hampshire Ave, one block west of Vermont Ave
Neighborhood
Neighborhood
MLS Addon
Kidder Mathews of California, Inc.
Mark Ventre
$0
$0
$0
$0
$0
$0
Additional Information
2
Multi-Family
2024-03-21
19
: Stucco
11176
Listing Information
CLW-C137060
CLW-X82410
Active Under Contract
2024-04-09T20:09:50Z
CRMLS
: Standard
2024-04-09T06:02:33Z

Commercial Sale For Sale

252 S New Hampshire Avenue, Los Angeles, California 90004

0.34 Acre
$4,495,000
Listing ID #24371579
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 24371579
Price : $4,495,000
Year Built : 1955
Lot Area : 0.34 Acre
Status : Active Under Contract
Agent info
Contact Agent