1125 N New Hampshire Ave 8BR La
| Website: | https://www.nestseekers.com/5712547 |
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| Address: | 1125 N New Hampshire Ave LOS ANGELES, CA 90029 |
| Ownership: | For Sale |
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| Bedrooms: | 8 BR |
| Bathrooms: | 8 |
| Area: | 6752 sq ft |
| Lot Size: | 0.2 Acres |
Financials
Price:$1,750,000
Description
Offered at $1,750,000, this realistically priced 8-unit multifamily opportunity is located in the highly walkable Little Armenia/East Hollywood submarket, just steps from the Vermont/Santa Monica Metro B Line station. Built in 1926, the property showcases classic Spanish Revival architecture, vintage character, a period-appropriate exterior color palette, and professionally designed drought-tolerant landscaping. The unit mix includes six 1-bedroom/1-bath units, one 1-bedroom unit with bonus room, and one 2-bedroom unit. Three units are intentionally vacant at close of escrow, offering an owner-user or investor meaningful flexibility for renovation, lease-up, or other permitted business-plan strategies. All units feature hardwood floors, plaster walls, and plaster ceilings. Four units have modernized kitchens. Renovated units have achieved rents up to $2,350 per month, indicating potential continued rental upside as additional units become available and are improved, subject to applicable rent-control laws and regulations. Recent capital improvements include a substantial electrical-system upgrade from 200 amps to 400 amps, including replacement of tenant-unit electrical panels and the house-service panel. The property is separately metered for gas and electricity. Excellent transit and neighborhood access: Walk Score 93, Transit Score 71, and Bike Score 72. Conveniently positioned near restaurants, shopping, neighborhood services, and major Hollywood/East Hollywood employment and entertainment destinations.
271 North Canon Drive Beverly Hills, CA 90210 Phone: +1 310-278-8861 Fax: +1 310-362-0351 | |
| Listing Courtesy of Wellman Realty Co. | |