Property listed by Real Brokerage Technologies, Edward Chen 626-560-5470
$3,380,000
Positioned in the heart of East Hollywood, 1233 N New Hampshire Ave, Los Angeles presents a rare 16 unit value add investment opportunity in one of the city’s most dynamic and sought after multifamily submarkets. Built in 1958, the property offers a desirable unit mix of three studios (studio x… Read More 3), twelve one bedrooms (1 bed x 12), and one two bedroom (2 bed x 1), with the majority of units currently leased at below market rents, creating significant upside potential through strategic interior renovations and improved management. Amenities include 24 on site parking spaces and a convenient laundry facility, enhancing tenant appeal and long term stability. Ideally located near Fountain Avenue and just moments from Kaiser Permanente, Hollywood Presbyterian Medical Center, and Children’s Hospital Los Angeles, the property benefits from strong rental demand driven by proximity to major employment centers, public transit, and a vibrant mix of dining, shopping, and entertainment in Hollywood, Los Feliz, Silver Lake, Koreatown, and Downtown LA. This is an exceptional opportunity to acquire a well located asset with immediate income and compelling growth potential in the thriving Los Angeles rental market. Read Less
Listing Snapshot
Days Online
19
Last Updated
Property Type
Apartment
Lot Size
0.23 Acres
Year Built
1958
MLS Number
WS26035202
Additional Details
Property Access
Frontage Type: CityStreet
Appliances & Equipment
GasOven, GasRange, Refrigerator
Building
Built in 1958, 1 building, 2 stories, Entry level: 1, Entry location: Front Gate
CableAvailable, NaturalGasConnected, SewerConnected, WaterConnected, Water Source: Public, Standard, 16 separate electric meters, 16 separate gas meters
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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