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$1,475,000
8 bed
8 bath
0 Sqft
7,506 Sqft lot

851 857 S New Hampshire Avenue, Los Angeles, California 90005

  • Residential Income Property Type
  • 25 Days Time on market
  • 1921 Year Built
Property Description

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!

Basic Details
Residential Income
Buy
P1-17154
$1,475,000
8
8
0 Sqft
1921
7,506 Sqft
Activeundercontract
Apartment
Houses
Features
: Wall Furnace, Natural Gas
: Wall/window Unit(s)
: Faircondition
: Exhaust Fan, Gas Water Heater, Water Heater
: Mediterranean
: Park, Sidewalks, Golf, Curbs, Street Lights, Urban, Biking, Stormdrains
8
$0
: Flat, Spanish Tile, Rolled/hot Mop
: Public Sewer
Address
CA
Los Angeles
Los Angeles
90005
851 857 S New Hampshire Avenue
851 857
Avenue
0
W119° 42' 24.5''
N34° 3' 23.4''
S
Additional Information
25
1
2
2
0
: Two
1
: Washer Hookup, Laundry Room, Gas Dryer Hookup, Inside
0
4,684 Sqft
1
0 Sqft
0 Sqft
: Bedroomonmainlevel, Balcony, Multiplestaircases, Crown Molding, Laminate Counters, Storage, Unfurnished, Blockwalls
0.17 Sqft
7,506 Sqft
1
: No Common Walls
0 Sqft
R4-2
5094013007
$0
$0
$0
$0
$0
$0
0 Sqft
1
0 Sqft
$0
1
09/04/2024 17:28:32
$0
: Standard
Cash,CashtoNewLoan
North of James M Wood, South of 8th St.
Ko Tai Realty
Bryce Cheng
PF5607
pf23568
$0
: Block, Stucco, Glass, Drywall
17
East
: Standard, Electricityonproperty
: Carpet, Vinyl, Laminate
1
: Streetlevel, Lawn, Paved, Rectangular Lot, Front Yard, Yard, Near Public Transit
1
Not Applicable
: Cable Available, Phone Available, Electricity Available, Sewer Available, Electricity Connected, Natural Gas Connected, Water Connected, Natural Gas Available, Water Available, Cable Connected, Sewer Connected, Underground Utilities, Overheadutilities
: Wood Frames
1
: Lighting, Awning(s)
yes
1
1
5
5
1
4
Carbon Monoxide Detector(s),Security Gate,Smoke De
1
K
9
83979
US-06037-N-5094013007-R-N
Apartment
10/04/2024 00:37:40
New Hampshire
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