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$ 3,025,000
Est. payment | /mo
9,640 SqFt
$ 3,025,000
Est. payment | /mo
9,640 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 9,640 sqft
Price per Sqft $313
MLS Listing ID CL26918907
HOA Y/N No
Year Built 1955
Lot Size 0.287 Acres
Acres 0.2871
Property Sub-Type Other
Property Description
We are pleased to present an apartment building consisting of sixteen (16) units located at 1211 N New Hampshire Ave in Los Angeles, California. The subject property is located in a great East Hollywood location, just north of Santa Monica Blvd and west of Vermont Ave. Located in a prime East Hollywood location adjacent to Silver Lake, this courtyard property has 2 APNs and offers a desirable mix of six studios and 10 one-bedroom units. Three units at 1211 N New Hampshire Ave will be delivered vacant, providing immediate value-add potential, while existing rents offer approximately 25% upside. The properties feature on-site parking with potential for multiple ADU conversions, on-site laundry, and does not require a soft-story retrofit. Residents benefit from convenient access to the 101 Freeway, Metro B Line, Sunset Junction, major commercial corridors, neighborhood parks, restaurants, coffee shops, retail, entertainment, healthcare, and Los Angeles City College, placing everyday amenities and nearby popular destinations easily within reach across central Los Angeles. This offering presents a compelling value-add opportunity through three delivered-vacant units, approximately 25% rental upside, and significant ADU conversion potential in a highly desirable East Hollywood location. *****PLEASE NOTE: This property is being sold with 1212 N New Hampshire Ave, APN: 5540-018-017. These can be purchased as a portfolio or separately.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Wall Furnace
Flooring Tile, Carpet, Wood
Fireplace No
Appliance Dryer
Laundry Common Area, Dryer, Washer
Exterior
View Y/N true
View Other
Building
Lot Description Front Yard
New Construction No
Others
Tax ID 5540016016
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Listed by Jason Tuvia • Marcus & Millichap
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