1641 S New Hampshire Avenue

Los Angeles, CA 90006

  • 15 Bed(s)
  • 0 Bath(s)
  • 4,809 Sqft
  • 6553
    Sqft(Lot)
$1,640,000

Description

9 units located in historic pico union being offered at a below market $182,222 price per unit! this professionally managed 1960's construction asset has a great top-heavy unit mix with (7) 2 bed/1 bath, (1) 1 bed/1 bath & (1) single with some parking in the back being rented out by tenants. the entire building was re-piped to copper plumbing throughout in 2016 with permits pulled. unit #9, 1 bed/1 bath, is new construction as the owner converted tuck-under parking into an adu (new c of o and permits issued). on-site laundry room has brand new digital pay washer & dryer machines that are landlord owned with no laundry leases. eq retrofit work has been completed, eq shut off valves have been installed on the gas meters, and the master water heater was recently replaced -- all work done with permits. separately metered for gas & electricity, and some units are on rubs for utility reimbursements to help keep operating costs down. in-place 5.12% cap rate and 11.65x grm on current rents and 2024 actual expenses (+ including new tax rate & assessments based on list price). 75% rental upside remaining to a stabilized 10.86% cap rate and 6.8x grm. tenant safety features include a gated & secured perimeter and located just 1/2 mile from both lafd station 13 and olympic community police station. tenants enjoy being centrally located just blocks from both the 10 and 110 freeway entrance/exits, and just over 1 mile from downtown la, la live, crypto.com arena, and more!

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48915976

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Property Details

  • Bedroom Information

    • Total Bedrooms : 15

    Bathroom Information

    • Total Baths: 9
    • Full Baths: 0
    • Half Baths: 0

    Interior Features

    • Interior Features: Ceiling Fan(s)
    • Property Appliances: Dishwasher,Microwave,Refrigerator
    • Fireplace: None

    Heating Source

    • Wall Furnace
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1961
    • Building Area Total: 4,809

    Security Features

    • Gated Community

    Pool Features

    • None

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1504
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 6553

  • Listing Price Information

    • Original List Price: 1,640,000
    • Listing Contract Date: 2025-03-10

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5075018028

  • Garage and Parking

    • Garage Description: Assigned

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C16 - Mid Los Angeles
    • Postal Code Plus 4: 4531
    • Directions: South of Venice Blvd, North of Washington Blvd, West of Vermont, East of Normandie
    • Zoning: LARD1.5
    • Source Property Type: Residential Income
    • Area: C16 - Mid Los Angeles

    Building and Construction

    • Property Age: 64
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 4809
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 06/02/2025 @ 22:44

  • MLS: 25505735
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 15 bedrooms which is for sale, it has 4,809 sqft, 6,553 sized lot, and 0 parking. are nearby neighborhoods.