747 S New Hampshire Ave, Los Angeles, CA 90005
- $3,200,000
- 24
- BA
- 14,188
- SqFt
- List Price
- $3,200,000
- MLS#
- 26993065
- Year Built
- 1921
- Bathrooms
- 24
- Living Sq. Ft
- 14,188
- Lot Size
- 11,365
- Days on Market
- 5
- Property Type
- Multifamily
- Stories
- 2
Property Description
747 S New Hampshire Ave is a twenty-four (24) unit apartment property consisting entirely of spacious Studio units averaging approximately 550 square feet. The property is located in the heart of Koreatown, less than 0.5 miles and a 10-minute walk from the Wilshire/Vermont Metro Station. During the current owner's 10+ year tenure, the property has been well maintained and improved. Renovated units feature copper plumbing, upgraded electrical, stainless steel appliances, new flooring, and updated kitchens. The property was re-stuccoed in 2013, all windows were replaced in 2018, and over $30,000 was spent on roof upgrades and maintenance in 2026.The investment offers an astounding 7.12% going-in cap rate and a low $133k/unit entry price point with 46.35% upside potential in the twelve (12) non-renovated units. With the proper financing, an investor can achieve a 9.20% cash-on-cash return with potential upside to an 8.71% cap rate and 13.73% cash-on-cash return. JNM Realty manages 3,500 units across Los Angeles and Orange County and is available to manage the property for an investor.
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Additional Information
- Other Buildings
- None
- Heat
- Other
- Cooling
- Air Conditioning
- Number of Cars in Garage
- None
Mortgage Calculator
Courtesy of JNM Realty, INC., Demis Dokhanian - CA DRE#01940496
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