$ 750,000
1329 S New Hampshire AVE Los Angeles, CA 90006
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 750,000
Est. payment /mo
Pending
1329 S New Hampshire AVE Los Angeles, CA 90006
4 Beds
4 Baths
3,968 SqFt
UPDATED:
10/01/2024 10:03 PM
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 3,968 sqft
Price per Sqft $189
MLS Listing ID 24442169
Bedrooms 4
HOA Y/N No
Year Built 1912
Lot Size 6,285 Sqft
Acres 0.1443
Property Description
Charming quadruplex located in the dynamic Pico-Union neighborhood of Los Angeles. This is a rare opportunity to acquire a well-priced value add investment property that has not been on the market in 58 years! Built in 1912, this Craftsman-style building exudes classic architectural charm and sits on a spacious 6,285 square foot lot, zoned LARD1.5. The property consists of four generously sized 1-bedroom/1-bath units, each averaging just under 1,000 square feet. With a remarkably low price per square foot of $189/SF, this offering represents an exceptional value in today's market. The property features all long-term tenants, presenting a significant opportunity for rental income growth with 90% upside on current rents. Additionally, the quadruplex benefits from a very low expense load, further enhancing its investment appeal. The building underwent earthquake retrofitting in 2009, complete with a 15-year warranty.1329 S New Hampshire Ave is offered at an attractive 5.06% cap rate and a 13.62 GRM, making it an excellent choice for investors seeking strong returns. Its location in the Pico-Union neighborhood provides convenient access to Downtown LA, Koreatown, and USC, offering a blend of urban vibrancy and residential comfort. With its unique architecture, substantial upside potential, and prime location, 1329 S New Hampshire Ave is a compelling addition to any real estate portfolio.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD1.5
Interior
Heating None
Fireplace No
Exterior
Garage Uncovered
Parking Type Uncovered
Total Parking Spaces 7
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5075003018
Special Listing Condition Standard
Listed by Jake Glaser • Lyon Stahl Investment Real Estate, Inc.
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