NOT LISTED FOR SALE

252 S New Hampshire Ave Los Angeles, CA 90004

Koreatown Neighborhood
18 Beds
19 Baths
11,176 Sq Ft
0.34 Acres

Last Sold June 27, 2018

Last sale price $3,720,000 $333 Per Sq Ft

9 Days on Market

About This Home

As of June 2018

252 S New Hampshire Ave is a 19 unit value-add courtyard style apartment community built in 1955. Located just north of 3rd Street and west of Vermont in Koreatown, one of the fastest growing markets in the Koreatown/Miracle Mile/Westlake pocket. The area has watched the rising rental rates continue to climb over the last year, offering a new owner an immediate opportunity to increase rental income. The property consists of (18) one-bedroom/one-bathroom units and (1) single unit with 19 parking spaces, and sits on a large 14,999 square foot lot. This is a great opportunity for any investor to take advantage of the huge upside in rent and income, as well as the potential to lower expenses considerably.

Last Agent to Sell the Property

Kenny Stevens

Compass License #01090251 Listed on: 01/30/2018

Compass

Last Buyer's Agent

Kenny Stevens

Compass License #01090251 Listed on: 01/30/2018

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 0.34 Acre Lot

Parking

  • 19 Parking Spaces

Interior Spaces

  • 11,176 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 19 Bathrooms

Community Details

  • 19 Units

Listing and Financial Details

  • Assessor Parcel Number 5518-030-018

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 11176
  • Stories: 2
  • Year Built: 1955
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 18
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 19.00
  • Den: 0
  • Price Per S Q F T: 313.17

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Total Parking: 19

Lot Info

  • Assessor Parcel Number: 5518-030-018
  • Geocode Override: No
  • Lot Size Area: 14810

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 16.48
  • Number Of Units: 19
  • Rent Control: 100%
  • Total Annual Expense: 98811
  • Type Of Units: Apartments
  • Vacancy Rate: 3%

Range of Values:

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2018 06/27/18 Sold $3,720,000 +6.3% $333 / Sq Ft
01/30/2018 01/30/18 For Sale $3,500,000 -- $313 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-308598

The MLS