Property Details
Listing Agent
Property Type
Multifamily
Units
12
Price Per Unit
$183,333
Price Per SF
$256.38
Cap Rate
5.63%
GRM
10.29
Property Description
We are pleased to present a multifamily building consisting of twelve (12) units located at 1212 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 multifamily building consists of 12 units and offers a solid mix of eleven one-bedroom and one two-bedroom unit. The property features on-site parking with potential for multiple ADU conversions and a completed 2019 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.
1212 N New Hampshire Ave presents a compelling value-add opportunity through approximately 25% rental upside and significant ADU conversion potential in a highly desirable East Hollywood location.
*****PLEASE NOTE: This property is being sold with 1211 N New Hampshire Ave, APN: 5540-018-016. These can be purchased as a portfolio or separately.
Property Location
1212 N New Hampshire Ave, Los Angeles, CA 90029, USA