144 N New Hampshire Avenue, Los Angeles, CA 90004$3,650,000

144 North New Hampshire Avenue is a 20-unit value-add opportunity located in Koreatown (Los Angeles 90004). This 20-unit center-hall complex is located in a palm tree-lined neighborhood between 1st street and Beverly Blvd and just one block to the Metro Station at Beverly and Vermont. Built in 1924, this 3-story wood frame constructed apartment community encompasses 9,102 SF of improvements and features a favorable unit composition of Eighteen (18) Single | One Bath and Two (2) One Bedroom | One Bath apartment units. The asset has the potential to heighten resident retention through common area enhancements within the entry, hallways, and stairwells and is an ideal candidate for a RUBS (Ratio Utility Billing System) platform allowing utility expenses to be passed on to residents and therefore reducing fixed costs. 144 North New Hampshire Avenue offers future ownership the potential for the addition of two ADUs (Accessory Dwelling Units) in the basement area. The space is currently being used for storage.