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SOLD 7/7/2022

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

1
bed
2
baths
9102
ft2
· 7255
ft2 lot
$410 / ft2

Listing provided courtesy of Listing Broker: Nick Astrupgaard, KW Commercial Studio City
Source CRMLS;
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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.

HOA

$0/month

On market

a month

Year built

1924

Property type

Multi-Family

Parking

MLS

22143341

Price / Sq.Ft.

$410 / ft2

Status

Closed

Buyer’s Brokerage Commission

2%

Home details for 144 N New Hampshire Avenue

Interior Features & Layout
Heating & Cooling
•   
Has Heating
•   
Heating Details: Wall Furnace
Interior Size
•   
Building Area Total: 9102.00
Property, Lot, Community & Exterior Features
Building Info
•   
Zoning: LAR4
•   
Stories Total: 2
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 20
Lot Info
•   
Lot Size Acres: 0.1666
•   
Lot Size Dimensions: 50x145
•   
Lot Size Area: 7255.0000
•   
Lot Size Units: Square Feet
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 265590.00
•   
Vacancy Allowance Rate: 90.00
•   
Total Expenses: 115695.00
•   
Gross Multiplier: 13.70
Tax/Assessment Info
•   
Gross Income: 271010.00
•   
Tax Year: 2021
•   
Taxes: 15207.74
Lease Info
•   
Net Operating Income: 149895.00
Listing Info
•   
Status: Closed
Multi Unit Information
Unit 2 Information
•   
Unit 2 Actual Rent: 978.00
•   
Unit 2 Total Units: 18
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 19115.00
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 2
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1565.00
•   
Unit 1 Total Rent: 3130.00
Multi Unit Information
•   
# Of Units: 13
School Neighborhood & Directions
School Info
•   
Directions: 144 North New Hampshire Avenue is located in the Mid-Wilshire / Koreatown sub-market (Los Angeles 90004).
Other
Calculation
•   
Dom: 37

Property History for 144 N New Hampshire Avenue

07/07/2022
07/07/2022
CRMLS #22143341
sold
CRMLS #22143341
$3,650,000
--2.14%
05/11/2022
05/11/2022
CRMLS #22143341
pending
CRMLS #22143341
$3,730,000
04/04/2022
04/04/2022
CRMLS #22143341
active
CRMLS #22143341
$3,730,000

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