857 S New Hampshire Avenue Los Angeles, CA 90005
Welcome to a prime investment opportunity nestled in the heart of Koreatown. This 4-unit apartment complex offers a chance for investors or owner-occupants seeking a high-demand rental property in one of LA's most dynamic neighborhoods. Gated parking with two spaces per unit. In-unit laundry hook-ups and separate water heaters. Private balconies.Property Overview:Location: Situated in the coveted Koreatown district, this property enjoys proximity to an array of amenities including shopping centers, restaurants, entertainment venues, and public transportation hubs.Unit Mix: The complex comprises four spacious units thoughtfully designed to cater to the needs of urban dwellers. Each unit offers a blend of comfort, functionality, and modern conveniences. Each unit is Two Bedroom, two bathrooms on one level of approximately 1, 170 square feet.Income Potential: With strong rental demand in Koreatown, this property presents an attractive income-generating opportunity for investors. The consistently high demand for housing in this area should provide stable rental income and potential for long-term appreciation.Spacious Layouts: Each unit boasts generous living spaces, providing residents with ample room for relaxation and entertainment.Investment Highlights:Strong Market Fundamentals: Koreatown continues to attract renters due to its central location, diverse cultural offerings, and vibrant atmosphere.Stable Cash Flow: With a proven track record of rental success, this property should offer a stable source of cash flow for investors.Value-Add Potential: While already well-maintained, there is potential for further enhancement and value-add opportunities to maximize rental income.Low Vacancy Rates: Demand for housing in Koreatown remains consistently high, resulting in low vacancy rates.Don't miss out on this exceptional investment opportunity in Koreatown, whether you're a seasoned investor looking to expand your portfolio or a newcomer!
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site53 Days
- MLS StatusActive Under Contract
- MLS ID NumberP1-17154
- Home Size Source N/A
- Year Built1921
- Lot Size0.1723 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Mediterranean
- Construction BlockGlassStucco
- Parking AssignedDriveway LevelGatedOff StreetOn SiteParking SpacePaved
- Parking Spaces 8
- Sewer Public Sewer
- Number of Stories 22
- Acreage 0.1723
- Water Public
- Security Automatic GateCarbon Monoxide Detector(s)Security LightsSmoke Detector(s)
- Property Sub Type Apartment
- Garage Spaces 0
- Utilities Cable AvailableCable ConnectedElectricity AvailableElectricity ConnectedNatural Gas AvailableNatural Gas ConnectedPhone AvailableSewer AvailableSewer ConnectedUnderground UtilitiesWater AvailableWater Connected
- Foundation Raised
- Zoning R4-2
- Listing Conditions Standard
- Direction Faces East
Interior Features
- Cooling Wall/ Window Unit(s)
- Heating Natural GasWall Furnace
- Appliances Gas Water HeaterRecirculated Exhaust FanWater Heater
- Flooring CarpetLaminateVinyl
- Interior 2 StaircasesBalconyBlock WallsCopper Plumbing PartialCrown MoldingFormica CountersLiving Room BalconyStorageUnfurnished
- Fireplace Features None
- Laundry Features Gas Dryer HookupIndividual RoomInsideWasher Hookup
- Window Features Wood Frames
- Fireplace No
Exterior Features
- Roof FlatRolled/ Hot MopSpanish Tile
- View None
- Spa No
- Pool Features None
- Spa Features None
- Exterior Awning(s)Lighting
- Lot Front YardLawnLevel with StreetLot 6500-9999Near Public TransitPavedRectangular LotUtilities - OverheadYard
- Road Frontage AlleyCity Street
Community Features
- Association Dues 0
- Community Features BikingCurbsGolfParkSidewalksStorm DrainsStreet LightsUrban
- Senior Community No
- Security Features Automatic GateCarbon Monoxide Detector(s)Security LightsSmoke Detector(s)