1329 S New Hampshire Avenue Los Angeles, CA 90006
Charming quadruplex located in the dynamic Pico-Union neighborhood of Los Angeles. This is a rare opportunity to acquire a well-priced value add investment property that has not been on the market in 58 years! Built in 1912, this Craftsman-style building exudes classic architectural charm and sits on a spacious 6, 285 square foot lot, zoned LARD1.5. The property consists of four generously sized 1-bedroom/1-bath units, each averaging just under 1, 000 square feet. With a remarkably low price per square foot of $189/SF, this offering represents an exceptional value in today's market. The property features all long-term tenants, presenting a significant opportunity for rental income growth with 90% upside on current rents. Additionally, the quadruplex benefits from a very low expense load, further enhancing its investment appeal. The building underwent earthquake retrofitting in 2009, complete with a 15-year warranty.1329 S New Hampshire Ave is offered at an attractive 5.06% cap rate and a 13.62 GRM, making it an excellent choice for investors seeking strong returns. Its location in the Pico-Union neighborhood provides convenient access to Downtown LA, Koreatown, and USC, offering a blend of urban vibrancy and residential comfort. With its unique architecture, substantial upside potential, and prime location, 1329 S New Hampshire Ave is a compelling addition to any real estate portfolio.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site9 Days
- MLS StatusActive Under Contract
- MLS ID Number24442169
- Home Size Source N/A
- Year Built1912
- Lot Size0.1443 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Uncovered
- Parking Spaces 7
- Number of Stories 22
- Acreage 0.1443
- Zoning LARD1.5
- Listing Conditions Standard
Interior Features
- Heating None
Community Features
- Senior Community No
- MLS Area C16 - Mid Los Angeles