Newhampshire Place | 1245 N New Hampshire Ave
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Newhampshire Place 1245 N New Hampshire Ave
9 Unit Apartment Building $9,000,000 ($1,000,000/Unit) Los Angeles, CA 90029
Investment Highlights
- Brand new 9 condos into 2 buildings/modern designed floor plans/tri-level/lots of natural lights/fits for young professionals
- It could be sold in all 9 units together or sold each unit separately!
- walking distance to Kaiser permanente hospital*LA Children Hospital and Hollywood Presbyterian Medical Center are near by
Executive Summary
Newer 9 units condo*NO RENT CONTROL*2 units are 3 bedrooms, 2.5 baths* 7 units are 3 bedrooms, 3.5 baths and all 6 units look like end units*In 2 buildings* 7 units are currently leased *walking distance to Kaiser Permenate hospital* near LA Children Hospital & Hollywood Presbyterian Medical Center* Easy freeway 101 access. Developer is anxious to sell all 8 units with rentals together* it could be sold individually as a condo with rental*call for each unit selling price. Property is managed by HOA management company with HOA due about $452.00.*each unit with 2 subterranean tandem style parking * 2 guest parking*total 20 parking spaces*EV charger available* each unit has own laundry with washer and dryer equipped*refrigerator included*each unit has separate electric & gas meter and sub-meter for water*tenants pay for their own electricity/gas and water usages.
This is a condo project in two buildings* it could be sold by each individual unit, call for each unit price!
This is a condo project in two buildings* it could be sold by each individual unit, call for each unit price!
Data Room Click Here to Access
- Market Information
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$483,600
|
$37.20
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$483,600
|
$37.20
|
| Taxes |
$108,300
|
$8.33
|
| Operating Expenses |
$48,708
|
$3.75
|
| Total Expenses |
$157,008
|
$12.08
|
| Net Operating Income |
$326,592
|
$25.12
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $483,600 |
| Annual Per SF | $37.20 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $483,600 |
| Annual Per SF | $37.20 |
| Taxes | |
|---|---|
| Annual | $108,300 |
| Annual Per SF | $8.33 |
| Operating Expenses | |
|---|---|
| Annual | $48,708 |
| Annual Per SF | $3.75 |
| Total Expenses | |
|---|---|
| Annual | $157,008 |
| Annual Per SF | $12.08 |
| Net Operating Income | |
|---|---|
| Annual | $326,592 |
| Annual Per SF | $25.12 |
Property Facts
| Price | $9,000,000 | Lot Size | 0.23 AC |
| Price Per Unit | $1,000,000 | Building Size | 13,000 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2021 |
| Property Subtype | Apartment | Parking Ratio | 1.54/1,000 SF |
| Apartment Style | Low Rise | Opportunity Zone |
Yes
|
| Building Class | B |
| Price | $9,000,000 |
| Price Per Unit | $1,000,000 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 13,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2021 |
| Parking Ratio | 1.54/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Heating
- Granite Countertops
- Stainless Steel Appliances
- Den
- Double Pane Windows
- Island Kitchen
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 2 | $6,500 | 1,324 - 1,366 |
| 3+3.5 | 7 | $13,500 | 1,382 - 1,535 |
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Walk Score ®
Walker's Paradise (94)
Transit Score ®
Excellent Transit (71)
zoning
| Zoning Code | LAR3 (high density multi-units) |
| LAR3 (high density multi-units) |
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Encore Realty and Financial
Newhampshire Place | 1245 N New Hampshire Ave
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