11503 New Hampshire Ave
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11503 New Hampshire Ave
10 Unit Apartment Building $6,400,000 ($640,000/Unit) Los Angeles, CA 90044
INVESTMENT HIGHLIGHTS
- Three (3) Separate Buildings On One Parcel
- Walking Distance to Metro Green Line Stop
- 10 Units: (2) 1 bed/1 Bath | (2) 2 Bed/1 Bath | (6) 3 Bed/3 Bath
- Easy Freeway Access
EXECUTIVE SUMMARY
11503 S New Hampshire Avenue is a 10-unit multi-family property ideally located in the Athens neighborhood of Los Angeles. The total 12,558 SF property consists of three separate buildings on one 8,454 SF lot. Unit mix consists of (2) one bed/one bath units, (2) two bed/one bath units and (6) three bed/three bath units. All units are planned for Section 8 tenants. The New Hampshire Avenue property is less than a 10 minute walk from the Vermont/Athens Metro Stop. Located just southwest of Imperial Hwy & Vermont Avenue, there are abundant retail and restaurant amenities nearby. Tenants can easily access the 105 & 110 Freeway, connecting to the world famous California beaches, downtown Los Angeles and greater Los Angeles. Los Angeles Southwest College is located less than one mile away. Buildings expected to be completed 3rd Quarter 2024.
PROPERTY FACTS
| Price | $6,400,000 | Building Class | B |
| Price Per Unit | $640,000 | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 15,216 SF |
| No. Units | 10 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2024 |
| Apartment Style | Low Rise | Opportunity Zone |
Yes
|
| Price | $6,400,000 |
| Price Per Unit | $640,000 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.19 AC |
| Building Size | 15,216 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built | 2024 |
| Opportunity Zone |
Yes |
UNIT AMENITIES
- Washer/Dryer Hookup
- Refrigerator
- Stainless Steel Appliances
SITE AMENITIES
- Gas Range
- Bicycle Storage
PROPERTY TAXES
| Parcel Number | 6079-020-047 | Improvements Assessment | $0 |
| Land Assessment | $610,194 | Total Assessment | $610,194 |
PROPERTY TAXES
Parcel Number
6079-020-047
Land Assessment
$610,194
Improvements Assessment
$0
Total Assessment
$610,194
ZONING
| Zoning Code | R3 (Residential) |
| R3 (Residential) |
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11503 New Hampshire Ave
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