1641 S New Hampshire Avenue, Los Angeles, CA 90006 - Berkshire Hathaway HomeServices California Properties

1641 S New Hampshire Avenue, Los Angeles, CA 90006

$1,640,000 Approx. USD 15 beds, 9 baths
4,809 sqft

Listing Agent


Jonathan Rawson | jon@avenuerg.com
Lic#: 02010400
Broker: Courtesy of Avenue Realty Group

Agent Remarks

9 units located in Historic Pico Union being offered at a below market $182,222 Price Per Unit! This professionally managed 1960's construction asset has a great top-heavy unit mix with (7) 2 Bed/1 Bath, (1) 1 Bed/1 Bath & (1) Single with some parking in the back being rented out by tenants. The entire building was re-piped to copper plumbing throughout in 2016 with permits pulled. Unit #9, 1 Bed/1 Bath, is new construction as the owner converted tuck-under parking into an ADU (new C of O and permits issued). On-site laundry room has brand new digital pay washer & dryer machines that are Landlord owned with NO laundry leases. EQ retrofit work has been completed, EQ shut off valves have been installed on the gas meters, and the master water heater was recently replaced -- all work done with permits. Separately metered for gas & electricity, and some units are on RUBS for utility reimbursements to help keep operating costs down. In-place 5.12% cap rate and 11.65x GRM on current rents and 2024 actual expenses (+ including new tax rate & assessments based on list price). 75% rental upside remaining to a stabilized 10.86% cap rate and 6.8x GRM. Tenant safety features include a gated & secured perimeter and located just 1/2 mile from both LAFD Station 13 and Olympic Community Police Station. Tenants enjoy being centrally located just blocks from both the 10 and 110 freeway entrance/exits, and just over 1 mile from Downtown LA, LA Live, Crypto.com Arena, and more!

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25505735
Price: $1,640,000
Beds: 15
Baths: 9
None fireplaces
Built in 1961
4,809 sqft
2 stories
0.15 acres
Lot size: 0.1504
County: Los Angeles
Zoning: LARD1.5
Interior features: Ceiling Fan(s)
Appliances: Dishwasher,Microwave,Refrigerator
Parking description: Assigned
Heating description: Wall Furnace
MLS area: C16 - Mid Los Angeles

Last Updated: 3/10/2025

 Days On Market (DOM): 70

 Find more Los Angeles homes and real estate

 Find more homes in 90006 zip code

This listing belongs to the C16 - Mid Los Angeles MLS area

Lat/Long: 34.043052, -118.292698.
Find nearby listings

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

90006 Area Map

Demographics

Schools

Near by

Similar Listings