Los Angeles, CA 90006,1329 S New Hampshire AVE
Los Angeles, CA 90006,1329 S New Hampshire AVE
Los Angeles, CA 90006,1329 S New Hampshire AVE
Los Angeles, CA 90006,1329 S New Hampshire AVE
Los Angeles, CA 90006,1329 S New Hampshire AVE
Los Angeles, CA 90006,1329 S New Hampshire AVE
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$630,000

$750,000

16.0%
Est.Price: ?

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Est. payment /mo

4 Beds

4 Baths

3,968 SqFt


SOLD DATE : 10/25/2024

Key Details

Sold Price $630,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,968 sqft

Price per Sqft $158

MLS Listing ID 24442169

Sold Date 10/25/24

Bedrooms 4

HOA Y/N No

Year Built 1912

Lot Size 6,285 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LARD1.5

Interior

Heating None

Fireplace No

Exterior

Garage Uncovered

Parking Type Uncovered

Total Parking Spaces 7

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5075003018

Special Listing Condition Standard

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Justin & Jessica Bouzane

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California Regional MLS (CRMLS)
Listed by Jake Glaser • Lyon Stahl Investment Real Estate, Inc.
Bought with Jake Glaser • Lyon Stahl Investment Real Estate, Inc.

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Justin & Jessica Bouzane

Broker Associate | Lic# 01905244

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