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Josh Gregorio

josh.gregoriorealestategroup@gmail.com +1(661) 447-5111

$ 3,200,000

Est. payment | -/mo

24 Baths

14,188 SqFt

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$ 3,200,000

Est. payment | -/mo

Save

24 Baths

14,188 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 14,188 sqft

Price per Sqft $225

MLS Listing ID 26993065

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1921

Lot Size 0.261 Acres

Property Description

747 S New Hampshire Ave is a twenty-four (24) unit apartment property consisting entirely of spacious Studio units averaging approximately 550 square feet. The property is located in the heart of Koreatown, less than 0.5 miles and a 10-minute walk from the Wilshire/Vermont Metro Station. During the current owner's 10+ year tenure, the property has been well maintained and improved. Renovated units feature copper plumbing, upgraded electrical, stainless steel appliances, new flooring, and updated kitchens. The property was re-stuccoed in 2013, all windows were replaced in 2018, and over $30,000 was spent on roof upgrades and maintenance in 2026.The investment offers an astounding 7.12% going-in cap rate and a low $133k/unit entry price point with 46.35% upside potential in the twelve (12) non-renovated units. With the proper financing, an investor can achieve a 9.20% cash-on-cash return with potential upside to an 8.71% cap rate and 13.73% cash-on-cash return. JNM Realty manages 3,500 units across Los Angeles and Orange County and is available to manage the property for an investor.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Zoning LAR4

Interior

Fireplace No

Laundry Common Area

Exterior

Parking Features None

Community Features Gated

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5094010007

Security Features Gated Community,Key Card Entry

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Demis Dokhanian JNM Realty, INC. #01940496

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Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(661) 447-5111

josh.gregoriorealestategroup@gmail.com

3400 Calloway Dr Suite 700, Bakersfield, California 93312, USA

747 S New Hampshire AVE Los Angeles, CA 90005

Josh Gregorio

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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747 S New Hampshire AVE