• 851 S New Hampshire Ave. - 851 South New Hampshire Avenue, Los Angeles, CA 90005

For Sale

Multi-Family

For Sale

This property is available for sale
0.17
Acres
$970,000
Sale Price
  • Year Built
    1921
  • Total Building Size
    4,684 RSF
  • Overview

    The site is located on the west side of South New Hampshire Avenue just south of West 8th Street. At the corner of 8th St. and New Hampshire Ave. are several local retail shops offering a variety of products and services. The site is only a few blocks away from major transportations. Tenants have easy access to entertainment and restaurants along the Mid-Wilshire corridor which is the heart of Koreatown. Koreatown has over 1,100 night-time establishments which include numerous bars, clubs, restaurants, spas, karaoke bars, dance halls, theaters, pool halls, coffee shops, and more.
    The 4 unit multi-family investment offering consists of a 4,684 SF building on 7,492 SF of land located in the heart of Koreatown in Los Angeles, CA. It has three 2 bedroom & 1.5 bath units and one 2 bedroom+den & 1.5 bath unit. Seller spent over $150,000 in improvements. There are 9 parking spaces. The location is the most sought after residential location in Mid-Wilshire. The asset is priced below replacement cost and rents that are below market.

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Property Details

The site is located on the west side of South New Hampshire Avenue just south of West 8th Street. At the corner of 8th St. and New Hampshire Ave. are several local retail shops offering a variety of products and services. The site is only a few blocks away from major transportations. Tenants have easy access to entertainment and restaurants along the Mid-Wilshire corridor which is the heart of Koreatown. Koreatown has over 1,100 night-time establishments which include numerous bars, clubs, restaurants, spas, karaoke bars, dance halls, theaters, pool halls, coffee shops, and more.
The 4 unit multi-family investment offering consists of a 4,684 SF building on 7,492 SF of land located in the heart of Koreatown in Los Angeles, CA. It has three 2 bedroom & 1.5 bath units and one 2 bedroom+den & 1.5 bath unit. Seller spent over $150,000 in improvements. There are 9 parking spaces. The location is the most sought after residential location in Mid-Wilshire. The asset is priced below replacement cost and rents that are below market.

  • Property Type
    Multi-Family
  • Submarket
  • Year Built
    1921
  • Sale Price
    $970,000
  • Total Building Size
    4,684RSF
  • Total Acres
    0.17
  • Number of Floors
    2
  • Zoning
    LAR4
  • Property ID
    1996035