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    982 S New Hampshire Ave

    Los Angeles, CA 90006
    • $4,500,000
    • STATUS: Pending
    • ON SITE: 28 days
    • MLS #: 21-691374
    Pending
    UPDATED: 60 min ago
    $4,500,000
    • 34
      BEDS
    • 0.27
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 19,108
      SQFT
    • $236
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1993
    County:
    Area:

    School Ratings & Info

    Description

    Rare and unique opportunity to acquire a well-maintained, 3 story 13-unit apartment complex located in prime KoreaTown! One block adjacent from the famous intersection of Vermont Ave and Olympic Bl. Short and easy walking distance to major grocery markets, famous restaurants, numerous banks, healthcare facilities and other businesses! This is an extremely valuable income property located in a very highly desired rental market! The property was built in 1993, and has been well managed and maintained ever since. All units are clean and easy to rent out, and the entire complex is comprised of: 7 units (3bed/2 bath), 2 units (3bed/3 bath), 3 units (2bed/2bath), and 1 unit (1 bed/1bath). All 3 bedroom units are approximately 1,500 sq. ft. with large living rooms. There are private patios for 3 of the units. There is an on-site laundry room in the basement, right next to the 32-space parking garage. The parking garage is gated and secure, with mostly side-by-side parking.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-18T12:43:08.167. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.markwiseproperties.com/homes/117437707
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    982 S New Hampshire Ave Los Angeles, CA 90006

    • Price: $4,500,000
    • Status: Pending
    • Updated: 60 min ago
    • MLS #: 21-691374
    34
    Beds
    0
    Baths
    0
    ½ Baths
    0.27
    Acres
    19,108
    SQFT
    $236
    $/SQFT
    1993
    Built
    Neighborhood:
    Mid-Wilshire
    County:
    Los Angeles
    Area:
    Mid-Wilshire
    Property Description
    Rare and unique opportunity to acquire a well-maintained, 3 story 13-unit apartment complex located in prime KoreaTown! One block adjacent from the famous intersection of Vermont Ave and Olympic Bl. Short and easy walking distance to major grocery markets, famous restaurants, numerous banks, healthcare facilities and other businesses! This is an extremely valuable income property located in a very highly desired rental market! The property was built in 1993, and has been well managed and maintained ever since. All units are clean and easy to rent out, and the entire complex is comprised of: 7 units (3bed/2 bath), 2 units (3bed/3 bath), 3 units (2bed/2bath), and 1 unit (1 bed/1bath). All 3 bedroom units are approximately 1,500 sq. ft. with large living rooms. There are private patios for 3 of the units. There is an on-site laundry room in the basement, right next to the 32-space parking garage. The parking garage is gated and secure, with mostly side-by-side parking.
    Exterior Features

    Covered Parking 32 Direction Faces West Entry Location Elevator Exterior Construction Hard Coat Levels Three Or More Lot Description 2-4 Lots Lot Size Area 11821 Other Structures None Parking Garage Gated UndergroundControlled EntranceAssigned Patio Features BalconyPatio Open Paved YN Yes Pool Description None Pool YN No Roof Flat Tile Spa None Spa YN No Sprinklers Sprinkler System Tennis Court None Tennis YN No Total Parking 32 View Description Courtyard View YN Yes

    Interior Features

    Bathroom Features Shower And Tub Baths Total 26.50 Bedroom Features Master Bedroom Common Walls Detached/No Common Walls Cooking Appliances OvenOven-GasBuilt-In GasGas Cooling Wall Unit(S) Equipment CableCeiling FanDryerElevatorGarbage DisposalWasherHood Fan Fireplace Rooms GasFamily RoomKitchenMaster Bedroom Flooring Hardwood Heating Wall Interior Features Common Walls Kitchen Features Laminate CountersCounter Top Laundry Garage Laundry Equipment Lease Water Heater Features Central Water HeaterGasHot Water CirculatorInstant Hot Water Windows Window Blinds

    Property Features

    Assessed Total Value 1157830 Disability Access 32 inch Or More Wide Doors2+ Access ExitsEntry Slope Less Than 1 FootGrab Bars In Bathroom(S)Handicap AccessRamp - Main LevelThresholds Less Than 5/8 inchWheelchair Ramp(S) Electric Expense 11000.00 Elevator Expense 1680.00 Entry Floor Number 1 Gross Income 300000 Gross Operating Income 300000 Insurance Expense 4500.00 Land Lease Type Fee Like Units1 3 Like Units2 6 Like Units3 3 Like Units4 1 Maintenance Expense 25600.00 Management Expense 12400.00 Monthly Gross Income 25000.00 Net Operating Income 163722.00 Number Of Buildings 1 Number Of Units 13 Owner Pays Water Property Condition No Additions/Alter Rent Control YN No Sale Type Standard Security Features Carbon Monoxide Detector(S)Exterior Security LightsFire And Smoke Detection SystemFire SprinklersSmoke DetectorWindow Bars Sewer In Street Source Living Area Assessor Source Lot Size Area Assessor Tax Total 56250.00 Tenant Pays Cable TvElectricityGas Total Annual Expense 136278 Trash Expense 7150.00 TVServices Cable Tv Type Of Units Apartments Water Water District Water Expense 9000.00 Water Heaters YN Yes Year Built Source Assessor Zoning Lar4

    Listing provided courtesy of Robert Lee DRE#01798222 of Landpac Properties.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-18T12:43:08.167. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Rancho Mirage CA, 92270