We are pleased to present 311 S New Hampshire Avenue, a rare opportunity to acquire a 16-unit apartment building located in the heart of Los Angeles' dynamic Koreatown submarket. Built in 1989, the property benefits from exemption to the City of Los Angeles Rent Stabilization Ordinance, providing investors with operational… Read More flexibility and the ability to capture substantial rental upside. The property is subject only to AB 1482, allowing for continued rent growth aligned with market performance. Situated on a desirable residential street just moments from Koreatown's premier dining, retail, and employment centers, 311 S New Hampshire Avenue offers an exceptional unit mix consisting of eight one-bedroom, one-bath units and eight two-bedroom, two-bath units. This balanced configuration appeals to a broad tenant base, including young professionals, couples, and families seeking quality housing in one of Los Angeles' most vibrant urban neighborhoods. The property has been professionally managed and features desirable amenities including secured subterranean parking and an on-site laundry facility, enhancing tenant convenience while providing additional income potential. With strong in-place income and meaningful rental upside potential, investors are presented with the opportunity to increase cash flow and long-term asset value through strategic management and interior upgrades. 311 S New Hampshire Avenue represents a rare opportunity to acquire a newer-vintage multifamily asset in Koreatown, one of Los Angeles' strongest and most supply-constrained rental markets. The combination of its favorable vintage, ideal unit mix, prime location, and upside potential positions the property as an exceptional long-term investment. Read Less
Courtesy of Remax Commercial and Investment Realty 213-817-1000
Listing Snapshot
Days Online
44
Last Updated
Property Type
Other
Beds
24
Square Ft.
11,792
Lot Size
0.21 Acres
Year Built
1989
MLS Number
26660495
30 Days Snapshot Of 90020
$2.53M
+307%
(avg) sold price
7
0%
homes sold
109
+57%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
11,792 sq ft, Built in 1989, Levels: One
Cooling
Central
Disclosures
As Is
Garage
Assigned, Gated
Heating
Central
Lot
LotAcreage: 0.207, LotSizeArea: 9,018
Parking
CoveredParking: 24, TotalParking: 24
Property
NumberOfUnits: 16, Zoning: LAC2
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