Listing provided courtesy of Shiva Mehrdad of Power Brokers. Last updated 2024-11-23 09:11:38.000000. Listing information © 2024 CRMLS.
Asking Price: $2,285,000
121 New Hampshire, Los Angeles CA 90004
Community: C17 - Mid-Wilshire
Status: Active
This property was built in 1923 and is priced at $2,285,000. Please see the additional details below.
Prime 8-Unit Multifamily Property in Koreatown. Located in the heart of vibrant Koreatown, this property offers excellent proximity to key attractions and essential amenities. Comprising 8 spacious units, with 3 recently remodeled and currently vacant, offering potential for immediate rental income or owner occupancy. Enjoy easy access to public transportation, making commuting a breeze for tenants. The property is also near major freeways, enhancing connectivity. Minutes away from Silver Lake and Dodger Stadium, tenants can enjoy the best of Los Angeles' cultural and recreational activities. With 3 vacant and remodeled units, you can start generating rental income right away or choose to reside in one of the modernized apartments. The remaining units present an opportunity for further renovation, increasing the property's overall value and rental income potential. Koreatown is known for its bustling atmosphere and strong rental market, ensuring consistent demand for units. KEY FEATURES: LAR4 gives you the ability to build up to 18 units. 3 vacant units. Per city, you can convert each unit as follow: 1 bedroom and 1 studio or convert it to 2 bedroom apartment.