747 S New Hampshire Avenue, Los Angeles, California 90005

  • $3,200,000
747 S New Hampshire Avenue, Los Angeles, California 90005
Active Updated/Remodeled
747 S New Hampshire Avenue, Los Angeles, California 90005
747 S New Hampshire Avenue, Los Angeles, California 90005
  • $3,200,000

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.

  • Address 747 S New Hampshire Avenue, Los Angeles, California 90005
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90005
  • Country US

Details

Updated on September 28, 2026 at 3:38 pm
  • Property ID: 26993065
  • Price: $3,200,000
  • Property Size: 14188 Sqft
  • Land Area: 0.2609 Acres
  • Bathrooms: 24
  • Year Built: 1921
  • Property Type: Residential Income
  • Property Status: Active

Additional details

  • County: Los Angeles
  • Property Type: Residential Income
  • Parking: None
  • Community Features: Gated

Contact Information

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  • Hoyt Hochman