756 South New Hampshire Avenue

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Address: 756 S New Hampshire Ave, Los Angeles, CA 90005, USA
Created date: July 2, 2024
Date last updated: July 2, 2024
  • Not Subject to City of Los Angeles Rent Control, Only Subject to AB 1482 State Rent Control Which Allows 5% + CPI Annual Rent Increases
  • Located in a Designated Opportunity Zone and May be Eligible for Preferential Tax Treatment
  • Residents are Within a Short Walk or Uber to Popular Local Amenities Such as The LINE Hotel, Chapman Plaza, City Center on 6th & Other Local Favorites

Property Description

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 14-unit apartment community located at 756 South New Hampshire Avenue. The subject property is located north of 8th Street and west of Vermont Avenue, in the Koreatown submarket of Los Angeles.

The building is located within walking distance of a slew of vibrant restaurants, cafes, bars, grocery stores, gyms, and entertainment venues. Situated on a 7,250 square foot parcel, the property is comprised of one single and 13 one bedroom units. Due to its 1987 construction, 756 South New Hampshire is not subject to Los Angeles City Rent Control and is subject to AB 1482 State Rent Control allowing for higher annual rental increases. The property has 14 parking spaces with security gated access and an on-site laundry facility.

756 South New Hampshire presents investors a unique opportunity to attain a 1980’s constructed property in a desirable Koreatown location.

*DO NOT DISTURB TENANTS

Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Property Types: Apartment Buildings
Price: $3,400,000
No. of Units: 14
Cap Rate: 5.69%
GRM /GIM: 10.4
Building Size: 7,502 Sq ft
Lot Size: 7,250.00 Sq ft
No. of Stories: 2
Opportunity Zone: No
Price per unit: $242,857
Address: 756 S New Hampshire Ave, Los Angeles, CA 90005, USA

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