Homes for sale - 1641 S New Hampshire Ave, Los Angeles, CA 90006

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KiKi Freeman

admin@kikifreeman.com +1(323) 396-3918

$ 1,585,000

Est. payment | -/mo

15 Beds

9 Baths

4,809 SqFt

Save

$ 1,585,000

Est. payment | -/mo

Save

15 Beds

9 Baths

4,809 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,809 sqft

Price per Sqft $329

MLS Listing ID 25505735

Bedrooms 15

Year Built 1961

Lot Size 6,553 Sqft

Acres 0.1504

Property Sub-Type Multi-Family

Property Description

LARGE PRICE ADJUSTMENT! BRING ALL OFFERS! 9 units located in Historic Pico Union being offered at a below market $176,111 Price Per Unit! This professionally managed 1960's construction asset has a great top-heavy unit mix with (7) 2 Bed/1 Bath, (1) 1 Bed/1 Bath & (1) Single with some parking in the back being rented out by tenants. The entire building was re-piped to copper plumbing throughout in 2016 with permits pulled. Unit #9, 1 Bed/1 Bath, is new construction as the owner converted tuck-under parking into an ADU (new C of O and permits issued). On-site laundry room has brand new digital pay washer & dryer machines that are Landlord owned with NO laundry leases. EQ retrofit work has been completed, EQ shut off valves have been installed on the gas meters, and the master water heater was recently replaced -- all work done with permits. Separately metered for gas & electricity, and some units are on RUBS for utility reimbursements to help keep operating costs down. In-place 5.26% cap rate and 11.31x GRM on current rents and 2024 actual expenses (+ including new tax rate & assessments based on list price). 75% rental upside remaining to a stabilized 11.25% cap rate and 6.59x GRM. Tenant safety features include a gated & secured perimeter and located just 1/2 mile from both LAFD Station 13 and Olympic Community Police Station. Tenants enjoy being centrally located just blocks from both the 10 and 110 freeway entrance/exits, and just over 1 mile from Downtown LA, LA Live, Crypto.com Arena, and more!

Location

State CA

County Los Angeles

Area Mid Los Angeles

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Ceiling Fan, Air Conditioning

Fireplaces Type None

Equipment Dishwasher, Microwave, Refrigerator, Freezer, Range/Oven, Ceiling Fan

Exterior

Parking Features Assigned

Garage Spaces 3.0

Pool None

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Avenue Realty Group

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(323) 396-3918

admin@kikifreeman.com

2450 Colorado Ave, Santa Monica, California, 90404, USA

1641 S New Hampshire Ave Los Angeles, CA 90006