1641 S NEW HAMPSHIRE AVE Los Angeles CA 90006-4531

9 units located in Historic Pico Union being offered at a below market $166,111 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 5.51% cap rate and 10.46x GRM on current rents and T12 actual expenses (Dec '24 to Dec '25), including new tax rate & assessments based on list price. 75% rental upside remaining to a stabilized 11.45% cap rate and 6.23x 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!

• Top Heavy Unit Mix For Only $166,111 Per Unit -- Drastically Below Market Average!

• 1960's Construction - (7) 2 Bed/1 Bath, (1) 1 Bed/1 Bath & (1) Single Units

• Building Was 100% Re-Piped To Copper Plumbing Throughout In 2016 & Permits Pulled

• 75% Rental Upside - In-Place 5.51% Cap Rate & 10.46x GRM On Current Rents & T12 Actual Expenses (Dec '24 to Dec '25) + New Tax Rate & Assessments

• Upside To 11.45% Cap Rate & 6.23x GRM

• Professionally Managed

• Some Units On RUBS For Utility Reimbursements

• Separately Metered For Gas & Electricity

• EQ Retrofit Completed - C of C Issued

• Unit #9, 1 Bed/1 Bath, Is New Construction - Converted Tuck-Under Parking Into 1 Bed/1 Bath ADU (C of O Issued)

• Brand New Digital Pay Washer & Dryers In Laundry Room -- Landlord Owned -- NO Laundry Lease

• EQ Shut Off Valves Installed & Done With Permits

• New Master Water Heater Installed & Done With Permits

• Gated Perimeter For Tenant Safety

• On-Site Parking Spaces In The Rear

• Some Units Have Retrofitted Vinyl Windows