Now 6.98 CAP and 9.02 GRM EXEMPT from City Rent Control
Non-RSO | 16 Units | $259,375/unit
Marketing description
Huge price reduction. 6.98 CAP Rate and 9.02 GRM for a nicely located property EXEMPT from RSO. Jonathan Taksa of the Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to present 311 S New Hampshire Avenue, a rare opportunity to acquire a wellmaintained 16-unit apartment building located in the heart of Los Angeles’ dynamic Koreatown submarket. Built in 1989, the property benefits from exemption to the City of Los Angeles Rent Stabilization Ordinance, providing investors with operational flexibility and the ability to capture substantial rental upside. The property is subject only to AB 1482, allowing for continued rent growth aligned with market performance.
Situated on a desirable residential street just moments from Koreatown’s premier dining, retail, and employment centers, 311 S New Hampshire Avenue offers an exceptional unit mix consisting of eight one-bedroom, one-bath units and eight two-bedroom, two-bath units. This balanced configuration appeals to a broad tenant base, including young professionals, couples, and families seeking quality housing in one of Los Angeles’ most vibrant urban neighborhoods.
The property has been professionally managed and features desirable amenities including secured subterranean parking and an on-site laundry facility, enhancing tenant convenience while providing additional income potential. With strong in-place income and meaningful rental upside potential, investors are presented with the opportunity to increase cash flow and long-term asset value through strategic management and interior upgrades.
311 S New Hampshire Avenue represents a rare opportunity to acquire a newer-vintage multifamily asset in Koreatown, one of Los Angeles’ strongest and most supply-constrained rental markets. The combination of its favorable vintage, ideal unit mix, prime location, and upside potential positions the property as an exceptional long-term investment.
Investment highlights
Now 6.98 CAP Rate and 9.02 GRM!
Rare 1989 Construction – Exempt from LA City Rent Control
Built in 1989, the property is exempt from the Los Angeles Rent Stabilization Ordinance, providing significant operational flexibility and allowing ownership to increase rents in accordance with market conditions (subject to AB 1482).
Strong Rental Upside Potential
Current rents present a compelling opportunity for investors to increase income through strategic unit renovations and repositioning to capture full market rental potential.
The property features a highly desirable and balanced unit mix of: 8 One-Bedroom / One-Bathroom units • 8 Two-Bedroom / Two-Bathroom units - This configuration appeals to a wide tenant demographic and maximizes long-term occupancy stability.
Located in the heart of Koreatown, one of Los Angeles’ most dynamic rental markets, the property benefits from proximity to major employment centers, transit, dining, retail, and entertainment.
Secured subterranean parking provides tenants with convenience and security, a highly valued amenity in dense urban environments.
The building includes an on-site laundry facility, offering additional income potential and tenant convenience.
The property has been professionally managed, ensuring operational efficiency and ease of ownership transition.
Koreatown continues to experience strong rental demand driven by its central location, vibrant lifestyle amenities, and proximity to major employment hubs.
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