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34583130
34583122

1211 North New Hampshire Avenue, Los Angeles, CA 90029 For Sale

ES
CA 02329239
Marcus & Millichap - Encino
NM
CA 02070689
Marcus & Millichap - Encino
JT
CA 01772495
Marcus & Millichap - Encino
Listed by Marcus & Millichap - Encino
$5,225,000
4 days on market
Updated 4 days ago
Opportunity zone

1211-1212 N New Hampshire Ave

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 18,221
Units 28
Cap Rate 5.74%
Price per SqFt $287
Year Built 1955
Buildings 2
Acreage 20506.000
Zoning LAR3

About This Property for Sale

Investment highlights

Marcus and Millichap is pleased to present a two (2) building portfolio consisting of twenty-eight (28) units located at 1211-1212 N New Hampshire Ave in Los Angeles, California. The subject property is located in a great East Hollywood location, just north of Santa Monica Blvd and west of Vermont Ave.

Located in a prime East Hollywood location adjacent to Silver Lake, this two-property portfolio consists of 28 units and offers a desirable mix of six studios, 21 one-bedroom units, and one two-bedroom unit. Three units at 1211 N New Hampshire Ave will be delivered vacant, providing immediate value-add potential, while existing rents offer approximately 25% upside. The properties feature on-site parking with potential for multiple ADU conversions, on-site laundry, and a completed 2019 soft-story retrofit at 1212 N New Hampshire Ave. Residents benefit from convenient access to the 101 Freeway, Metro B Line, Sunset Junction, major commercial corridors, neighborhood parks, restaurants, coffee shops, retail, entertainment, healthcare, and Los Angeles City College, placing everyday amenities and nearby popular destinations easily within reach across central Los Angeles.

This two-property portfolio presents a compelling value-add opportunity through three delivered-vacant units, approximately 25% rental upside, and significant ADU conversion potential in a highly desirable East Hollywood location.

***PLEASE NOTE: This property is being sold with 1212 N New Hampshire Ave, APN: 5540-018-017. This can be purchased as a portfolio or separately.

Listing Contacts

ES
CA 02329239
Marcus & Millichap - Encino
NM
CA 02070689
Marcus & Millichap - Encino
JT
CA 01772495
Marcus & Millichap - Encino
Listed by Marcus & Millichap - Encino

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Additional Information

Name
Eial Sauer
License
02329239
Brokerage
Marcus & Millichap
Brokerage Phone
(818) 212-2700
Title
Associate Broker
Brokerage Address
16830 Ventura Boulevard
Name
Nick Mejerski
License
02070689
Brokerage
Marcus & Millichap
Title
Real Estate Broker
Brokerage Address
16830 Ventura Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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