Welcome to a prime investment opportunity nestled in the heart of Koreatown. This 4-unit apartment complex offers a chance for investors or owner-occupants seeking a high-demand rental property in one of LA's most dynamic neighborhoods. Gated parking with two spaces per unit. In-unit laundry hook-ups and separate water heaters. Private balconies.Property Overview:Location: Situated in the coveted Koreatown district, this property enjoys proximity to an array of amenities including shopping centers, restaurants, entertainment venues, and public transportation hubs.Unit Mix: The complex comprises four spacious units thoughtfully designed to cater to the needs of urban dwellers. Each unit offers a blend of comfort, functionality, and modern conveniences. Each unit is Two Bedroom, two bathrooms on one level of approximately 1,170 square feet.Income Potential: With strong rental demand in Koreatown, this property presents an attractive income-generating opportunity for investors. The consistently high demand for housing in this area should provide stable rental income and potential for long-term appreciation.Spacious Layouts: Each unit boasts generous living spaces, providing residents with ample room for relaxation and entertainment.Investment Highlights:Strong Market Fundamentals: Koreatown continues to attract renters due to its central location, diverse cultural offerings, and vibrant atmosphere.Stable Cash Flow: With a proven track record of rental success, this property should offer a stable source of cash flow for investors.Value-Add Potential: While already well-maintained, there is potential for further enhancement and value-add opportunities to maximize rental income.Low Vacancy Rates: Demand for housing in Koreatown remains consistently high, resulting in low vacancy rates.Don't miss out on this exceptional investment opportunity in Koreatown, whether you're a seasoned investor looking to expand your portfolio or a newcomer!
Sold for $1,550,000 on 08/22/24
Listing Provided by:
Bryce Cheng DRE #02048972 brycetcheng@gmail.com,
Ko Tai Realty,
Alan Friedman DRE #00931498 626-354-3740,
Ko Tai Realty
$1,550,000
851-857 S New Hampshire Ave, Los Angeles, CA 90005
--beds
--baths
4,684sqft
Multi Family
Built in 1921
-- sqft lot
$1,531,100 Zestimate®
$331/sqft
$2,461 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: December 04, 2024 at 07:19pm
Listing Provided by:
Bryce Cheng DRE #02048972 brycetcheng@gmail.com,
Ko Tai Realty,
Alan Friedman DRE #00931498 626-354-3740,
Ko Tai Realty
Bought with:
Sookie Huskey, DRE #01305467
Coldwell Banker George Realty
Source: CRMLS,MLS#: P1-17154
Originating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)

Facts & features
Interior
Heating
- Natural Gas, Wall Furnace
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Exhaust Fan, Gas Water Heater, Water Heater
- Laundry: Washer Hookup, Gas Dryer Hookup, Inside, Laundry Room
Features
- Balcony, Block Walls, Crown Molding, Laminate Counters, Multiple Staircases, Storage, Unfurnished, Bedroom on Main Level
- Flooring: Carpet, Laminate, Vinyl
- Windows: Wood Frames
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 4,684
- Total interior livable area: 4,684 sqft
Property
Parking
- Total spaces: 8
- Parking features: Assigned, Driveway Level, Gated, On Site, Off Street, Paved, One Space
- Uncovered spaces: 8
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Entry location: 1st Floor
- Exterior features: Awning(s), Lighting
- Pool features: None
- Spa features: None
- Fencing: Fair Condition
- Has view: Yes
- View description: None
Lot
- Size: 7,506 sqft
- Features: Front Yard, Lawn, Near Public Transit, Paved, Rectangular Lot, Street Level, Yard
Details
- Parcel number: 5094013007
- Zoning: R4-2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Mediterranean
- Property subtype: Multi Family
Materials
- Block, Drywall, Glass, Stucco
- Foundation: Raised
- Roof: Flat,Rolled/Hot Mop,Spanish Tile
Condition
- New construction: No
- Year built: 1921
Utilities & green energy
- Electric: Electricity - On Property, Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Underground Utilities, Water Available, Water Connected, Overhead Utilities
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Security Gate, Smoke Detector(s), Security Lights
Community
- Community features: Biking, Curbs, Golf, Park, Storm Drain(s), Street Lights, Sidewalks, Urban
Location
- Region: Los Angeles
- Subdivision: Not Applicable
Other
Other facts
- Listing terms: Cash,Cash to New Loan
- Road surface type: Alley Paved, Paved
Services availability
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,531,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,531,100