16-Unit Apartment
For Sale
$3,925,000
311 S New Hampshire Ave, Los Angeles, CA 90020
Built in 1989 with an eight-and-eight unit mix, secured subterranean parking, and on-site laundry.
Days on Market148
Property Features for 311 S New Hampshire Ave
General Information
Standard status
Active
Property subtype
MULTI_FAMILY
Additional Details
Cap Rate
6.98%
Multifamily Units
16
Building Details
Year Built
1989
Listing Agency:
Remax Commercial and Investment Realty
Listed By:
Jonathan Taksa
Source:
Rochellemaize
Added: Mar 5
Changed: Jul 10
Last Checked: Jul 19 at 4:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Remax Commercial and Investment Realty
Investment Insights
Based on property information with market context.
311 S New Hampshire Avenue is a 16-unit apartment building built in 1989. The property includes eight one-bedroom, one-bath units and eight two-bedroom, two-bath units, supported by professional management. On-site amenities include secured subterranean parking and an on-site laundry facility.
The building is located in the Koreatown submarket of Los Angeles on a residential street, positioned just moments from the area’s dining, retail, and employment centers.
From a regulatory standpoint, the property benefits from an exemption to the City of Los Angeles Rent Stabilization Ordinance and is subject only to AB 1482, which can provide operational flexibility around rent management within that framework. The offering is presented with an investor-referenced 6.98 cap and 9.02 GRM, and the unit mix is designed to serve a broad range of households, from individuals to couples and families. Overall, it’s a newer-vintage multifamily asset with in-place income and on-site convenience features that can fit buyers or operators seeking a straightforward, manageable 16-unit structure.
The building is located in the Koreatown submarket of Los Angeles on a residential street, positioned just moments from the area’s dining, retail, and employment centers.
From a regulatory standpoint, the property benefits from an exemption to the City of Los Angeles Rent Stabilization Ordinance and is subject only to AB 1482, which can provide operational flexibility around rent management within that framework. The offering is presented with an investor-referenced 6.98 cap and 9.02 GRM, and the unit mix is designed to serve a broad range of households, from individuals to couples and families. Overall, it’s a newer-vintage multifamily asset with in-place income and on-site convenience features that can fit buyers or operators seeking a straightforward, manageable 16-unit structure.
Key Highlights
- 16‑unit apartment building built in 1989 in the Koreatown submarket of Los Angeles
- Unit mix: eight 1‑bedroom, 1‑bath units and eight 2‑bedroom, 2‑bath units
- Exemption to the City of Los Angeles Rent Stabilization Ordinance; subject only to AB 1482
Property Analytics
Property Profile
Current Use
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
5,547
Businesses Nearby
Explore this area
Business Placement
Demographics for 90020, CA
38,694
Population
19,119
Households
2
Avg Household Size
37
Median Age
46%
College-Educated
84%
High-School Grad
1.1 sq mi
ZIP Area
35,176
Density / Sq Mi
$55,832
Median Household Income
$37,718
Median Earnings
$1,734
Median Rent
$826,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Built in 1989 with an eight-and-eight unit mix, secured subterranean parking, and on-site laundry.
Where is this apartment building located?
The property is located at 311 S New Hampshire Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,925,000.
What are key features of this property?
This property features: 16‑unit apartment building built in 1989 in the Koreatown submarket of Los Angeles; Unit mix: eight 1‑bedroom, 1‑bath units and eight 2‑bedroom, 2‑bath units; Exemption to the City of Los Angeles Rent Stabilization Ordinance; subject only to AB 1482
