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    11503 New Hampshire Ave Los Angeles, CA 90044

    Sponsored
    For Sale
    $6,400,000

    Prime Athens location, value-add opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 10-unit multifamily property, located at 11503 S New Hampshire Avenue in Los Angeles, CA 90044, presents a compelling value-add investment opportunity. The property encompasses 12,558 square feet and comprises three separate buildings situated on a 0.19-acre lot (8,454 sq ft). The unit mix includes two one-bedroom/one-bathroom units, two two-bedroom/one-bathroom units, and six three-bedroom/three-bathroom units, all planned for Section 8 tenants. The buildings are anticipated to be completed in the third quarter of 2024. Conveniently located less than a ten-minute walk from the Vermont/Athens Metro Green Line stop, this property offers residents easy access to public transportation. Its proximity to Imperial Highway and Vermont Avenue provides abundant nearby retail and restaurant options. Furthermore, the 105 and 110 freeways are easily accessible, providing convenient connections to downtown Los Angeles, greater Los Angeles, and the California beaches. Los Angeles Southwest College is less than a mile away. Each unit features washer/dryer hookups and stainless steel appliances. The property is zoned R3 and is offered at $6,400,000, representing a price per unit of $640,000. The APN is 6079-020-047. This is a for sale by owner listing.

    Property Features for 11503 New Hampshire Ave

    General Information

    Property type
    Multifamily properties
    Lot Size
    8,276 SF

    Building Details

    Buildings
    3
    Stories
    3
    Units
    10

    HighLights

    • 12,558 SF multifamily property with 10 units.
    • Three‑building complex on a single parcel.
    • Unit mix: two 1‑bedroom/1‑bathroom, two 2‑bedroom/1‑bathroom, and six 3‑bedroom/3‑bathroom units.
    • Conveniently located near the Metro Green Line.
    • Excellent freeway access.
    • In‑unit washer/dryer hookups.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.29321200614
    Latitude
    33.929810010748

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    FAQs

    What type of property is this?
    Multifamily property - Prime Athens location, value-add opportunity.
    Where is this multifamily property located?
    The property is located at 11503 New Hampshire Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $6,400,000.
    What are key features of this property?
    This property features: 12,558 SF multifamily property with 10 units.; Three-building complex on a single parcel.; Unit mix: two 1-bedroom/1-bathroom, two 2-bedroom/1-bathroom, and six 3-bedroom/3-bathroom units.
    Request Owner's contact information
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    Los Angeles, CA 90044
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11503 New Hampshire Ave Los Angeles, CA 90044
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