11503 New Hampshire Ave Los Angeles, CA 90044
- Commercial real estate
- 0.19 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 11503 New Hampshire Ave
- Lot size
- 0.19 lot acres
- Property type
- Commercial real estate
- APN
- 6079-020-047
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.29321200614
- Latitude
- 33.929810010748