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$3,380,000

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9,931 Sqft Lot

Active

1233 N New Hampshire AVE Los Angeles, CA 90029

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Piere Pirnejad

piere@ochomegallery.com +1(949) 939-0134

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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID WS26035202

HOA Y/N No

Year Built 1958

Lot Size 9,931 Sqft

Property Sub-Type Apartment

Property Description

Positioned in the heart of East Hollywood, 1233 N New Hampshire Ave, Los Angeles presents a rare 16 unit value add investment opportunity in one of the city's most dynamic and sought after multifamily submarkets. Built in 1958, the property offers a desirable unit mix of three studios (studio x 3), twelve one bedrooms (1 bed x 12), and one two bedroom (2 bed x 1), with the majority of units currently leased at below market rents, creating significant upside potential through strategic interior renovations and improved management. Amenities include 24 on site parking spaces and a convenient laundry facility, enhancing tenant appeal and long term stability. Ideally located near Fountain Avenue and just moments from Kaiser Permanente, Hollywood Presbyterian Medical Center, and Children's Hospital Los Angeles, the property benefits from strong rental demand driven by proximity to major employment centers, public transit, and a vibrant mix of dining, shopping, and entertainment in Hollywood, Los Feliz, Silver Lake, Koreatown, and Downtown LA. This is an exceptional opportunity to acquire a well located asset with immediate income and compelling growth potential in the thriving Los Angeles rental market.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LAR3

Rooms

Other Rooms Storage

Interior

Interior Features Balcony, Ceiling Fan(s), Laminate Counters, Storage, Tandem, All Bedrooms Down

Heating Natural Gas, Wall Furnace

Cooling Electric

Fireplace No

Appliance Gas Oven, Gas Range, Refrigerator

Laundry Common Area

Exterior

Garage Spaces 24.0

Garage Description 24.0

Fence Block, Fair Condition, Wrought Iron

Pool None

Community Features Gutter(s), Storm Drain(s), Street Lights, Sidewalks

Utilities Available Cable Available, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

View City Lights, Neighborhood

Roof Type Flat,Mixed,Tar/Gravel

Total Parking Spaces 24

Private Pool No

Building

Lot Description 16-20 Units/Acre

Story 2

Sewer Public Sewer

Water Public

Additional Building Storage

New Construction No

Others

Senior Community No

Tax ID 5540015007

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard, Trust

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Edward Chen Real Brokerage Technologies 626-560-5470, DRE #01758593

NEARBY SCHOOLS & PROPERTIES

Piere Pirnejad

Broker Associate | License ID: 01449754

+1(949) 939-0134

1233 N New Hampshire AVE Los Angeles, CA 90029

Piere Pirnejad

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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