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1211-1212 N New Hampshire Ave 1211 N New Hampshire Ave 16 Unit Apartment Building $5,225,000 ($326,563/Unit) 5.74% Cap Rate Los Angeles, CA 90029
Investment Highlights
- Great East Hollywood Location - Silver Lake Adjacent
- Soft-Story Retrofit Completed in 2019 for 1212 N New Hampshire Ave
- On-Site Parking Available - Excellent Opportunity to Convert into Multiple ADUs
- Three (3) Units Delivered Vacant for 1211 N New Hampshire Ave
- Solid Rental Upside Potential (+25%)
- On-Site Laundry Facility Available
Executive Summary
Marcus and Millichap is pleased to present a two (2) building portfolio consisting of twenty-eight (28) units located at 1211-1212 N New Hampshire Ave in Los Angeles, California. The subject property is located in a great East Hollywood location, just north of Santa Monica Blvd and west of Vermont Ave.
Located in a prime East Hollywood location adjacent to Silver Lake, this two-property portfolio consists of 28 units and offers a desirable mix of six studios, 21 one-bedroom units, and one two-bedroom unit. Three units at 1211 N New Hampshire Ave will be delivered vacant, providing immediate value-add potential, while existing rents offer approximately 25% upside. The properties feature on-site parking with potential for multiple ADU conversions, on-site laundry, and a completed 2019 soft-story retrofit at 1212 N New Hampshire Ave. Residents benefit from convenient access to the 101 Freeway, Metro B Line, Sunset Junction, major commercial corridors, neighborhood parks, restaurants, coffee shops, retail, entertainment, healthcare, and Los Angeles City College, placing everyday amenities and nearby popular destinations easily within reach across central Los Angeles.
This two-property portfolio presents a compelling value-add opportunity through three delivered-vacant units, approximately 25% rental upside, and significant ADU conversion potential in a highly desirable East Hollywood location.
For OM, please visit: https://www.lamultifamilydeals.com/active-listings/1211-1212-n-new-hampshire-ave
***PLEASE NOTE: This property is being sold with 1212 N New Hampshire Ave, APN: 5540-018-017. This can be purchased as a portfolio or separately.
Located in a prime East Hollywood location adjacent to Silver Lake, this two-property portfolio consists of 28 units and offers a desirable mix of six studios, 21 one-bedroom units, and one two-bedroom unit. Three units at 1211 N New Hampshire Ave will be delivered vacant, providing immediate value-add potential, while existing rents offer approximately 25% upside. The properties feature on-site parking with potential for multiple ADU conversions, on-site laundry, and a completed 2019 soft-story retrofit at 1212 N New Hampshire Ave. Residents benefit from convenient access to the 101 Freeway, Metro B Line, Sunset Junction, major commercial corridors, neighborhood parks, restaurants, coffee shops, retail, entertainment, healthcare, and Los Angeles City College, placing everyday amenities and nearby popular destinations easily within reach across central Los Angeles.
This two-property portfolio presents a compelling value-add opportunity through three delivered-vacant units, approximately 25% rental upside, and significant ADU conversion potential in a highly desirable East Hollywood location.
For OM, please visit: https://www.lamultifamilydeals.com/active-listings/1211-1212-n-new-hampshire-ave
***PLEASE NOTE: This property is being sold with 1212 N New Hampshire Ave, APN: 5540-018-017. This can be purchased as a portfolio or separately.
Property Facts
| Price | $5,225,000 | Apartment Style | Low-Rise |
| Price Per Unit | $326,563 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 5.74% | Building Size | 16,268 SF |
| Gross Rent Multiplier | 10.27 | No. Stories | 2 |
| No. Units | 16 | Year Built | 1955 |
| Property Type | Multifamily | Parking Ratio | 1.24/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | LAR3 | ||
| Price | $5,225,000 |
| Price Per Unit | $326,563 |
| Sale Type | Investment |
| Cap Rate | 5.74% |
| Gross Rent Multiplier | 10.27 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 16,268 SF |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 1.24/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAR3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
| 1+1 | 10 | - | - |
1 1
Very walkable
80/100
Moderately drivable
70/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5540-016-016 | Improvements Assessment | $454,632 |
| Land Assessment | $329,211 | Total Assessment | $783,843 |
Property Taxes
Parcel Number
5540-016-016
Land Assessment
$329,211
Improvements Assessment
$454,632
Total Assessment
$783,843
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