Franz Rodriguez - Desert Lifestyle Properties Logo
New Listing
$3,200,000
 $17,178 est/mo Sourced by Back At You

747 S New Hampshire Avenue,Los Angeles, CA 90005

Los Angeles, CA 90005

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Description

747 S New Hampshire Ave is a twenty-four (24) unit apartment property consisting entirely of spacious Studio units averaging approximately 550 square feet. The property is located in the heart of Koreatown, less than 0.5 miles and a 10-minute walk from the Wilshire/Vermont Metro Station. During the current owner's 10+ year tenure, the property has been well maintained and improved. Renovated units feature copper plumbing, upgraded electrical, stainless steel appliances, new flooring, and updated kitchens. The property was re-stuccoed in 2013, all windows were replaced in 2018, and over $30,000 was spent on roof upgrades and maintenance in 2026.The investment offers an astounding 7.12% going-in cap rate and a low $133k/unit entry price point with 46.35% upside potential in the twelve (12) non-renovated units. With the proper financing, an investor can achieve a 9.20% cash-on-cash return with potential upside to an 8.71% cap rate and 13.73% cash-on-cash return. JNM Realty manages 3,500 units across Los Angeles and Orange County and is available to manage the property for an investor.

Details

MLS #26993065
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1921
Days On Site1
Listing Provided ByJNM Realty, INC. | Demis Dokhanian

Features

Bath(s)24
SQ Feet14,188
Story(s)2
Units24
Building(s)1
ZoningLAR4
Acreage0.26

Exterior

Security FeaturesGated Community, Key Card Entry

Parking

Parking FeaturesNone

Location

Community FeaturesGated

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90005
AreaC17 Mid Wilshire
Listing VS Median (in 90005)
Price:
$3,200,000
low | high
Med:
$595,000
100% of Average
sqft:
14,188
low | high
Med:
948
100% of Average
$ / sqft:
$226
low | high
Med:
$628
100% of Average
On site:
1
low | high
Med:
90
2% of Average
Sourced by Back At You

Market Activity 90005

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Contact

Learn More About This Property

Franz Rodriguez

Franz Rodriguez

Desert Lifestyle Properties

02002804 (951) 206-8296franzpsrealtor@gmail.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90005
AreaC17 Mid Wilshire
Listing VS Median (in 90005)
Price:
$3,200,000
low | high
Med:
$595,000
100% of Average
sqft:
14,188
low | high
Med:
948
100% of Average
$ / sqft:
$226
low | high
Med:
$628
100% of Average
On site:
1
low | high
Med:
90
2% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $2.4M - $4M
sqft: 10,500 - 17,500
Nearby Listings Property ImageNearby Listings Details
810 S Berendo Street Property Photo 1
$4,500,000
810 S Berendo Street
Los Angeles, CA 90005
810 S Berendo Street Property Photo 1
$4,500,000
810 S Berendo Street
Los Angeles, CA 90005
Listing Updated: September 28, 2026 at 8:13:56 AM PDT