Description

1211–1212 North New Hampshire Avenue presents a rare opportunity to acquire a 28-unit multifamily asset in the heart of Los Angeles. Constructed in 1955 and comprising 18,221 rentable square feet, the property is currently 89% occupied and generates in-place average rents of $1,354. Offered at $5,225,000 ($286.76 PSF), the investment delivers a 5.74% cap rate and a 10.27 GRM, positioning it attractively for both stabilized cash flow and value-add upside.

With market rents averaging $2,300, there is significant rent-up potential through interior upgrades and lease-roll optimization. The property’s solid occupancy history underscores consistent demand in this central Los Angeles location, where strong employment centers, public transit access and neighborhood amenities drive tenant retention and premium rental rates. Investors can leverage the rent differential to boost NOI and accelerate returns, while capitalizing on the region’s persistent housing shortage.

Ideal for value-add and 1031 exchange buyers, this asset benefits from dual APNs (5540-016-016, 5540-018-017) and a streamlined due-diligence process. Whether you seek immediate income or plan a targeted renovation strategy, 1211–1212 North New Hampshire Avenue offers compelling fundamentals and upside in one of Southern California’s most competitive multifamily markets.