CA > Los Angeles
Los Angeles, CA 90006,1641 S New Hampshire AVE
Los Angeles, CA 90006,1641 S New Hampshire AVE
Los Angeles, CA 90006,1641 S New Hampshire AVE
Los Angeles, CA 90006,1641 S New Hampshire AVE
Los Angeles, CA 90006,1641 S New Hampshire AVE
Los Angeles, CA 90006,1641 S New Hampshire AVE
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Shannon Petluck

Shannon Petluck

+1(949) 664-4349
$ 1,495,000
Est. payment | /mo

15 Beds

9 Baths

4,809 SqFt

Save
$ 1,495,000
Est. payment | /mo
Save

15 Beds

9 Baths

4,809 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,809 sqft

Price per Sqft $310

MLS Listing ID 25626151

Bedrooms 15

HOA Y/N No

Year Built 1961

Property Description

9 units located in Historic Pico Union being offered at a below market $166,111 Price Per Unit! This professionally managed 1960's construction asset has a great top-heavy unit mix with (7) 2 Bed/1 Bath, (1) 1 Bed/1 Bath & (1) Single with some parking in the back being rented out by tenants. The entire building was re-piped to copper plumbing throughout in 2016 with permits pulled. Unit #9, 1 Bed/1 Bath, is new construction as the owner converted tuck-under parking into an ADU (new C of O and permits issued). On-site laundry room has brand new digital pay washer & dryer machines that are Landlord owned with NO laundry leases. EQ retrofit work has been completed, EQ shut off valves have been installed on the gas meters, and the master water heater was recently replaced -- all work done with permits. Separately metered for gas & electricity, and some units are on RUBS for utility reimbursements to help keep operating costs down. In-place 5.51% cap rate and 10.46x GRM on current rents and T12 actual expenses (Dec '24 to Dec '25), including new tax rate & assessments based on list price. 75% rental upside remaining to a stabilized 11.45% cap rate and 6.23x GRM. Tenant safety features include a gated & secured perimeter and located just 1/2 mile from both LAFD Station 13 and Olympic Community Police Station. Tenants enjoy being centrally located just blocks from both the 10 and 110 freeway entrance/exits, and just over 1 mile from Downtown LA, LA Live, Crypto.com Arena, and more!

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LARD1.5

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer

Exterior

Parking Features Assigned

Community Features Gated

Total Parking Spaces 5

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5075018028

Security Features Gated Community

Financing Cash

Special Listing Condition Standard

CRMLS – RECore
Listed by Jonathan Rawson Avenue Realty Group
Shannon Petluck

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 664-4349

shannon@thepetluckteam.com

4040 Barranca Pkwy # 150, Irvine, California, 92604, USA

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1641 S New Hampshire AVE