$1,495,000

1641 S New Hampshire Avenue, Los Angeles, CA 90006

  • 15 beds |
  • 9 baths |
  • 4,809 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1961
  • Property Lot Size Icon6,551sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $311/sqft
  • Property List Date Icon Listed 9 days ago

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!

Listing Status:
Active
Date Added:
December 5, 2025 at 06:00AM
Listing Office:
Avenue Realty Group : 310-433-4293
Listing Agent:
Jonathan Rawson : 310-869-9137
MLS ID:
25626151
  • General: Ceiling Fan(s)
  • Appliances: DishwasherDisposalMicrowaveRefrigeratorDryerWasher
  • Heating: Wall Furnace
  • Parking: AssignedParking spaces: 5
  • General: 2
  • Originating MLS: CRMLS_CL
  • County: Los Angeles
  • Zoning: LARD1.55075018028
  • Source: CRMLS_CL

This listing courtesy of Jonathan Rawson, Avenue Realty Group

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Camino Nuevo Elementary School #3

, Los Angeles, CA, 90006

Grades KG-5

0.21 miles away

S

Sophia T. Salvin Special Education Center

1925 S Budlong Ave, Los Angeles, CA, 90007

Grades KG-10

0.40 miles away

W

West Adams Preparatory High School

1500 W Washington Blvd, Los Angeles, CA, 90007

Grades 9-12

0.29 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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