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211 N New Hampshire Avenue

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211 N New Hampshire Avenue | Los Angeles, CA

$1,369,000

Relisted: Price reduced to $1,369,000! Lowest 4 unit building price in the area! Value-add property with actual rents of ±140% below market rents. Under-performing value add four 2 bedroom + 1 bath units. Renovate, re-position with new proforma rents of $120,000 per year. One unit will be delivered vacant. Residents are within easy access to major area amenities. 1 block from the Beverly/Vermont Subway station, major thoroughfares, freeways, shopping and more. Minutes to Downtown, Hollywood, Mid City and more. The property is zoned LAR3-1 and is within Transit Oriented Communities Tier 4 Eligibility, allowing a developer to potentially build up to 18 units and height limitation of 78 ft. No minimum parking requirement if using TOC Tier 4. See land offering memorandum.
Listing Provided by Anie Mayelian, Keller Williams Encino-Sherman

Based on information from California Regional Multiple Listing Service, Inc. as of September 14, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.