311 S New Hampshire Avenue, Los Angeles, CA 90020
Local realty services provided by:ERA Donahoe Realty
311 S New Hampshire Avenue,Los Angeles, CA 90020
$3,925,000
- 24 Beds
- 24 Baths
- 11,792 sq. ft.
- Multi-family
- Active
Listed by: jonathan taksa
Office: remax commercial and investment realty213-817-1000
MLS#:26660495
Source:CRMLS
Price summary
- Price:$3,925,000
- Price per sq. ft.:$332.85
About this home
HUGE PRICE REDUCTION: NOW 6.98 CAP and 9.02 GRM!!!! We are pleased to present 311 S New Hampshire Avenue, a rare opportunity to acquire a 16-unit apartment building located in the heart of Los Angeles' dynamic Koreatown submarket. Built in 1989, the property benefits from exemption to the City of Los Angeles Rent Stabilization Ordinance, providing investors with operational flexibility and the ability to capture substantial rental upside. The property is subject only to AB 1482, allowing for continued rent growth aligned with market performance. Situated on a desirable residential street just moments from Koreatown's premier dining, retail, and employment centers, 311 S New Hampshire Avenue offers an exceptional unit mix consisting of eight one-bedroom, one-bath units and eight two-bedroom, two-bath units. This balanced configuration appeals to a broad tenant base, including young professionals, couples, and families seeking quality housing in one of Los Angeles' most vibrant urban neighborhoods. The property has been professionally managed and features desirable amenities including secured subterranean parking and an on-site laundry facility, enhancing tenant convenience while providing additional income potential. With strong in-place income and meaningful rental upside potential, investors are presented with the opportunity to increase cash flow and long-term asset value through strategic management and interior upgrades. 311 S New Hampshire Avenue represents a rare opportunity to acquire a newer-vintage multifamily asset in Koreatown, one of Los Angeles' strongest and most supply-constrained rental markets. The combination of its favorable vintage, ideal unit mix, prime location, and upside potential positions the property as an exceptional long-term investment....
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Home facts
- Year built:1989
- Listing ID #:26660495
- Added:110 day(s) ago
- Updated:June 24, 2026 at 10:56 AM
Rooms and interior
- Bedrooms:24
- Total bathrooms:24
- Living area:11,792 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Year built:1989
- Building area:11,792 sq. ft.
- Lot area:0.21 Acres
- Levels:1 Story
Finances and disclosures
- Price:$3,925,000
- Price per sq. ft.:$332.85
Parking
- Total parking spaces:24
- Parking description:Assigned, Gated
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