1145 New Hampshire AveLos Angeles, CA 90006

This exceptional 12-unit apartment building, located at 1145 S New Hampshire Ave in Los Angeles' desirable Koreatown neighborhood (zip code 90006), presents a compelling value-add investment opportunity. Built in 1929 and extensively renovated in 2017, this two-story building boasts 6,710 rentable square feet situated on a 5,665 sq ft lot (APN: 5078-026-012). The unit mix comprises eight studio/one-bath and four one-bedroom/one-bath apartments, all individually metered for gas and electric, significantly reducing operating costs. The property features a secure entry system, high-end finishes including stainless steel appliances, and a recently replaced roof (2017). Currently operating at 100% occupancy, the property generates a strong NOI of $138,197, with a pro-forma NOI projected at $164,464, representing a 5.64% cap rate and a pro-forma cap rate of 6.71%. The asking price is $2,450,000 ($365.13/sq ft and $204,166.67 per unit). The property's high walk score (94) and proximity to public transportation, trendy restaurants, and bars further enhance its appeal. Zoned LAR4, this well-maintained property offers significant rental upside potential within a highly sought-after submarket. This is a 1031 exchange eligible property.