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311 S New Hampshire Avenue

Los Angeles, CA 90020
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Bed 24

Bed

Bath 0

Bath

SqFt11,792

Sqft

SqFt9,018

Sqft(Lot)

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-bedroo m, 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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Detail Ic Property Details

Property Type : Residential Income

Price : $3,925,000

AD Id : 75888462

MLS Id : 26660495

Beds : 24

Lot Size : 9,018 Sqft

Living Area Size : 11,792

Year Built : 1989

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total Bedrooms: 24

    Bathroom Information

    Total Baths: 24 Full Baths: 0 Half Baths: 0
  • Cooling Features

    Central Air Air Conditioning

    Heating Source

    Central Has Heating

  • Building Information

    Year Built: 1989 Building Area Total: 11,792

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.207
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 9018

  • Listing Price Information

    Original List Price: 3,925,000 Listing Contract Date: 2026-03-05
  • Lease Information

    Listing Agreement: Seller Reserved

  • Tax Information

    Parcel Number: 5502007014

  • Garage and Parking

    Garage Description: Assigned,Gated

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C17 - Mid-Wilshire Directions: Just South of 3rd Street Zoning: LAC2 Source Property Type: Residential Income Area: C17 - Mid-Wilshire
  • Building and Construction

    Property Age: 37 Year Built Source: Vendor Enhanced Total Square Feet Living: 11792 Levels or Stories: One Building Total Stories: 1
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3333 W 4th Street, Los Angeles, CA, 90020 $9,200,000 42 -- 62,532 62,532 SqFt
426 S Catalina Street, Los Angeles, CA, 90020 $1,899,000 8 -- 5,506 5,506 SqFt
520 S Kenmore Avenue, Los Angeles, CA, 90020 $5,900,000 15 -- 18,783 18,783 SqFt
400 S Mariposa Avenue, Los Angeles, CA, 90020 $4,795,000 16 -- 16,736 16,736 SqFt
514 S Mariposa Avenue, Los Angeles, CA, 90020 $3,700,000 17 -- 12,294 12,294 SqFt
541 S Normandie Avenue, Los Angeles, CA, 90020 $1,950,000 8 -- 7,481 7,481 SqFt
525 S Ardmore #338, Los Angeles, CA, 90020 $308,800 -- 1 381 381 SqFt
512 S Hobart Boulevard, Los Angeles, CA, 90020 $7,500,000 13 -- 40,148 40,148 SqFt
453 S Gramercy Place, Los Angeles, CA, 90020 $3,800,000 8 -- 8,594 8,594 SqFt
523 S Wilton Place, Los Angeles, CA, 90020 $1,390,000 7 -- 3,504 3,504 SqFt

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ByOwner last updated this listing 06/25/2026 @ 22:00

MLS: 26660495 LISTED BY: Jonathan Taksa, Remax Commercial and Investment Realty 213-817-1000 SOURCE: CRMLS

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