1212 N NEW HAMPSHIRE AVE
Value-add twelve-unit multifamily property at 1212 N New Hampshire Ave in East Hollywood, Los Angeles, offered at $2,050,000 at a 6.13% cap ($125,716 NOI). The building has eleven one-bedroom apartments and one two-bedroom apartment, and the listing cites about 25% rental upside.
The two-story-or-less details are not stated, but the record shows a single building of 8,581 SF built in 1955, on an 8,002 SF lot zoned LAR3 (APN 5540-018-017). A soft-story retrofit was completed in 2019, and the property has on-site parking. The listing also notes potential to add multiple accessory dwelling units (ADUs).
The property sits just north of Santa Monica Boulevard and west of Vermont Avenue, next to Silver Lake. Residents have access to the 101 Freeway, the Metro B Line, Sunset Junction, Los Angeles City College, and nearby parks, restaurants, coffee shops, retail, entertainment, and healthcare. It is offered together with 1211 N New Hampshire Avenue (APN 5540-018-016), and a buyer can acquire both as a portfolio or purchase each separately.
- 12 units: eleven one-bedroom and one two-bedroom
- About 25% rental upside potential
- Potential to add multiple ADUs
- Soft-story retrofit completed in 2019
- Available with 1211 N New Hampshire Ave as a portfolio or separately
- Near the Metro B Line, the 101 Freeway, and Sunset Junction
More property details
About this property
Marcus & Millichap is pleased to present a twelve-unit multifamily property located at 1212 N New Hampshire Avenue in Los Angeles, California, within the desirable East Hollywood neighborhood, just north of Santa Monica Boulevard and west of Vermont Avenue. Situated adjacent to Silver Lake, the property features a unit mix of eleven one-bedroom apartments and one two-bedroom apartment. Additional amenities include on-site parking and the potential to add multiple accessory dwelling units (ADUs), while a soft-story retrofit was completed in 2019. Residents enjoy convenient access to the 101 Freeway, Metro B Line, Sunset Junction, major commercial corridors, neighborhood parks, restaurants, coffee shops, retail centers, entertainment venues, healthcare facilities, and Los Angeles City College. With approximately 25% rental upside potential and opportunities for additional ADU development, the property presents an attractive value-add investment opportunity in a sought-after East Hollywood location. The property is being offered for sale together with 1211 N New Hampshire Avenue (APN: 5540-018-016), with the flexibility to acquire both properties as a portfolio or purchase them separately.
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