Highlights
• Concentrated growth will see a noticeable increase in local residents and retail demand within a short walk • Property sits on a corner lot on N New Hampshire and Lexington Avenues (Great Exposure) • All 6 garages have been updated • The property offers excellent access to major highways, public transportation (2 blocks away from Vermont/Sunset & Vermont/Santa Monica stations) • 3 fully remodeled units with copper plumbing, updated electrical, redone kitchens and bathrooms
Description
Property Overview: 1186 N New Hampshire is a 6-unit + 1 non-conforming apartment building consisting of (1) two-bedroom, one-bath and (5) one-bedroom, one-bath units. Each unit enjoys a spacious layout with separate dining area, large living area, and enjoys plenty of natural light through the newly upgraded windows across the entire building. Hardwood floors carry throughout. Three of the six units have recently upgraded kitchens that include granite countertops, stainless steel appliances, new gas lines, electrical, and lighting; new bathrooms include updated copper piping, electrical, lighting, and finished materials. The property also holds six garages that have newly installed drywall and new garage doors. The corner lot also allows for plenty of street parking. Location Highlights: The property is ideally located in a vibrant part of Hollywood where there is great walkability to shops and entertainment in the surrounding neighborhood. Conveniently nestled between the Vermont/Sunset and Vermont/Santa Monica Metro station, it is a short walk to Los Angeles City College, Hollywood Presbyterian, Children's Hospital LA, Kaiser Permanente LA, Barnsdall Art Park, and the Hollyhock House.
Listing Details
- Cap Rate
4.88%
- Space Type
multifamily
- Sub Category
apartments-building
- Sale Type
Investment Sale
- Date Listed
3/12/2026
- Net Operating Income
$95,056
- Parking Info
1/1000 SF
Property Specifics
- Property Name
1186 N New Hampshire Ave
- Property Class
C
- No of Buildings
1
- No of Stories
2
- No of Units
6
- Year Built
1940
- Building Size
5,584 SF
- Lot Size
0.17 Ac
- APN
5540-019-001
- Zoning
LARD1.5
- Occupancy
100%