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$4,250,000

Beds
24
sq ft
11,792

311 S New Hampshire Ave, Los Angeles, CA 90020

311 S New Hampshire Ave

Los Angeles, CA 90020

  • 22 days on market
311 South New Hampshire Avenue is an attractive 16-unit apartment community in Koreatown. 311 South New Hampshire was built in 1989 and has the AB 1482 Designation, allowing annual rent increases of 5%, plus the CPI, in 2024. The property consists of eight (8) Two Bedroom / 2 Bathroom units and eight (8) One Bedroom / One Bathroom units 16 spacious units. Current ownership has proven a concept for future ownership by executing tasteful remodels of five units (Units 201, 202, 204, 205, and 208). Unit upgrades include new modern flooring, updated bathrooms/kitchens with new appliances and countertops, and sleek fixtures throughout. 311 South New Hampshire Avenue boasts ample onsite parking, with 22 spaces in total. The property is not on the LA City mandatory seismic retrofit list. Located in Koreatown, 311 S New Hampshire Avenue is a short distance from the City's primary employers in Downtown Los Angeles and Hollywood and has world-class access to public transportation. 311 South New Hampshire Avenue has a Walk Score of 95 out of 100. This location is a Walker's Paradise, and daily errands do not require a car.

Details

Property type

Est. home value

$4,180,986

Lot size

9,015 sq ft

Price per sq ft

$361

Year built

1989

HOA

No

Price History

12/03/2024
CLAW

CLAW #24468817

Listed
$4,250,000
-0.58%
03/15/2024
CLAW

CLAW #23313079

Removed
$4,275,000
10/26/2023
CLAW

CLAW #23313079

Listed
$4,275,000

Schools & Community

Neighborhood: 

Koreatown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Banner Bank

Loan start date

November 2022

Original loan amount

$2,186,000

Est. remaining balance

Not provided

Interest rate

5.81%

Loan type

Building or Construction Loan, 30 year

Seller

Parallax Properties Llc and Xenon Investment Corp

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/25/2024 at 11:50 AM

Listing updated: 12/11/2024 at 11:40 AM

Listed by: Nick Astrupgaard, KW Commercial Studio City Phone #: (818) 432-1500

MLS: CLAW #24468817

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