747 S New Hampshire Avenue, Los Angeles, CA 90005 (MLS # 26993065)

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PRICE $3,200,000 dsIDX morgage calculator
BEDS 0
BATHS 24
HOME SIZE 14,188 sqft
LOT SIZE 11,365 sqft
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747 S New Hampshire Ave is a twenty-four (24) unit apartment property consisting entirely of spacious Studio units averaging approximately 550 square feet. The property is located in the heart of Koreatown, less than 0.5 miles and a 10-minute walk from the Wilshire/Vermont Metro Station. During the current owner's 10+ year tenure, the property has been well maintained and improved. Renovated units feature copper plumbing, upgraded electrical, stainless steel appliances, new flooring, and updated kitchens. The property was re-stuccoed in 2013, all windows were replaced in 2018, and over $30,000 was spent on roof upgrades and maintenance in 2026.The investment offers an astounding 7.12% going-in cap rate and a low $133k/unit entry price point with 46.35% upside potential in the twelve (12) non-renovated units. With the proper financing, an investor can achieve a 9.20% cash-on-cash return with potential upside to an 8.71% cap rate and 13.73% cash-on-cash return. JNM Realty manages 3,500 units across Los Angeles and Orange County and is available to manage the property for an investor.

DAYS ON MARKET 22 LAST UPDATED 9/28/2026
YEAR BUILT 1921 COMMUNITY C17 - Mid-Wilshire
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AREA C17 - Mid-Wilshire
LOT 0.2609 acre(s)
LOT DIMENSIONS 11365
PARKING None
STORIES 2
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TOTAL MONTHLY PAYMENT

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Listed with JNM Realty, INC.

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This IDX solution is (c) Diverse Solutions 2026.