1186 N New Hampshire Ave 6 Unit Apartment Building $2,767,616 CAD ($461,269 CAD/Unit) 4.66% Cap Rate Los Angeles, CA 90029

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.