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747 S New Hampshire Ave 24 Unit Apartment Building $4,916,522 CAD ($204,855 CAD/Unit) 6% Cap Rate Los Angeles, CA 90005
Investment Highlights
- High-End Unit Renovations
- Prime Koreatown Location
- Walkable to Wilshire/Vermont Metro Station
- 16% Loss-to-Lease
- Amenity Rich with Walkscore of 96
- Classic 1920's Wood Frame & Stucco
Executive Summary
Prime Koreatown Location: In the heart of Wilshire Center–Koreatown — one of LA's densest, highest-
demand rental submarkets, minutes from Downtown and Hollywood.
16% Loss-to-Lease: Current rents average $1,380/unit vs. market $1,595 — $5,159 in monthly upside.
Walker's Paradise · Walk Score 96: A Walk Score of 96 means daily errands require no car — the 3rd
most walkable neighborhood in Los Angeles.
Amenities at the Doorstep: Exceptional walkable access to dining, groceries, shopping and nightlife —
three shopping centers sit within ~0.2 miles (˜ 3-minute walk).
Koreatown Core Location: The Purple and Red Metro Lines at Wilshire/Vermont are within ~0.4 mile,
plus quick access to the 101, 110, 10 and 5 freeways.
High-End Unit Renovations: Reimagined interiors blending 1920s character with modern finishes —
designer kitchens with new appliances, updated baths, and hardwood floors — driving premium,
defensible rents.
Below-Replacement-Cost Basis: At $235/SF, pricing sits meaningfully below new-construction costs
in a submarket with 2,200+ units underway.
Classic 1920s Construction, LAR4 Zoning: Wood-frame and stucco construction on an 11,362-SF
LAR4-zoned lot, adding long-term development optionality.
demand rental submarkets, minutes from Downtown and Hollywood.
16% Loss-to-Lease: Current rents average $1,380/unit vs. market $1,595 — $5,159 in monthly upside.
Walker's Paradise · Walk Score 96: A Walk Score of 96 means daily errands require no car — the 3rd
most walkable neighborhood in Los Angeles.
Amenities at the Doorstep: Exceptional walkable access to dining, groceries, shopping and nightlife —
three shopping centers sit within ~0.2 miles (˜ 3-minute walk).
Koreatown Core Location: The Purple and Red Metro Lines at Wilshire/Vermont are within ~0.4 mile,
plus quick access to the 101, 110, 10 and 5 freeways.
High-End Unit Renovations: Reimagined interiors blending 1920s character with modern finishes —
designer kitchens with new appliances, updated baths, and hardwood floors — driving premium,
defensible rents.
Below-Replacement-Cost Basis: At $235/SF, pricing sits meaningfully below new-construction costs
in a submarket with 2,200+ units underway.
Classic 1920s Construction, LAR4 Zoning: Wood-frame and stucco construction on an 11,362-SF
LAR4-zoned lot, adding long-term development optionality.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$559,105
|
$39.41
|
| Other Income |
$16,682
|
$1.18
|
| Vacancy Loss |
$17,273
|
$1.22
|
| Effective Gross Income |
$558,514
|
$39.37
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$263,756
|
$18.59
|
| Net Operating Income |
$294,758
|
$20.78
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $559,105 |
| Annual Per SF | $39.41 |
| Other Income (CAD) | |
|---|---|
| Annual | $16,682 |
| Annual Per SF | $1.18 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $17,273 |
| Annual Per SF | $1.22 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $558,514 |
| Annual Per SF | $39.37 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $263,756 |
| Annual Per SF | $18.59 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $294,758 |
| Annual Per SF | $20.78 |
Property Facts
| Price | $4,916,522 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $204,855 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 6% | Building Size | 14,188 SF |
| Gross Rent Multiplier | 8.79 | No. Stories | 2 |
| No. Units | 24 | Year Built/Renovated | 1921/2018 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | LAR4 - Multi-Family Residential | ||
| Price | $4,916,522 CAD |
| Price Per Unit | $204,855 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| Gross Rent Multiplier | 8.79 |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 14,188 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1921/2018 |
| Opportunity Zone |
Yes |
| Zoning | LAR4 - Multi-Family Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 24 | - | 500 |
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5094-010-007 | Improvements Assessment | $841,925 CAD |
| Land Assessment | $3,367,725 CAD | Total Assessment | $4,209,650 CAD |
Property Taxes
Parcel Number
5094-010-007
Land Assessment
$3,367,725 CAD
Improvements Assessment
$841,925 CAD
Total Assessment
$4,209,650 CAD
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747 S New Hampshire Ave
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