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11100 S, New Hampshire Los Angeles, CA 90044
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Key Details
Sold Price $745,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,550 sqft
Price per Sqft $292
MLS Listing ID SR26086609
Bedrooms 6
Full Baths 4
Year Built 1958
Lot Size 6,507 Sqft
Property Sub-Type Quadruplex
Property Description
Back on the Market! Presenting Project NH11, a premier strategic value-add opportunity in the rapidly appreciating 90044 corridor. This 4-unit asset is delivered 75% vacant (3 out of 4 units empty at close), allowing an investor to bypass tenant buyouts and immediately execute a modernization plan. The property features a rare and high-demand unit mix consisting of one 3-Bedroom/1-Bath flagship unit and three 1-Bedroom/1-Bath units.
The investment blueprint includes a dedicated $90,000 renovation allocation, headlined by a $30,000 Phase I Electrical Infrastructure Upgrade to a full 400A main panel with separate meters. This infrastructure-first approach future-proofs the asset for high-efficiency appliances and mini-split HVAC systems while shifting utility costs to tenants.
With a projected stabilized monthly gross income of $8,650, Project NH11 offers a massive 12.8% pro-forma Cash-on-Cash return and a stabilized 8.61% CAP rate on total basis. Transform this distressed property into a Class-A boutique residence and capture significant forced equity. One unit currently occupied at $950/mo. Sold as-is. Don't miss the cleanest value-add play on the market!
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Interior
Cooling None
Fireplaces Type None
Laundry None
Exterior
Pool None
Community Features Curbs, Sidewalks
View Y/N No
View None
Building
Lot Description 0-1 Unit/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Los Angeles Unified
Others
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard
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Bought with Claudia Rosas Keller Williams Real Estate Services
NEARBY SCHOOLS & BUSINESSES
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