1329 S New Hampshire Ave, Los Angeles, CA 90006

4-Plex in Pico Union at $189/SF with 90% Upside

Property Highlights

Quadruplex built in 1912
Charming Craftsman style architecture
All large 1+1 units, average just under 1,000 SqFt each
Very low price per square foot of $189/SF
Long term low-paying tenants; 90% upside on rents
First time on market in 58 years!
Large 6,285 SqFt Lot zoned LARD1.5
Property was earthquake retrofitted in 2009 with 15-year warranty on the work included
Very low expense load property
Offered at attractive 5% Cap Rate and 13.62 GRM
Pico Union neighborhood near Downtown LA, Koreatown, and USC
Perfect owner-occupier opportunity

The Opportunity

The Glaser Group is pleased to present 1329 S New Hampshire Ave, a charming quadruplex located in the dynamic Pico-Union neighborhood of Los Angeles. This is a rare opportunity to acquire a well-priced value add investment property that has not been on the market in 58 years! Built in 1912, this Craftsman-style building exudes classic architectural charm and sits on a spacious 6,285 square foot lot, zoned LARD1.5. The property consists of four generously sized 1-bedroom/1-bath units, each averaging just under 1,000 square feet. With a remarkably low price per square foot of $189/SF, this offering represents an exceptional value in today’s market.

The property features all long-term tenants, presenting a significant opportunity for rental income growth with 90% upside on current rents. Additionally, the quadruplex benefits from a very low expense load, further enhancing its investment appeal. The building underwent earthquake retrofitting in 2009, complete with a 15-year warranty.

1329 S New Hampshire Blvd is offered at an attractive 5.06% cap rate and a 13.62 GRM, making it an excellent choice for investors seeking strong returns. Its location in the Pico-Union neighborhood provides convenient access to Downtown LA, Koreatown, and USC, offering a blend of urban vibrancy and residential comfort. With its unique architecture, substantial upside potential, and prime location, 1329 S New Hampshire Blvd is a compelling addition to any real estate portfolio.