144 N. New Hampshire Ave

20-Unit Value-Add Opportunity in KTown

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Property

The Asset

Units

Year Built

Lot SF

Gross Sf

APN

Zoning

Summary

20

1924

7,245

9,102

5518-032-002

LAR4

 

SNAPSHOT

Value-Add Upgrade Potential

Transit

Oriented

Strong Area

Employment

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Overview

Value-Add Unit Upgrade Potential

The asset has the potential to achieve significant future rental income growth through unit upgrades and enhancements since most units are rented at below current market rates.

Value-Add Building Enhancement Potential

The asset has the potential to heighten resident retention through common area enhancements within the entry, hallways and stairwells which will provide additional steps toward building a higher lineament of resident.

Well Located

Koreatown / Wilshire Center is a regional commercial center that is approximately 100 acres in size and includes over 37 million square feet of building area.  Its population density is the highest in Los Angeles County with over 42,600 residents per square mile.

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RICH JOHNS

KW Commercial - Multifamily Advisor

818.432.1575

Richjohns@kw.com

CalBRE Lic#01432215

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NICK ASTRUPGAARD

KW Commercial - Multifamily Advisor

818.432.1580

nastrupgaard@kw.com

CalBRE Lic #01893466

 
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