Property Detail

311 New Hampshire

Los Angeles CA 90020

$3,795,000

Status: Active

Property Details

Description

SEE OM in DOCS section of the listing. We as the exclusive listing agent, are pleased to present the opportunity to acquire 311 S New Hampshire Ave., a sixteen-unit multifamily investment property located in the Koreatown neighborhood of Los Angeles. Investors have the opportunity to buy a stabilized investment with only two vacant units that are rent-ready for lease up. Because the building was constructed in 1989, the property is exempt from the Los Angeles Rent Stabilization Ordinance and is governed instead by the statewide cap under AB 1482. Property Description: 311 S New Hampshire Ave. is a sixteen-unit multifamily property located in the Koreatown neighborhood of Los Angeles, near 3rd Street and Vermont Avenue. Built in 1989, the property is arranged as a single 11,792 square-foot building on a 9,015 square-foot LAC2-zoned lot. UNIT DETAILS Unit features include large bedrooms, large full bathrooms, large kitchens, separate spacious living room areas and ample closet and storage space. Many of the units feature vaulted ceilings and have updated kitchens, bathrooms and flooring. Due to ample available space, investors can explore the possibility of adding washer/dryers in each unit. COMMON AREA DETAILS The property has secured gated access with an intercom system. There is a laundry room on site for tenant use. All units are separately metered for electricity and gas and have their own individual water heaters and the landlord pays for water and trash. Gated access parking at street level is provided on site and is more than adequate for the number of units. Chargie EV chargers are also available in the parking area as an attractive amenity for tenants. Investment Highlights: EXEMPT FROM THE LA RSO 1989 construction places the property under CA State AB 1482 currently allowing more favorable 8.7% annual increases HIGH IN-PLACE CAP RATE 7.14% cap rate upon lease up of vacant rent-ready units 103 and 202 at market rents BALANCED UNIT MIX Eight 1Bed+1Bath and eight 2Bed+2Bath units averaging 737square feet across 11,792 square feet of building area. ADDITIONAL INCOME STREAMS Parking, laundry and RUBS income add an estimated $45,880 per year to rental income. SUPERIOR IN-PLACE RETURN TO COMPARABLES The offering prices to a 7.14%in-place cap and 8.75 GRM against a comparable average of 5.66% and 11.12, and to$237,188 per unit against a $255,516 average. RENTAL UPSIDE In-place rents sit $4,087 per month, or 12.6%, below market, supporting an 8.04% pro forma cap rate. PRIME KOREATOWN LOCATION Near 3rd Street and Vermont Avenue, minutes from the Wilshire Boulevard corridor, the Metro B and D Lines at Wilshire/Vermont and Downtown Los Angeles.

Map Location

Listing provided courtesy of Josh Kaplan of Equity Union. Last updated 2026-11-09 09:10:57.000000. Listing information © 2025 CRMLS.

Ever Eternity

Ever Eternity

CA DRE# 01794748

1111 Prospect St, Suite 100 La Jolla,
​​​​​​​CA 92037

858.688.4113

Contact Me
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Welcome

Meet Ever

Ever Eternity is Your Local Real
Estate Professional

Whether it's your first townhouse, vacation property or coastal dream home, I will work to find the property that's best for you. I am able to anticipate and fulfill each of my clients needs, in order to find the perfect home for them and their family. I am here to work with you, to find the best fit for you, and am excited for the opportunity.

People choose to work with me for my full service expertise, experience and ethics. My base of loyal customers is the reason I am successful in this competitive sales market.

​My attention to detail allows me to find dream homes for buyers, and build thorough home marketing plans for my sellers. I have great pride in my negotiation skills and believe in transparency and full disclosure throughout each deal. I value open communication with my clients and welcome questions from start to close.

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"My Mom passed away 1/31/21 needless to say it was a very difficult time for me. I needed help selling my mothers home. I reached out to Ever and he stepped up big! From the beginning he was a true professional great communication skills, great attitude, always made time for me and answered any questions I had. He showed compassion for my situation and went above and beyond to make things as easy as possible for me. Go with Ever you won’t regret it!"

"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

"Ever was simply excellent. He is thorough, approachable and very knowledgable of the house buying process. We appreciated his manner and help throughout our purchase process - he never made us feel pressured to select a house and helped us find a perfect match. He was especially helpful when we needed to juggle urgent travel during the Escrow process, helping us set up power of attorney. We would recommend Ever to any type of buyer and will certainly use him for any future real estate needs that we have."

"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

"My Mom passed away 1/31/21 needless to say it was a very difficult time for me. I needed help selling my mothers home. I reached out to Ever and he stepped up big! From the beginning he was a true professional great communication skills, great attitude, always made time for me and answered any questions I had. He showed compassion for my situation and went above and beyond to make things as easy as possible for me. Go with Ever you won’t regret it!"

"Ever has been my agent through two purchases and one sale. He has a keen sence of the market and knows how best to price and time sales and purchases. He makes sure to get the job done and places the most importance on making his satisfying his clients wishes to the best of his ability. He works well with escrow, property managers, and whomever he needs to speak with."

"Working with Ever was a joy. We had a number of unexpected challenges during the process of selling our house and Ever was consistently there to help, guide, and support us. He was always available for consultation and never lost sight of the immediate issues nor the long term goals. Ever was an exemplary professional in every way and I would highly recommend him."

"Working with Ever was a great experience. Selling our Mom's house was emotionally difficult for us. Ever guided us thru the process and made it smooth and easy as possible for us. He responded to all of our questions with professionalism and knowledge. He kept us informed of every action during the sale. We trusted his advice and insights and he delivered on everything he said. The sale was quick and smooth and we couldn't be happier. We highly recommend Ever. He definitely knows his business."

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