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Jerrod Waller

jwaller@sdrealtyco.com +1(858) 822-8634

$770,000

Est. payment - /mo

6 Beds

4 Baths

2,550 SqFt

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Open House

Thu May 21, 12:00pm - 3:00am

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Key Details

Property Type Condo

Sub Type All Other Attached

Listing Status Active

Purchase Type For Sale

Square Footage 2,550 sqft

Price per Sqft $301

MLS Listing ID SR26086609

Bedrooms 6

Full Baths 4

Year Built 1958

Lot Size 6,508 Sqft

Property Sub-Type All Other Attached

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

Direction From the 110 Freeway (Harbor Fwy): Exit at Imperial Highway and head West. Continue for approximately 1 mile to New Hampshire Avenue. Turn South (Left) onto New Hampshire Avenue. The property, 11100 S. New Hampshire Ave, will be on your Right (We

Interior

Fireplace No

Exterior

View Y/N Yes

Water Access Desc Public

Building

Story 1

Sewer Public Sewer

Water Public

Level or Stories 1

Others

Senior Community No

Tax ID 6076023014

Acceptable Financing Exchange

Listing Terms Exchange

Special Listing Condition Standard

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Listed by Adlai Hayes, DRE#01103799 Adlai Hayes

NEARBY SCHOOL & BUSINESS

“If you're looking for a dedicated and knowledgeable real estate professional who will go above and beyond to help you achieve your goals, I'm here to serve you. Contact me today to learn more about how he can assist you with all your real estate needs.”

+1(858) 822-8634

jwaller@sdrealtyco.com

3555 5th Avenue 3rd Floor, San Diego, CA 92103

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11100 S, New Hampshire Los Angeles, CA 90044