Positioned in the heart of East Hollywood, 1233 N New Hampshire Ave, Los Angeles presents a rare 16 unit value add investment opportunity in one of the city’s most dynamic and sought after multifamily submarkets. Built in 1958, the property offers a desirable unit mix of three studios (studio x 3), twelve one bedrooms (1 bed x 12), and one two bedroom (2 bed x 1), with the majority of units currently leased at below market rents, creating significant upside potential through strategic interior renovations and improved management. Amenities include 24 on site parking spaces and a convenient laundry facility, enhancing tenant appeal and long term stability. Ideally located near Fountain Avenue and just moments from Kaiser Permanente, Hollywood Presbyterian Medical Center, and Children’s Hospital Los Angeles, the property benefits from strong rental demand driven by proximity to major employment centers, public transit, and a vibrant mix of dining, shopping, and entertainment in Hollywood, Los Feliz, Silver Lake, Koreatown, and Downtown LA. This is an exceptional opportunity to acquire a well located asset with immediate income and compelling growth potential in the thriving Los Angeles rental market.
Sold for $1,450,000
Zillow last checked:
Listing updated:
Bought with:
Edward Chen, DRE #01758593
Real Brokerage Technologies
Source: CRMLS,MLS#: WS26035202
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSPrice history
| Date | Event | Price |
|---|---|---|
| 7/2/2026 | Sold | $1,450,000-57.1%$145/sqft |
Source:  CRMLS #WS26035202 Report a problem | ||
| 2/17/2026 | Listed for sale | $3,380,000+9%$338/sqft |
Source: CRMLS #WS26035202 Report a problem | ||
| 12/22/2022 | Listing removed | -- |
Source:  CLAW #22-195273 Report a problem | ||
| 9/6/2022 | Listed for sale | $3,100,000-22.4%$310/sqft |
Source: CLAW #22-195273 Report a problem | ||
| 2/6/2020 | Listing removed | $3,995,000$399/sqft |
Source: Compass #19530164 Report a problem | ||
| 11/14/2019 | Listed for sale | $3,995,000$399/sqft |
Source: Compass #19-530164 Report a problem | ||
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Estimated market value
$1,450,000
