1244 N New Hampshire Avenue is an 8-unit value-add opportunity located in East Hollywood (90029). The property offers investors a unique and rare opportunity to add value through common area enhancements and unit interior upgrades as units turn over. Current rents are dramatically below market metrics for nearly all 8 units. The offering consists of Six (6) One Bedroom - One Bath, One (1) Two Bedroom - One Bath and One (1) Studio apartment home. The lot runs from street-to-alley and comprises a total of +/- 7,480 square feet. There are five (5) parking garages located at the rear of the property and accessed through the alley. Both Electrical and Gas utilities are separately metered. Centrally located in Hollywood, just south of Fountain Avenue and wet of Vermont Avenue, 1244 N. New Hampshire is poised to capitalize on the tremendous momentum in the Hollywood-Silver Lake submarket.
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