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Travis Breton

travisbreton@gmail.com +1(760) 470-2752

$ 770,000

Est. payment | -/mo

6 Beds

4 Baths

2,550 SqFt

Save

$ 770,000

Est. payment | -/mo

Save

6 Beds

4 Baths

2,550 SqFt

Open House

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

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

Listed by Adlai Hayes, DRE#01103799 Adlai Hayes

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA, 92008, USA

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11100 S, New Hampshire Los Angeles, CA 90044