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1245 N New Hampshire Avenue 5, Los Angeles, California 90029, Los Angeles, 90029 - 3 bed, 4 bath

1245 N New Hampshire Avenue 5, Los Angeles, California 90029 home-pic-0
ACTIVE$980,000
1245 N New Hampshire Avenue 5, Los Angeles, California 90029
3Beds
4Baths
1,320Sqft
9,935Lot
Year Built
2022
Close
-
List price
$980K
Original List price
$980K
Price/Sqft
$742
HOA
$450
Days on market
-
Sold On
-
MLS number
OC25064026
Home ConditionExcellent
Features
Good View: City Lights
Deck
Patio
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $980.0K(67th), sqft - 1320(67th), beds - 3(83th), baths - 4(83th).

Open to lease !$4900/month! This property for sell asking a price of $980,000! $655/SF! This modern gated condo, built between 2022 and 2024, features independent ownership and includes two garage spaces for added convenience. Located in a prime area of East Hollywood, it is within walking distance of City College, Los Angeles Film School, Southwestern Law School, and Musicians Institute. The condo includes 3 ensuite bedrooms, 3.5 bathrooms, an office, a breakfast bar, a dining area, and a living room. The master bedroom features a tiled shower and a separate soaking tub. The kitchen has a range/oven, dishwasher, microwave, and washer/dryer, all within 1382 square feet of upgraded wood and tile flooring. (54SF Balcony). Additional amenities include multi-zone AC and heating for year-round comfort. HOA dues are $450 per month, covering insurance and trash. Residents can enjoy community BBQs, yard access, and an automatic driveway gate. Situated in one of the coolest neighborhoods, this property is known for its diverse dining options and proximity to attractions like Silver Lake, Los Feliz, Hollywood Boulevard, Griffith Observatory, Getty Center, and Melrose Hill. This condo is an excellent place to live or rent out for investment, with a potential rental income of $5,200 to $9,000(pending short-term rental license) per month per unit. There are 9 units available, which can be purchased individually or together. unit1:$1,035,000;(3B3.5BA,1479SF) unit2:$960,000; (2B/2.5BA,1324SF) unit3:$980,000; (3B/2.5BA,1366SF) unit4,$1,080,000; (3B/3.5BA,1382SF) unit5:980,000; (3B/3.5BA,1382SF) unit6:1,020,000; (3B/3.5B,1460SF) unit7:1,020,000; (3B/3.5BA,1460SF) unit 8:1,080,000; (3B/3.5BA,1535SF) units 9:1,080,000; (3B/3.5BA,1535SF) 9 units asking price $9M!

Nearby schools

/10
Lexington Avenue Primary Center
Public,•K-2•0.3mi
3/10
Ramona Elementary School
Public,•K-6•0.4mi
4/10
Lockwood Avenue Elementary School
Public,•K-6•0.5mi
5/10
Kingsley Elementary School
Public,•K-5•0.5mi
7/10
Los Feliz STEMM Magnet
Public,•K-6•0.5mi
6/10
Dayton Heights Elementary School
Public,•K-5•0.9mi
4/10
Grant Elementary School
Public,•K-6•1.2mi
4/10
Alexandria Avenue Elementary School
Public,•K-5•1.2mi
3/10
Harvard Elementary School
Public,•K-5•1.4mi
7/10
Dr. Sammy Lee Medical And Health Science Magnet Elementary
Public,•K-5•1.5mi
4/10
Frank Del Olmo Elementary School
Public,•K-6•1.5mi
6/10
Van Ness Avenue Elementary School
Public,•K-5•1.6mi
5/10
Cahuenga Elementary School
Public,•K-5•1.8mi
6/10
Charles H. Kim Elementary School
Public,•K-5•1.9mi
6/10
Thomas Starr King Middle School
Public,•6-8•0.7mi
3/10
Joseph Le Conte Middle School
Public,•6-8•1.4mi
5/10
Virgil Middle School
Public,•6-8•1.4mi
4/10
Young Oak Kim Academy
Public,•6-8•2.2mi
7/10
John Burroughs Middle School
Public,•6-8•3.3mi
4/10
Helen Bernstein High School
Public,•9-12•1.1mi
8/10
John Marshall Senior High School
Public,•9-12•1.3mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•2.4mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•2.4mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•2.4mi
6/10
Hollywood Senior High School
Public,•9-12•2.6mi
3/10
Belmont Senior High School
Public,•9-12•2.9mi
7/10
Fairfax Senior High School
Public,•9-12•3.9mi

Price History

Date
Event
Price
03/25/25
Sold
$4,066,500
03/25/25
Listing
$980,000
Condition Rating
Excellent
This property was built between 2022 and 2024, making it virtually brand new. The images showcase a modern, high-end interior with a gourmet kitchen featuring stainless steel appliances, sleek cabinetry, and quartz countertops. Bathrooms are equally impressive with contemporary fixtures, marble-look tiling, and a separate soaking tub in the master. Upgraded wood and tile flooring, multi-zone AC/heating, and recessed lighting throughout confirm that all components are new and meet current quality standards, with no deferred maintenance.
Pros & Cons

Pros

New Construction & Modern Features: Built between 2022 and 2024, this modern condo boasts multi-zone AC/heating, upgraded wood and tile flooring, and includes essential appliances, offering contemporary living.
Prime Location & Walkability: Situated in a prime East Hollywood area, it's within walking distance to several educational institutions (City College, LA Film School, Southwestern Law, Musicians Institute) and close to popular neighborhoods like Silver Lake and Los Feliz.
Strong Investment Potential: Explicitly marketed as an excellent investment, with a high potential rental income of $5,200 to $9,000 per month (pending short-term rental license) and the option to purchase multiple units.
Desirable Layout & Amenities: Features 3 ensuite bedrooms, 3.5 bathrooms, a dedicated office, a breakfast bar, and two convenient garage spaces, enhancing livability and appeal.
Security & Community Features: Part of a modern gated condo community with an automatic driveway gate, offering enhanced security, along with community amenities like BBQs and yard access.

Cons

Short-Term Rental License Contingency: The high potential rental income is contingent on obtaining a short-term rental license, which can be challenging or restricted in Los Angeles, impacting investment strategy.
High HOA Dues: The monthly HOA dues of $450, while covering insurance and trash, represent a significant ongoing cost that buyers must factor into their budget.
Limited Private Outdoor Space: While there is a 54 sqft balcony, the private outdoor space is relatively small, which might be a consideration for buyers desiring more expansive personal outdoor areas.

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