
Los Angeles, California 90004
This Multi-Unit Residential Asset represents a Strong Value Opportunity, listed at $1,995,000—positioned well below the $2,107,399 Fair Market Value by 5%. This valuation gap offers $112,399 in Instant Equity. Featuring a Mint Condition Rating with recent renovations and R3-1 Zoning, the property includes a 5-bedroom main house and three income-generating studios. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, high-yield property in a central Los Angeles location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 323 N New Hampshire Subject 5 bd · 5 ba · 2,973 sqft · $709 | $1,995,000* List Price | 5 | 5 | 2,973 | $709 | - |
A 119 S Hobart Boulevard Sold 5 bd · 4 ba · 2,625 sqft · $610 · 0.8 mi | $1,600,000 | 5 | 4 | 2,625 | $610 | 0.8 mi |
B 542 N Commonwealth Active 3 bd · 3 ba · 2,847 sqft · $548 · 0.5 mi | $1,560,000 List Price | 3 | 3 | 2,847 | $548 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive recent renovation including a fully remodeled modern kitchen with stainless steel appliances, updated bathrooms, new flooring, and fresh paint. Major systems have been addressed with a new roof and upgraded electrical panel, meeting the criteria for mint condition with no immediate maintenance required.
The property features a large 5-bedroom main house plus three separate studio units with individual meters, all delivered vacant, offering exceptional rental income or multi-generational living opportunities.
Recent renovations including a new roof, upgraded electrical panel, remodeled kitchens and bathrooms, and new flooring ensure the home is move-in ready with significantly reduced immediate maintenance costs.
Situated on a generous 7,809 sq. ft. lot zoned R3-1, the property offers significant long-term value and development potential in a high-demand, central Los Angeles submarket.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2973, other record living area = 3789. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 8.
Public records for the year built and square footage may not align with the current structure, requiring the buyer to perform extensive due diligence regarding permits and legal unit counts.
While the listing notes a view, it is characterized as 'Peek-A-Boo,' suggesting obstructed or minimal sightlines that may not provide the premium value typically associated with view properties.
Welcome to 323 N. New Hampshire Ave., a beautifully renovated and thoughtfully updated property offering space, comfort, and exceptional potential. This special property has been cherished by the same family and has been off the market since the 1960s. The main home features 5 bedrooms, 5 bathrooms and 2973 sq ft. of living space. Along with three separate studio units, (2)-320 sq. ft. and (1)-309 sq. ft. with kitchen and bath, providing wonderful options for extended family, guests, or rental income. The property sits on a 7,809 sq. ft. lot and is zoned R3-1. Public records show the home as built in 1954; buyer to independently verify year built, square footage, zoning, permits, and all other property information. Recent improvements include a new roof, upgraded main electrical panel, earthquake shut-off valve, new flooring, remodeled kitchen and bathrooms, interior and exterior paint, retrofitting, new front wood fence, and two brand-new garage doors. There are five parking spaces, and the main home and all three studios each have separate electrical and gas meters. The property will be delivered completely vacant, offering the new owner a wonderful opportunity to make it their own. A truly special property with a unique history, thoughtful updates, and room to create the future you envision. Buyer to conduct their own due diligence regarding all property details, permits, zoning, and rental potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 5.0 | 2.0 |
| Square foot | 2,973 | 1,670.836 |
| Lot Size | 7,809 | 6,152.156 |
| Price | $2.00M | $1.34M |
| Price per sq ft | $671 | $807 |
| Built year | 1954 | 1941 |
| HOA | $0 | $238 |
| Days on market | 31 | 56 |
Oct 9, 2026
$1,995,000
Initial Listing