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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.
Property Type(s):
Residential Income
| Last Updated | 2/16/2026 | Year Built | 1958 |
|---|---|---|---|
| Community | C20 - Hollywood | Garage Spaces | 24.0 |
| County | Los Angeles |
Additional Details
| AIR | Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Oven, Gas Range, Refrigerator |
| AREA | C20 - Hollywood |
| EXTERIOR | Balcony |
| GARAGE | Yes |
| HEAT | Natural Gas, Wall Furnace |
| INTERIOR | Ceiling Fan(s), Laminate Counters, Storage |
| LOT | 9932 sq ft |
| LOT DIMENSIONS | 9931 |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| UTILITIES | Cable Available, Natural Gas Connected, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights, Neighborhood |
| WATER | Public |
Location
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The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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