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1245 N New Hampshire Avenue 1, Los Angeles, California 90029, Los Angeles, 90029 - 3 bed, 4 bath

1245 N New Hampshire Avenue 1, Los Angeles, California 90029 home-pic-0
ACTIVE$968,700
1245 N New Hampshire Avenue 1, Los Angeles, California 90029
3Beds
4Baths
1,479Sqft
9,935Lot
Year Built
2022
Close
-
List price
$969K
Original List price
$1.03M
Price/Sqft
$655
HOA
$450
Days on market
-
Sold On
-
MLS number
OC25063225
Home ConditionExcellent
Features
Good View: City Lights
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $968.7K(71th), sqft - 1479(71th), beds - 3(86th), baths - 4(86th).

Open to lease $4500/month !**Special Offer: $968700!S655/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 1479 square feet of upgraded wood and tile flooring.(69SF 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 auto 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:$960,00; (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
08/15/25
Price Change
$968,700
03/25/25
Sold
$4,066,500
03/25/25
Listing
$1,029,000
Condition Rating
Excellent
This property was built between 2022 and 2024, making it virtually brand new. The images confirm a modern aesthetic throughout, featuring a 'gourmet kitchen' with new stainless steel appliances (refrigerator, range/oven, microwave, washer/dryer), sleek flat-panel cabinetry, and white countertops. Bathrooms are equally modern with large format marble-look tiling, glass shower enclosures, and contemporary fixtures, including a separate soaking tub in the master. The property boasts upgraded wood and tile flooring, multi-zone AC and heating, and recessed lighting, all indicative of a recently constructed, high-quality build with no signs of wear or deferred maintenance.
Pros & Cons

Pros

New Construction & Modern Features: Recently built (2022-2024) with multi-zone AC/heating, upgraded wood and tile flooring, and included appliances, ensuring contemporary comfort and low immediate maintenance.
Strategic Location & Walkability: Situated in a prime East Hollywood area, offering walking distance to several major educational institutions and close proximity to vibrant neighborhoods like Silver Lake and Hollywood attractions.
Exceptional Investment Opportunity: High potential for rental income ($5,200-$9,000/month) and the flexibility to acquire multiple units, making it highly attractive for both long-term and potential short-term rental investors.
Functional & Luxurious Layout: Boasts 3 ensuite bedrooms, 3.5 bathrooms, a dedicated office, and a master bathroom with a separate soaking tub, providing ample space and upscale amenities.
Competitive Pricing & Value: Significant price reduction from its original list price ($1.029M to $968,700) at $655/SF, offering strong value, especially when considering the included two garage spaces and city views.

Cons

High Concentration of Available Units: The presence of 9 available units within the same development could lead to increased competition for rentals or resales, potentially impacting future appreciation or rental yields.
Monthly HOA Dues: The $450 monthly HOA fee, while covering some services, adds a notable recurring cost to ownership that potential buyers must factor into their budget.
Uncertainty of Short-Term Rental Income: The higher projected rental income is contingent on a 'pending short-term rental license,' which introduces regulatory risk and uncertainty for investors relying on this income stream.

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