Los Angeles, CA 90044
$745,000 sold price
Mark Quesada
Broker / Owner
DRE #02101365
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!
Interior
Construction
Lot & parking
Utilities
$650,000
Median sale price
52 days
Avg days on market
99.7% of list
Sells for
Closed sales in 90044 over the last 6 months, all home types.
Listed by Adlai Hayes, Adlai Hayes
MLS# SR26086609 · Sold
Actual closed sales from the MLS — not estimates.
History reflects records reported to the MLS and may be incomplete.
