1629 S New Hampshire Avenue, Los Angeles, CA 90006
- $2,885,000
- List Price
- $2,885,000
- Status
- ACTIVE
- MLS#
- BB26206740
- Year Built
- 2023
- Lot Size
- 6,551
- Acres
- 0.15
- Lot Location
- Landscaped, Level, Street Level
- Days on Market
- 1
- Property Type
- Multifamily
- Style
- Modern
- Property Sub Type
- Quadruplex
- Stories
- Three Or More Levels
Property Description
1629 S New Hampshire Ave is a 2023 new construction, non-rent-controlled 5-unit property located just minutes from USC. Delivered 100% leased at market rents and offering a REAL 6.29% cap rate, New Hampshire provides immediate cash flow from day one in a high-demand central Los Angeles rental market. Spanning an impressive 7,861 square feet across two modern buildings, the property features three spacious 3-bedroom residences and two massive 5-bedroom/5-bathroom residences. Each unit offers large, open floorplans, sleek kitchens and bathrooms, central HVAC, in-unit laundry, private balconies, and modern finishes throughout. Eight on-site parking spaces conveniently accessed from the rear alley further enhance tenant appeal. All units are separately metered for gas, electric, AND water, helping keep operating expenses exceptionally low and making this a truly turnkey, low-maintenance investment. Offered at $2,885,000, the property trades at just $367 per square foot and $577,000 per unit—an attractive basis for nearly 7,900 square feet of newer construction. Ideally positioned near USC, Downtown LA, and Koreatown, residents enjoy convenient access to major employment, education, dining, and entertainment hubs, as well as the 10 and 110 freeways. With its strong current yield, oversized units, low operating expenses, and high-quality construction, 1629 S New Hampshire offers a rare opportunity to acquire a fully stabilized newer construction asset in central Los Angeles.
/u.realgeeks.media/jujuanvideau4realtor/CB_Envision#2.jpg)
Additional Information
- Appliances
- Dishwasher, Freezer, Disposal, Gas Range, Ice Maker, Microwave, Refrigerator, Dryer, Washer
- Pool Description
- None
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- Neighborhood
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Balcony, Open Floorplan, Recessed Lighting
- Attached Structure
- Attached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $233,988
- Operating Expense
- 43173
Listing courtesy of Listing Agent: Cheyenne Womack (cheyenne@myunits.com) from Listing Office: Myunits.com Inc..
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.