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$ 2,885,000
Est. payment | /mo
14 Beds
13 Baths
6,551 Sqft Lot
$ 2,885,000
Est. payment | /mo
14 Beds
13 Baths
6,551 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB26206740
Bedrooms 14
Lot Size 6,551 Sqft
Property Sub-Type Res Income 2-4 Units
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 unitan 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.
Location
State CA
County Los Angeles
Zoning Builder
Direction Located on New Hampshire Ave, South of Venice Blvd.
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 3
Level or Stories 3
Others
Senior Community No
Listed by Cheyenne Womack, DRE#02064825 Myunits.com Inc.
Co-listed byLauren Cearley • Myunits.com Inc.
Co-listed byLauren Cearley • Myunits.com Inc.
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