$ 2,699,000
-
$2,699,000
Price -
19
Bed -
18
Bath -
7,861
SqFt -
0.15
Acre
NEW! Buy and sell safely with virtual options - Learn More
About the Listing BH5345657 - BB42064,BB42774
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 6.64% 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 $2,699,000, the property trades at just $343 per square foot and $539,800 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.
Listing Highlights for 1629 S New Hampshire Ave
Interior Details
- Bedrooms: 19
- Bathrooms: 18 Full
- Appliances: Dishwasher, Freezer, Disposal, Gas Range, Ice Maker, Microwave, Refrigerator, Dryer, Washer
- Air Cond: Central Air
- Heating: Central
- Fireplaces:
- Floor: Tile,Vinyl
- Basement:
- Other: Balcony,Open Floorplan,Recessed Lighting
- Water: Public
Exterior Details
- Lot Description: Landscaped,Level,Street Level,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Roof:
- Others: Turnkey,2+ Total Units
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
1629 S New Hampshire Ave Los Angeles, CA 90006
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
