1629 S New Hampshire Avenue
Los Angeles, CA 90006
0.15 acres | #BB24139414
Description
1629 S New Hampshire is a 2024 construction, FULLY rented 5-unit located just minutes from the USC campus and Exposition Park! This is one of the best priced BRAND-NEW CONSTRUCTION 5-UNITS IN ALL OF LA. With a stabilized 5.43% cap rate, this one-of-a-kind opportunity will not last long! All units are eligible for rent increases within first months of ownership, and there are available parking spaces that can be rented to tenants. A new build with great upside- VERY RARE!
The property is made up of two enormous 5-bedroom units and three 3-bedroom units with large open floor plans and a trendy modern design and upgraded finishes. Thanks to its close proximity to the USC campus, all units rented extremely fast to A+ tenants. With $19,395 in monthly gross rent, ease of management this will be a high cash flow property for years to come! The building boasts tons of balconies, 8 garage parking spots accessed by a convenient back alley, luxury finishes, and large floorplans, these units ARE the #1 choice for high paying USC students, recent graduates and more! Every box is checked!
1629 S New Hampshire is situated just minutes from Exposition Park, a 160-acre urban park that houses the California Science Center, the BMO Stadium, the Los Angeles Memorial Coliseum, EXPO Center, the Natural History Museum, Dr. Theodore T. Alexander Jr. Charter School. Plus, it’s minutes from the countless local hotspots and conveniences in the area, including the USC Village, DTLA Arts District, and major employment hubs. Plus enjoy separate meters for all utilities and a 1-year builder’s warranty!
Property Details
- ViewCityLights
- Lot DescriptionLandscaped
- Stories3
Measurements
- Acres0.1504
Parking
- Parking Spaces8
Construction Details
- Property TypeMulti-Family
Condition
- Year Built2024
Utilities / Energy Details
- Utility FeaturesElectricityConnected, NaturalGasConnected, WaterConnected
- Sewer InformationPublicSewer
- Utility SourcePublic
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$3,249,000
- Taxes Annual$38,969
Other
- MLS #BB24139414
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Elizabeth Maddox (#BB41810)
Listing Office: Myunits.com Inc. (#BH5345657)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
