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1629 New Hampshire Avenue
Los Angeles, CA 90006
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 INFORMATION
| MLS # | BB24139414 | Lot Size | 6,551 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Apartment |
| Price | $ 3,199,000
Price Per SqFt: $ 407 |
DOM | 354 Days |
| Address | 1629 New Hampshire Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 7,861 Sq. Ft. |
| Postal Code | 90006 | Garage | 8 |
| County | Los Angeles | Year Built | 2024 |
| Bed / Bath | 19 / 0 | Parking | 8 |
| Built In | 2024 | Status | Active |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Dryer Included, Gas Dryer Hookup, Inside, Washer Hookup, Washer Included |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | Yes |
| Kitchen Appliances | Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator |
| Has Heating | Yes |
| Heating Information | Central |
| Room Information | Kitchen, Laundry, Living Room |
| Has Cooling | Yes |
| Cooling Information | Central Air |
| Flooring Information | Vinyl |
| EntryLocation | 1 |
| Entry Level | 1 |
| Has Spa | No |
| SpaDescription | None |
| WindowFeatures | Double Pane Windows |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $3,412
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 07/09/2024 | Listed | $3,249,000 |
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Listing provided courtesy of Elizabeth Maddox, Myunits.com Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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.
