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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 Type(s):
Residential Income
| Last Updated | 9/11/2024 | Year Built | 2024 |
|---|---|---|---|
| Community | Mid Los Angeles | Garage Spaces | 8.0 |
| County | Los Angeles |
Price History
| Prior to Sep 11, '24 | $3,249,000 |
|---|---|
| Sep 11, '24 - Today | $3,199,000 |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Dryer, Gas Oven, Gas Range, Microwave, Refrigerator, Washer |
| AREA | Mid Los Angeles |
| GARAGE | Assigned, Garage, Yes |
| HEAT | Central |
| HOA DUES | 0 |
| LOT | 6551 sq ft |
| LOT DESCRIPTION | Landscaped |
| PARKING | Assigned,Garage |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Modern |
| TAXES | 38969 |
| UTILITIES | Electricity Connected,Natural Gas Connected,Water Connected, Electric: Standard |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights |
| WATER | Public |
| ZONING | LARD1.5 |
Location
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