Description
Presenting 1629 S. New Hampshire Ave, a 2024 constructed, five-unit multifamily income property. This modern, well-maintained building is an exceptional opportunity for investors, with all five units fully occupied, generating $237,660 in yearly income and offering a strong 6.10% pro-forma cap rate. The property features open-concept layouts, spacious bedrooms, and modern appliances throughout all five units. Designed with style and comfort in mind, the units cater to today's renters, with high-end finishes and an ideal living space. Additionally, the building boasts paid-off solar panels. Situated just minutes from Downtown Los Angeles, this location provides quick access to major freeway on-ramps including the 10, 110, and 101 Freeways, ensuring easy commutes and close proximity to LA's bustling job centers. The property is also near popular areas like Koreatown, USC, and DTLA, offering residents access to world-class dining, shopping, and entertainment options. Notable landmarks such as The Los Angeles Convention Center and Crypto Arena are all just a short drive away.With its premium location, paid-off solar panels for added energy efficiency, and a steady stream of rental income, this turnkey property offers a rare opportunity for investors seeking a stable, income-generating asset in Los Angeles. Can be purchased together with 1731 S. New Hampshire Ave. (4 units).
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19BEDS
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0.15ACRES
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0BATHS
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01/2 BATHS
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7,860SQFT
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$381$/SQFT
School Ratings & Info
Description
Presenting 1629 S. New Hampshire Ave, a 2024 constructed, five-unit multifamily income property. This modern, well-maintained building is an exceptional opportunity for investors, with all five units fully occupied, generating $237,660 in yearly income and offering a strong 6.10% pro-forma cap rate. The property features open-concept layouts, spacious bedrooms, and modern appliances throughout all five units. Designed with style and comfort in mind, the units cater to today's renters, with high-end finishes and an ideal living space. Additionally, the building boasts paid-off solar panels. Situated just minutes from Downtown Los Angeles, this location provides quick access to major freeway on-ramps including the 10, 110, and 101 Freeways, ensuring easy commutes and close proximity to LA's bustling job centers. The property is also near popular areas like Koreatown, USC, and DTLA, offering residents access to world-class dining, shopping, and entertainment options. Notable landmarks such as The Los Angeles Convention Center and Crypto Arena are all just a short drive away.With its premium location, paid-off solar panels for added energy efficiency, and a steady stream of rental income, this turnkey property offers a rare opportunity for investors seeking a stable, income-generating asset in Los Angeles. Can be purchased together with 1731 S. New Hampshire Ave. (4 units).
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-12-12T00:26:58.333. 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 deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Independent Broker Network. Licensed in the State of California, USA.