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… Read More 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). Read Less
Courtesy of Power Brokers 424-738-5900
Listing Snapshot
Days Online
22
Last Updated
Property Type
Other
Beds
19
Square Ft.
7,860
Lot Size
0.15 Acres
Year Built
2024
MLS Number
25615449
30 Days Snapshot Of 90006
$595k
+16%
(avg) sold price
7
+16%
homes sold
50
-27%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Solar Panels, Washer
Building
7,860 sq ft, Built in 2024, Levels: Multi/Split, Three Or More
Cooling
Central
Disclosures
Building Permit, Building Plans Available, Owner Has R.E. License, Owner Is Listing Agent
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