Los Angeles, CA 90006,1629 S New Hampshire AVE
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Los Angeles, CA 90006,1629 S New Hampshire AVE
Los Angeles, CA 90006,1629 S New Hampshire AVE
Los Angeles, CA 90006,1629 S New Hampshire AVE
Los Angeles, CA 90006,1629 S New Hampshire AVE
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$ 3,199,000
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1629 S New Hampshire AVE Los Angeles, CA 90006

6,551 Sqft Lot


UPDATED:

09/30/2024 06:21 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB24139414

Construction Status Turnkey

HOA Y/N No

Year Built 2024

Annual Tax Amount $38,969

Lot Size 6,551 Sqft

Property 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!

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LARD1.5

Interior

Heating Central

Cooling Central Air

Flooring Vinyl

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator, Dryer, Washer

Laundry Washer Hookup, Gas Dryer Hookup, Inside

Exterior

Garage Assigned, Garage

Garage Spaces 8.0

Garage Description 8.0

Pool None

Community Features Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Water Connected

View Y/N Yes

View City Lights

Parking Type Assigned, Garage

Total Parking Spaces 8

Private Pool No

Building

Lot Description Landscaped

Story 3

Entry Level One,Two,Three Or More

Sewer Public Sewer

Water Public

Architectural Style Modern

Level or Stories One, Two, Three Or More

New Construction Yes

Construction Status Turnkey

Others

Senior Community No

Tax ID 5075018026

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

Lease Land No


California Regional MLS (CRMLS)
Listed by Elizabeth Maddox • Myunits.com Inc. • 818-850-8485

Kyle Andrade

Realtor | Listing Specialist | 02136739 | License ID: 02136739

+1(951) 240-8338

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1629 S New Hampshire AVE