1629 South New Hampshire Avenue

Los Angeles, CA 90006

$3,199,000
Price
19
Beds
18
Baths
7,861 Sq. Ft.
$407 / Sq. Ft.
7,861
Sq. Ft.
$407
per Sq. Ft.

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...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!
  1. Listed by Elizabeth Maddox • DRE #01921425 • Brokerage DRE #02230850 • Myunits.com Inc. • 818-850-8485
  2. Listed by Isaac Davidi • DRE #01819489 • Brokerage DRE #01819489 • On Track Property

Property Details for 1629 South New Hampshire Avenue

Architectural Style
Modern
View
City Lights
Parking Spaces Total
8
Private Pool
No
Cooling Type
Central Forced Air
Total Units
5.0
Building Type
Detached
Lot Size Source
Assessor
LISTING UPDATED: 09/11/2024 03:04 AM

Property Details for 1629 South New Hampshire Avenue

StatusActive
MLS #BB24139414
Days on Market137
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2024
CountyLos Angeles County

Building Information for 1629 South New Hampshire Avenue

Building/Complex1629 S New Hampshire AveFloor-Stories3Residences-Pet Policy-Year Built2024Building Size-

Property Information for 1629 South New Hampshire Avenue

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $232,740
  • Gross Scheduled Income: $232,740
  • Vacancy Allowance: 9310
  • Vacancy Allowance Rate: 4
  • Gross Operating Income: $223,430
  • Net Operating Income: $173,787
  • Gross Multiplier: 13.74
  • Cap Rate: 5.43
Expense Details
  • Operating Expense: $49,644
  • New Taxes Expense: $38,369
  • Gardener Expense: $1,200
  • Fuel Expense: $0
  • Electric Expense: $1,000
  • Insurance Expense: $7,075
  • Maintenance Expense: $2,000
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $49,664
Tax / Assessment Info
  • Tax Annual Amount: $38,969
  • Tax Tract Number: 29
  • Tax Census Tract: 2212.20
  • CFD/Mello-Roos Fee: $313
  • Taxes Percent: 1.19%
  • Tax Lot: 29
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator
  • Equipment: Dishwasher, Dryer, Dryer Included, Gas Dryer Hookup, Inside, Microwave, Refrigerator, Washer, Washer Hookup, Washer Included
  • Room Type: Kitchen, Laundry, Living Room
  • Laundry: Yes
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Inside, Washer Hookup, Washer Included
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Flooring: Vinyl
  • Virtual Tour URL Branded: https://www.myunits.com/buy/1629newhampshire
Exterior Features
  • Window Features: Double Pane Windows
  • Entry Location: 1
  • Property Condition: Turnkey
  • View Description: City Lights
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Landscaped
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Frontage Type: City Street
  • Levels: One, Two, Three Or More
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 8
  • Parking: Yes
  • Parking Garage: Assigned, Garage
  • Parking Garage Spaces: 8
  • Carport Spaces: 0
  • Parking Features: Assigned, Garage
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 5
  • Unit Type Baths Total: 5
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $4,700
  • Unit Type Total Rent: $4,700
  • Unit Type Pro Forma: 4700
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 5
  • Unit Type Baths Total: 5
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $4,595
  • Unit Type Total Rent: $4,595
  • Unit Type Pro Forma: 4700
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,600
  • Unit Type Total Rent: $3,600
  • Unit Type Pro Forma: 3600
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,500
  • Unit Type Total Rent: $3,500
  • Unit Type Pro Forma: 3600
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,000
  • Unit Type Total Rent: $3,000
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number With Dishwasher: 5
  • Number With Range: 5
  • Number With Refrigerator: 5

Property History for 1629 South New Hampshire Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1629 South New Hampshire Avenue

Taxable ValueLand$778,219Additions$194,554Total$972,773
Tax Record2024$11,980 ($998 / month)
Home Facts
Beds2Total Finished SqFt1,322 SqFtAbove Grade Finished SqFt1,322 SqFtStories1Lot Size6,550 SqFtStyleSingle Family ResidenceYear Built1890ZoningLARD1.5CountyLOS ANGELESAPN5075-018-026

Schools near 1629 South New Hampshire Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Camino Nuevo Jose Castellanos
Charter - K to 8
Berendo Middle School
Public - 6 to 8
West Adams Preparatory High School
Public - 9 to 12
Sophia T. Salvin Special Education Center
Public - K to 10
Rating
School
Distance
Camino Nuevo Jose Castellanos
CharterK to 8

Berendo Middle School
Public6 to 8

West Adams Preparatory High School
Public9 to 12

Sophia T. Salvin Special Education Center
PublicK to 10

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1629 South New Hampshire Avenue, Los Angeles, CA 90006

1629 South New Hampshire Avenue is a multi-family home for sale in Los Angeles, CA 90006. This property was listed for sale on July 9, 2024 by Myunits.com Inc., it's currently listed at $3,199,000. It has been on the market for a total of 137 days and was last sold on July 12, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Camino Nuevo Jose Castellanos, Berendo Middle School and West Adams Preparatory High School. 1629 South New Hampshire Avenue is a 19-bed, 18-bath, 7,861 sqft multi-family home built in 2024.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Myunits.com Inc., Elizabeth Maddox, DRE #01921425; On Track Property, Isaac Davidi, DRE #01819489

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.