1731 South New Hampshire Avenue

Los Angeles, CA 90006

$2,649,000
Price
16
Beds
16
Baths
5,935 Sq. Ft.
$446 / Sq. Ft.
5,935
Sq. Ft.
$446
per Sq. Ft.

Description

Presenting 1731 S. New Hampshire Ave, a brand-new, FULLY OCCUPIED, four-unit multifamily property built in 2023. This modern, well-maintained building is an exceptional opportunity for investors, with all four units fully occupied, generating $187,200 in yearly income and offering a strong 5.39% cap rate. The property features open-concept layouts, spacious bedrooms, and modern appliances throughout all four units. Designed with style and comfort in mind, the units cater to today's renters, with...Presenting 1731 S. New Hampshire Ave, a brand-new, FULLY OCCUPIED, four-unit multifamily property built in 2023. This modern, well-maintained building is an exceptional opportunity for investors, with all four units fully occupied, generating $187,200 in yearly income and offering a strong 5.39% cap rate. The property features open-concept layouts, spacious bedrooms, and modern appliances throughout all four 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.
  1. Listed by Michael Fitzgerald • DRE #02016898 • Brokerage DRE #01268376 • Power Brokers

Property Details for 1731 South New Hampshire Avenue

Zoning
LARD1.5
Parcel Number
5075019004
Total Units
4.0
Living Area
5935
Source Living Area
Plans
Area
Mid Los Angeles (C16)
Vacancy Rate
0%
Lot Size Area
6551
LISTING UPDATED: 12/04/2024 12:01 AM

Property Details for 1731 South New Hampshire Avenue

StatusActive
MLS #24-466611
Days on Market25
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2023
Lot Size0.15 AC / 6,551 SF
CountyLos Angeles County

Building Information for 1731 South New Hampshire Avenue

Stories2Residences-Year Built2023Building Size-Lot Size0.15 AC / 6,551 SF

Property Information for 1731 South New Hampshire Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Builder
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Townhomes
  • Water: Public
  • Sewer: In Street
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: Owner Has R.E. License
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $187,200
  • Net Operating Income: $147,888.00
  • Gross Income: $187,200
  • Cap Rate: 5.39%
  • Gross Rent Multiplier: $14.15
  • Total Annual Expense: 39312
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1504
  • Lot Size Square Feet: 6551
Parking Details
Parking Details
  • Parking Garage: Carport Attached
  • Total Parking: 8
  • Parking Features: Attached Carport
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Laminate
  • Equipment: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Solar Panels, Washer
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • Patio Features: Balcony
  • New Construction: No
  • Foundation Details: Raised
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-26-2024
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity, Water
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,800.00
  • Unit Actual Rent: $3,800.00
  • Unit Projected Rent: $3,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 4
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,800.00
  • Unit Actual Rent: $3,800.00
  • Unit Projected Rent: $3,800.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 4
  • Unit Baths: 5
  • Unit Furnished: No
  • Unit Rent: $4,000.00
  • Unit Actual Rent: $4,000.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 4
  • Unit Baths: 5
  • Unit Furnished: No
  • Unit Rent: $4,000.00
  • Unit Actual Rent: $4,000.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
  • Number of Dishwasher: 4
  • Number of Electric Meters: 4
  • Number of Gas Meters: 4
  • Number Patio: 4
  • Number Range: 4
  • Number Refrigerator: 4
  • Number Water Meters: 4
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $229,500.00
  • Assessed Improvement Percent: 31.91
  • Assessed Land Value: $489,600.00
  • Assessed Land Percent: 68.09
  • Assessed Total Value: $719,100.00

Property History for 1731 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 1731 South New Hampshire Avenue

Taxable ValueLand$499,392Additions$234,090Total$733,482
Tax Record2024$9,173 ($764 / month)
Home Facts
Total Finished SqFt1,172 SqFtAbove Grade Finished SqFt1,172 SqFtLot Size6,549 SqFtStyleDuplexYear Built1921ZoningLARD1.5CountyLOS ANGELESAPN5075-019-004

Schools near 1731 South New Hampshire Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 8
Public - 6 to 8
Public - 9 to 12
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

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.

Similar Homes

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1731 South New Hampshire Avenue is a multi-family home for sale in Los Angeles, CA 90006. This property was listed for sale on November 26, 2024 by Power Brokers, it's currently listed at $2,649,000. It has been on the market for a total of 25 days and was last sold on September 16, 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. 1731 South New Hampshire Avenue is a 16-bed, 16-bath, 5,935 sqft multi-family home built in 2023.

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 Power Brokers, Michael Fitzgerald, DRE #02016898

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.