1629 S New Hampshire AVE, Los Angeles, CA 90006

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Gatehouse Properties

info@gatehouseproperties.com +1(714) 743-9882

$ 3,195,000

Est. payment | -/mo

19 Beds

18 Baths

7,860 SqFt

Save

$ 3,195,000

Est. payment | -/mo

Save

19 Beds

18 Baths

7,860 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,860 sqft

Price per Sqft $406

MLS Listing ID 25502137

Bedrooms 19

HOA Y/N No

Year Built 2024

Lot Size 6,551 Sqft

Property Description

Presenting 1629 S. New Hampshire Ave, a brand-new, FULLY OCCUPIED, five-unit multifamily property built in 2024. 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 5.57% 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).

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LARD1.5

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Dishwasher, Microwave, Refrigerator, Dryer, Washer

Exterior

Garage Spaces 8.0

Garage Description 8.0

Pool None

Attached Garage Yes

Total Parking Spaces 8

Private Pool No

Building

Story 3

Entry Level Three Or More,Multi/Split

Foundation Raised

Level or Stories Three Or More, Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5075018026

Special Listing Condition Standard

Listed by Michael Fitzgerald • Power Brokers

+1(714) 743-9882

info@gatehouseproperties.com

Costa Mesa, CA, 92626, United States

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1629 S New Hampshire AVE Los Angeles, CA 90006