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Tera Rench

terarenchre@gmail.com +1(262) 370-7299

$2,699,000

Est. payment - /mo

6,551 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB26206740

Construction Status Turnkey

HOA Y/N No

Year Built 2023

Lot Size 6,551 Sqft

Property Sub-Type Quadruplex

Property Description

1629 S New Hampshire Ave is a 2023 new construction, non-rent-controlled 5-unit property located just minutes from USC. Delivered 100% leased at market rents and offering a REAL 6.64% cap rate, New Hampshire provides immediate cash flow from day one in a high-demand central Los Angeles rental market.

Spanning an impressive 7,861 square feet across two modern buildings, the property features three spacious 3-bedroom residences and two massive 5-bedroom/5-bathroom residences. Each unit offers large, open floorplans, sleek kitchens and bathrooms, central HVAC, in-unit laundry, private balconies, and modern finishes throughout. Eight on-site parking spaces conveniently accessed from the rear alley further enhance tenant appeal.

All units are separately metered for gas, electric, AND water, helping keep operating expenses exceptionally low and making this a truly turnkey, low-maintenance investment. Offered at $2,699,000, the property trades at just $343 per square foot and $539,800 per unit—an attractive basis for nearly 7,900 square feet of newer construction.

Ideally positioned near USC, Downtown LA, and Koreatown, residents enjoy convenient access to major employment, education, dining, and entertainment hubs, as well as the 10 and 110 freeways. With its strong current yield, oversized units, low operating expenses, and high-quality construction, 1629 S New Hampshire offers a rare opportunity to acquire a fully stabilized newer construction asset in central Los Angeles.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Interior

Interior Features Balcony, Open Floorplan, Recessed Lighting

Heating Central

Cooling Central Air

Flooring Tile, Vinyl

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Freezer, Disposal, Gas Range, Ice Maker, Microwave, Refrigerator, Dryer, Washer

Laundry Inside

Exterior

Fence New Condition

Pool None

Community Features Curbs, Street Lights, Sidewalks

View Y/N Yes

View Neighborhood

Private Pool No

Building

Lot Description Landscaped, Level, Street Level

Story 3

Entry Level Three Or More

Sewer Public Sewer

Water Public

Architectural Style Modern

Level or Stories Three Or More

New Construction No

Construction Status Turnkey

Others

Senior Community No

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

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Listed by Cheyenne Womack Myunits.com Inc. 805-973-7470, DRE #02064825

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1629 S New Hampshire AVE Los Angeles, CA 90006