Presenting 1731 S. New Hampshire Ave, a newly constructed four-unit multifamily property completed in 2023, located in a prime Los Angeles rental corridor just minutes from Downtown LA. The property currently has one vacant unit, providing investors with an immediate lease-up opportunity. Once stabilized, the property is projected to generate… Read More approximately $188,388 in annual gross income, reflecting a pro-forma 6% cap rate.The building features four modern residential units thoughtfully designed with open-concept layouts, spacious bedrooms, and contemporary finishes throughout. Each residence includes modern kitchens, stainless steel appliances, and functional living spaces, creating an attractive environment for today's renters.An additional highlight of the property is the inclusion of fully paid-off solar panels, helping reduce operating costs while increasing long-term energy efficiency.The property is strategically located near Downtown Los Angeles, offering excellent connectivity to major employment centers and lifestyle amenities. Residents enjoy convenient access to the 10, 110, and 101 Freeways, as well as close proximity to Koreatown, USC, and DTLA, providing access to world-class dining, entertainment, and cultural attractions. Major destinations such as Crypto.com Arena and the Los Angeles Convention Center are also just a short drive away.With modern 2023 construction, strong pro-forma income potential, energy-efficient features, and a prime central Los Angeles location, 1731 S. New Hampshire Ave presents a compelling multifamily investment opportunity with immediate lease-up upside. Property can be purchased together with 1629 S. New Hampshire Ave. 5 unit building, just up the street asking $2,895,000. Read Less
Property listed by Rise Realty, Michael Fitzgerald 866-344-7473
Listing Snapshot
Days Online
8
Last Updated
Beds
16
Square Ft.
5,935
Lot Size
0.15 Acres
Year Built
2023
MLS Number
26662385
Additional Details
Appliances & Equipment
Microwave, Refrigerator, Dryer, Washer
Building
Built in 2023, Living area: 5935.0, 2 buildings, 2 stories, Levels: Two
Cooling
CentralAir
Fireplaces
None
Heating
Central
Income
Gross Income: $188,388, Net Operating Income: $143,657
Lot
0.1504 acres
Parking
8 total parking spaces, AttachedCarport, Carport, DetachedCarport
Pool
None
Taxes
Parcel Number: 5075019004, Zoning: LARD1.5
Utilities
4 separate electric meters, 4 separate gas meters, 4 separate water meters
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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