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
Courtesy of Rise Realty 866-344-7473
Listing Snapshot
Days Online
43
Last Updated
Property Type
Other
Beds
16
Square Ft.
5,935
Lot Size
0.15 Acres
Year Built
2023
MLS Number
26662385
30 Days Snapshot Of 90006
$811k
+63%
(avg) sold price
4
-50%
homes sold
80
-51%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dryer, Microwave, Range/Oven, Recirculated Exhaust Fan, Refrigerator, Solar Panels, Washer
Building
5,935 sq ft, Built in 2023, Levels: Two
Cooling
Central
Disclosures
Building Plans Available, Owner Has R.E. License
Fireplaces
None
Garage
Carport, Carport Attached, Carport Detached
Heating
Central
Kitchen
Quartz Counters
Laundry
In Unit
Lot
LotAcreage: 0.1504, LotSizeArea: 6,551
Parking
TotalParking: 8
Pool
PoolYN: False, None
Property
NumberOfUnits: 4, Zoning: LARD1.5
Spa
Has spa, None
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