1629 S New Hampshire, USC Adj.
Fully Leased USC Adj. 2023-Build
5-Unit | 6.29% Cap Rate
FULLY LEASED to great tenants! Highly upgraded 5-unit (fourplex + ADU) just a short drive to USC, Koreatown, & Downtown LA, with outstanding tenants in place! The property includes two huge 5 bed units, two 3 bed units & a spacious 3 bed ADU. Due to its close proximity to the USC campus, this property offers tremendous cash flow potential. With high demand for rentals in this prime location, it will consistently attract quality tenants & be easy to rent! An exceptional investment opportunity!
The Important
Details
List Price:
Property Type:
Status:
# Units:
Year Built:
Cap Rate:
GRM:
Gross Rent:
Bldg. SF:
Lot SF:
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Unit Mix:
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$2,885,000
5-Unit
Pre-Market
5
2023
6.29%
12.33
$233,988/Year
7,861 sqft
6,551 sqft
$367.00
$577,000
2 x 5b/5b, 2 x 3b/3b, 1 x 3b/2b
No
8 Garage Spaces
No
Other Features:
FULLY LEASED, Massive Building, Prime USC Adj. Location
The Highlights
Delivered 100% leased at a REAL 6.29% cap rate, providing immediate cash flow from day one with all five units already leased at market rents.
Massive 7,861-square-foot property offered at just $367 per square foot—an exceptional price per SF for a high-quality, newer construction multifamily asset.
Excellent oversized unit mix featuring three spacious 3-bedroom units and two massive 5- bedroom/5-bathroom units, with large, open floorplans designed for today’s renters.
Separately metered for gas, electric AND water, helping keep landlord-paid utility expenses and ongoing operating costs to a minimum.
Prime USC-adjacent location just minutes from campus, positioning the property in a high-demand rental pocket with convenient access to Downtown LA, Koreatown, and major employment and entertainment hubs.
High-quality 2023 construction with modern finishes, central HVAC, in-unit washers & dryers, private balconies, sleek kitchens and bathrooms, and a low-maintenance design.
Ideal parking setup with 8 parking spaces conveniently accessed from the rear alley—an excellent amenity for the property’s large 3- and 5-bedroom units.
With SB 8 limiting certain redevelopment opportunities and adding hurdles to the replacement of existing housing, newer construction multifamily assets of this size and quality may become increasingly difficult to replicate.
The Neighborhood
<15-Minute Walk
Exposition Park, California Science Center, BMO Stadium, Los Angeles Memorial Coliseum, EXPO Center, CA African American Museum, Natural History Museum, Rose Garden Dr. Theodore T. Alexander Jr. Science Center Charter School
<15-Minute Drive
USC Campus, Trader Joes, Target, Rock & Reilly’s, USC Village, Study Hall, McKay’s, Greenleaf Kitchen & Cocktails, Moreton Fig, CAVA, Giardino Ristorante, The Lab Gastropub, Stout Burgers & Beers, Honeybird, Rosso Oros Pizzeria, City Tacos
<$15 Uber Ride
Crypto.com Arena, Los Angeles Convention Center, Microsoft Theater, JW Marriott Los Angeles L.A. LIVE, Arts District DTLA, Chinatown, Dodgers Stadium, Koreatown, The Wiltern, Regent Theater, The Moroccan Lounge, Clifton's Republic, Resident
Contact
Lauren Cearley
213.302.8662
Property Presented By:
