1629 S New Hampshire Ave, USC Adj.
USC Adj. New Construction
5-Unit
Almost completed 5-unit (fourplex+ADU) a short drive to USC, Koreatown, and Downtown LA! Two huge 5 bed units, two 3 bed units & a spacious 3 bed ADU. Thanks to its close proximity to the USC campus, this will be a high cash flow property. Projected 5.50% cap rate! This is a MAJORLY high demand rental that will consistently be easy to rent!
The Important
Details
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$3,395,000
5-Unit
Pre-Market
5
2024
5.50%
13.94
$243,600/Year (Pro Forma)
8,234 sqft
6,551 sqft
$412.31
$679,000
2 x 5b/5b, 2 x 3b/3b, 1 x 3b/2b
No
10 Carport Spaces
Massive Building, Prime USC Adj. Location
The Highlights
Outstanding projected cap rate of 5.50%!
Massive property- 8,234 square feet!
One of the best price per SF properties you will find
All units separately metered for gas, electric AND water!
Located minutes from USC, making this an ultra-high demand rental property.
Major demand from “master leasing” companies who want to rent the entire building at a premium!
Huge, open floorplans.
Due to the high quality of construction, the property is very low maintenance.
Ideal parking set up! 10 parking spaces conveniently accessed from a back alley.
With SB-8 in effect, we expect less new constructions will be built, making properties like these an even more rare and hot commodity.
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
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
Contact
Lauren Cearley
213.302.8662
Property Presented By:
