1629 S New Hampshire, LA
Fully Leased USC Adj. 2024
5-Unit
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:
$/SF:
$/Unit:
Unit Mix:
Opportunity Zone:
Parking:
Rent Control:
$3,199,000
5-Unit
Price Drop
5
2024
5.43%
13.74
$232,740/Year
7,861 sqft
6,551 sqft
$406.95
$639,800
2 x 5b/5b, 2 x 3b/3b, 1 x 3b/2b
No
8 Garage Spaces + 1 Bonus Space
No
Other Features:
FULLY LEASED, Massive Building, Prime USC Adj. Location
The Highlights
Delivered 100% leased at a REAL 5.43% cap rate!
Massive property- 7,861 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.
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:
