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1629 S New Hampshire, LA

USC Adj. New Construction
5-Unit

FULLY LEASED to great tenants! Highly upgraded 5-unit (fourplex+ADU) a short drive to USC, Koreatown, and Downtown LA with outstanding tenants! 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. This is a MAJORLY high demand rental that will consistently be easy to rent!

The Important
Details

List Price:

Property Type:

Status:

# Units:

Year Built:

Cap Rate:

GRM:

Gross Rent:

Bldg. SF:

Lot SF:

$/SF:

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$3,249,000

5-Unit

Pre-Market

5

2024

5.33%

13.96

$232,740/Year

7,861 sqft

6,551 sqft

$413.31

$649,800

2 x 5b/5b, 2 x 3b/3b, 1 x 3b/2b

No

8 Exterior Spaces

FULLY LEASED, Massive Building, Prime USC Adj. Location

The Highlights

  • Delivered 100% leased!

  • 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

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Contact

Elizabeth Maddox

818.850.8485

Lauren Cearley

213.302.8662

Property Presented By:

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