1731 New Hampshire Ave, USC Adj.
2023-Built Fourplex | USC Adj.
Fully Leased | 6.06% Cap Rate
FULLY LEASED 2023 CONSTRUCTION FOURPLEX minutes from USC! Offered at just $2,390,000, this is currently the LOWEST-PRICED NEW CONSTRUCTION FOURPLEX ON THE MARKET and delivers a strong 6.06% CAP RATE with stabilized cash flow from day one. The property features four oversized 4-bedroom residences averaging nearly 1,500 square feet with large open floor plans, modern finishes, central HVAC, in-unit laundry, private balconies, and separately metered utilities to keep operating expenses low. Ideally located in Pico-Union near USC, Koreatown, and Downtown LA, this is a rare opportunity to acquire a turnkey newer-construction asset at just $597,500 per unit!
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:
$2,390,000
Fourplex
For Sale
4
2023
6.06%
12.81
$186,528/Year
5,935 sqft
6,549 sqft
$402.70
$597,500
2 x 4b/4.5b, 2 x 4b/3b
No
8 Covered Carport Spaces
Yes
Other Features:
Separately Metered Utilities
Sleek, Modern Finishes
The Highlights
Cheapest New Construction 4-Unit Currently on the Market! Offered at just $2,390,000, presenting an incredibly rare entry point to own a newer construction multifamily asset in Los Angeles.
Strong 6.06% Cap Rate + Fully Leased! All four units are already occupied at market rents, providing immediate, stabilized cash flow from day one.
High-Quality 2023 Construction spanning 5,935 square feet across two modern buildings with large, open floorplans and contemporary finishes throughout.
Excellent Oversized Units featuring all 4-bedroom units averaging nearly 1,500 square feet.
Separately Metered for ALL Utilities — gas, electric and water — helping keep landlord-paid expenses exceptionally low and maximizing operating efficiency.
Modern, Tenant-Friendly Amenities including central HVAC, in-unit washers & dryers, sleek kitchens and bathrooms, private balconies, and abundant natural light.
8 On-Site Parking Spaces including 6 carport spaces plus 2 exterior spaces — an excellent parking ratio for just four units.
Prime USC-Adjacent / Pico-Union Location minutes from USC, Koreatown and Downtown LA, with convenient access to the 10 and 110 freeways and some of Central LA’s largest employment and entertainment hubs.
The Neighborhood
<15-Minute Walk
Exposition Park, California Science Center, BMO Stadium, Los Angeles Memorial Coliseum, EXPO Center,
California 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:
