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$ 3,195,000
Est. payment | /mo
7,860 SqFt
$ 3,195,000
Est. payment | /mo
7,860 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,860 sqft
Price per Sqft $406
MLS Listing ID CL25502137
HOA Y/N No
Year Built 2024
Lot Size 6,551 Sqft
Acres 0.15
Property Sub-Type Other
Property Description
Presenting 1629 S. New Hampshire Ave, a brand-new, FULLY OCCUPIED, five-unit multifamily property built in 2024. This modern, well-maintained building is an exceptional opportunity for investors, with all five units fully occupied, generating $237,660 in yearly income and offering a strong 5.57% cap rate. The property features open-concept layouts, spacious bedrooms, and modern appliances throughout all five units. Designed with style and comfort in mind, the units cater to today's renters, with high-end finishes and an ideal living space. Additionally, the building boasts paid-off solar panels.Situated just minutes from Downtown Los Angeles, this location provides quick access to major freeway on-ramps including the 10, 110, and 101 Freeways, ensuring easy commutes and close proximity to LA's bustling job centers. The property is also near popular areas like Koreatown, USC, and DTLA, offering residents access to world-class dining, shopping, and entertainment options. Notable landmarks such as The Los Angeles Convention Center and Crypto Arena are all just a short drive away.With its premium location, paid-off solar panels for added energy efficiency, and a steady stream of rental income, this turnkey property offers a rare opportunity for investors seeking a stable, income-gene
Location
State CA
County Los Angeles
Zoning LARD
Interior
Heating Other
Cooling Central Air
Fireplace No
Appliance Dryer
Laundry Dryer, Washer
Building
New Construction No
Others
Tax ID 5075018026
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Listed by Michael Fitzgerald • Power Brokers