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1629 S New Hampshire Ave
Los Angeles, CA 90006
Multifamily Property For Sale
·
5 Units
Investment Highlights
- Delivered 100% leased at a REAL 6.29% cap rate, providing immediate cash flow from day one with all five units already leased at market rents.
- Excellent oversized unit mix featuring three spacious 3-bedroom units and two massive 5 bedroom/5-bathroom units, with large, open floorplans.
- High-quality 2023 construction with modern finishes, central HVAC, in-unit washers & dryers, private balconies, sleek kitchens and bathroom.
- Massive 7,861-square-foot property offered at just $367 per square foot.
- Separately metered for gas, electric AND water, helping keep landlord-paid utility expenses and ongoing operating costs to a minimum.
- Ideal parking with 8 parking spaces conveniently accessed from the rear alley—an excellent amenity for the property’s large 3- and 5-bedroom units.
Executive Summary
The 5+ Unit Specialists are pleased to present 1629 S New Hampshire Ave, a 2023 new construction, non-rent-controlled 5-unit property located just minutes from USC. Delivered 100% leased at market rents and offering a REAL 6.29% cap rate, New Hampshire provides immediate cash flow from day one in a high-demand central Los Angeles rental market. Spanning an impressive 7,861 square feet across two modern buildings, the property features three spacious 3-bedroom residences and two massive 5 - bedroom/5-bathroom residences. Each unit offers large, open floorplans, sleek kitchens and bathrooms, central HVAC, in-unit laundry, private balconies, and modern finishes throughout. Eight on-site parking spaces conveniently accessed from the rear alley further enhance tenant appeal. All units are separately metered for gas, electric, AND water, helping keep operating expenses exceptionally low and making this a truly turnkey, low-maintenance investment. Offered at $2,885,000, the property trades at just $367 per square foot and $577,000 per unit—an attractive basis for nearly 7,900 square feet of newer construction. Ideally positioned near USC, Downtown LA, and Koreatown, residents enjoy convenient access to major employment, education, dining, and entertainment hubs, as well as the 10 and 110 freeways. With its strong current yield, oversized units, low operating expenses, and high-quality construction, 1629 S New Hampshire offers a rare opportunity to acquire a fully stabilized newer construction asset in central Los Angeles.
Property Facts
| Price Per Unit | $796,474 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 6.29% | Building Size | 7,861 SF |
| Gross Rent Multiplier | 12.33 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | Parking Ratio | 1.19/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | LARD1.5 - Restricted Density Multiple | ||
| Price Per Unit | $796,474 CAD |
| Sale Type | Investment |
| Cap Rate | 6.29% |
| Gross Rent Multiplier | 12.33 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 7,861 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2023 |
| Parking Ratio | 1.19/1,000 SF |
| Zoning | LARD1.5 - Restricted Density Multiple |
Amenities
Site Amenities
- Tenant Controlled HVAC
- Gas Range
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $4,831 CAD | 1,152 |
| 3+3 | 2 | $4,762 CAD | 1,347 |
| 5+5 | 2 | $5,867 CAD | 2,008 |
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