1731 S New Hampshire Avenue,Los Angeles, CA 90006
Los Angeles, CA 90006
Description
1731 S New Hampshire Ave is an exceptional opportunity to acquire the lowest-priced new construction 4-unit currently on the market! Offered at just $2,390,000 and delivering a strong 6.06% cap rate, New Hampshire offers investors the rare combination of newer construction, immediate cash flow, and an incredibly attractive entry price. The property is already 100% leased at market rents, providing stabilized income from day one. Built in 2023, the property spans an impressive 5,935 square feet across two modern buildings and features an excellent all oversized 4-bedroom residences. With units averaging nearly 1,500 square feet, each residence features large open floorplans, sleek contemporary kitchens and bathrooms, central HVAC, in-unit washers and dryers, private balconies, and modern finishes throughout. All utilities are separately metered, including gas, electric, and water, helping keep landlord-paid expenses exceptionally low and making the property an efficient, low-maintenance investment. Eight on-site parking spaces - six carport spaces plus two exterior spaces - provide an excellent 2:1 parking ratio for the property's large units. Ideally located in Pico-Union just minutes from USC, Koreatown, and Downtown Los Angeles, residents enjoy convenient access to some of the city's largest employment, education, dining, and entertainment hubs. At just $597,500 per unit, 1731 S New Hampshire presents a rare opportunity to acquire a fully stabilized, high-quality 2023 construction asset at an incredibly competitive price point.
Details
| MLS # | BB26206908 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2023 |
| Days On Site | 37 |
| Listing Provided By | Myunits.com Inc. | Cheyenne Womack |
Features
| SQ Feet | 5,835 |
|---|---|
| Car Port | Yes |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 2 |
| Acreage | 0.15 |
| Property View | Yes |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Balcony, Open Floorplan, Recessed Lighting |
| Appliances | Dishwasher, Freezer, Disposal, Gas Range, Ice Maker, Microwave, Refrigerator, Dryer, Washer |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Landscaped, Level, Street Level |
|---|---|
| Fencing | New Condition |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Curbs, Street Lights, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90006 |
| Area | C16 Mid Los Angeles |
| Listing VS Median (in 90006) | |
Price: $2,390,000 low | high Med: $850,000 sqft: 5,835 low | high Med: 1,340 $ / sqft: $410 low | high Med: $634 On site: 37 low | high Med: 163 | |
Market Activity 90006
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90006 |
| Area | C16 Mid Los Angeles |
| Listing VS Median (in 90006) | |
Price: $2,390,000 low | high Med: $850,000 sqft: 5,835 low | high Med: 1,340 $ / sqft: $410 low | high Med: $634 On site: 37 low | high Med: 163 | |
 | $2,850,0001724 Menlo AvenueLos Angeles, CA 90006 |
