1731 S New Hampshire Avenue
Property 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.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $2,390,000 |
| No. of Units: | 4 |
| Year Built: | 2023 |
| Opportunity Zone: | No |
| Price per unit: | $597,500 |
| Number of Bedrooms: | 16 |
| Number of Bathrooms: | 16 |
ID: 3yd-MRMLSCA-BB26206908
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