5-Unit Apartment
1629 S New Hampshire AVE, Los Angeles, CA 90006
For Sale
$2,699,000
Residents have central HVAC, in-unit laundry, and private balconies.
Property Size7,861 SF
Price / SF$343.34
Days on Market50
Property Features for 1629 S New Hampshire AVE
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Financials
Asking Price
Cap Rate
Site & Location
Neighborhood
Highway Access
Utilities to Site
Units
Unit Mix
Multifamily Units
Amenities
private balconies
in-unit laundry
central HVAC
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Myunits.com Inc.
Listed By:
Cheyenne Womack · License #02064825
(805) 973-7470
Source:
Benbelack
Added: Sep 21
Changed: Oct 31
Last Checked: Nov 8 at 1:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Myunits.com Inc.
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Investment Insights
Based on property information with market context.
Completed in 2023, this Los Angeles apartment property comprises two buildings totaling 7,861 square feet. Its five residences include three 3-bedroom units and two 5-bedroom, 5-bathroom units. Interior features include open layouts, kitchens and bathrooms with modern finishes, central HVAC, in-unit laundry, and private balconies. Eight parking spaces are accessed from the rear alley. Gas, electricity, and water are separately metered for each residence. The property is non-rent-controlled and fully leased at market rents, with a 6.29% cap rate.
The property is near USC, Downtown LA, and Koreatown, with access to the 10 and 110 freeways.
The property is near USC, Downtown LA, and Koreatown, with access to the 10 and 110 freeways.
Key Highlights
- Five residences across two buildings, totaling 7,861 square feet
- Built in 2023; non‑rent‑controlled and fully leased at market rents
- Unit mix includes three 3‑bedroom homes and two 5‑bedroom/5‑bathroom homes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$126,490
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,529,800
$2.5M
Cap Rate 7%
$1,807,000
$1.8M
Cap Rate 9%
$1,405,444
$1.4M
Market Conditions
NOI Build-Up for 7,861 SF
Gross rent
$250.0K $31.80/SF
− Vacancy
−$20.0K −$2.54/SF
EGI
$230.0K $29.26/SF
− OpEx
−$103.5K −$13.17/SF
NOI
$126.5K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,529,800
Cap Rate 7%
$1,807,000
Cap Rate 9%
$1,405,444
Alternative Uses
Best Use
Apartment 5plus
$1.81M
$1.58M – $2.11M
NOI $126,490 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.28M
$2.87M – $3.83M
NOI $229,744 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,520
Businesses Nearby
Explore this area
Business Placement
Demographics for 90006, CA
58,229
Population
21,475
Households
2.7
Avg Household Size
36
Median Age
22%
College-Educated
63%
High-School Grad
1.9 sq mi
ZIP Area
30,647
Density / Sq Mi
$49,847
Median Household Income
$31,645
Median Earnings
$1,396
Median Rent
$841,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Residents have central HVAC, in-unit laundry, and private balconies.
Where is this apartment building located?
The property is located at 1629 S New Hampshire AVE Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,699,000.
What are key features of this property?
This property features: Five residences across two buildings, totaling 7,861 square feet; Built in 2023; non‑rent‑controlled and fully leased at market rents; Unit mix includes three 3‑bedroom homes and two 5‑bedroom/5‑bathroom homes
