1731 New Hampshire Ave Los Angeles, CA 90006

Property Details for 1731 New Hampshire Ave

Year built

2024

Property size

5,935 SF

Property type

Commercial real estate

APN

5075-019-004

Description

This exceptional 2024-built fourplex, located minutes from the University of Southern California campus and Exposition Park in Los Angeles, CA, presents a compelling investment opportunity. Boasting a 5.32% cap rate and 100% occupancy since June 5th, 2024, this property offers immediate cash flow. The four units, totaling 5,935 square feet on a 6,549 square foot lot, are generously sized, featuring four-bedroom layouts (two with 4.5 baths, two with 3 baths) and modern, upgraded finishes. Each unit benefits from separate meters for gas, electric, and water, simplifying utility management. The property includes eight parking spaces conveniently accessed via a rear alley. The prime location near USC, Exposition Park's attractions, and various employment centers ensures high rental demand and ease of management. The property features a one-year builder's warranty, minimizing potential maintenance concerns. With its strong financial performance, desirable location, and modern amenities, this fourplex represents a rare opportunity in the competitive Los Angeles market. The asking price is $2,649,000, with a price per unit of $662,250 and a price per square foot of $446.34. The property is zoned LARD1.5 and has a net operating income (NOI) of $140,815. The address is 1731 S New Hampshire Ave, Los Angeles, CA 90006. This is a stabilized investment with a strong potential for long-term growth.