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$2,649,000

Beds
16
sq ft
5,935

1731 S New Hampshire Ave, Los Angeles, CA 90006

1731 S New Hampshire Ave

Los Angeles, CA 90006

  • 26 days on market
Presenting 1731 S. New Hampshire Ave, a brand-new, FULLY OCCUPIED, four-unit multifamily property built in 2023. This modern, well-maintained building is an exceptional opportunity for investors, with all four units fully occupied, generating $187,200 in yearly income and offering a strong 5.39% cap rate. The property features open-concept layouts, spacious bedrooms, and modern appliances throughout all four units. Designed with style and comfort in mind, the units cater to today's renters, with high-end finishes and an ideal living space. Additionally, the building boasts paid-off solar panels. Situated just minutes from Downtown Los Angeles, this location provides quick access to major freeway on-ramps including the 10, 110, and 101 Freeways, ensuring easy commutes and close proximity to LA's bustling job centers. The property is also near popular areas like Koreatown, USC, and DTLA, offering residents access to world-class dining, shopping, and entertainment options. Notable landmarks such as The Los Angeles Convention Center, and Crypto Arena are all just a short drive away. With its premium location, paid-off solar panels for added energy efficiency, and a steady stream of rental income, this turnkey property offers a rare opportunity for investors seeking a stable, income-generating asset in Los Angeles.

Details

Property type

Est. home value

$953,299

Lot size

6,551 sq ft

Price per sq ft

$447

Year built

2023

HOA

No

Price History

11/26/2024
CLAW

CLAW #24466611

Listed
$2,649,000
11/16/2024
CRMLS

CRMLS #BB24096687

Removed
$2,649,000
07/31/2024
CRMLS

CRMLS #BB24096687

Price change
$2,649,000
-1.71%

Schools & Community

Neighborhood: 

Harvard Heights

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

First Republic Bank

Loan start date

March 2023

Original loan amount

$1,570,000

Est. remaining balance

Not provided

Interest rate

8.63%

Loan type

Building or Construction Loan, 30 year

Seller

Cumpston Expert Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 10:50 PM

Listing updated: 12/05/2024 at 2:37 PM

Listed by: Michael Fitzgerald, Power Brokers Phone #: (424) 738-5900

MLS: CLAW #24466611

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