1629 S New Hampshire Avenue, Los Angeles, CA 90006

• 7,860 sqft

Property Description

Presenting 1629 S. New Hampshire Ave, a newly constructed 5-unit multifamily asset completed in 2024, located in a prime Los Angeles rental corridor just minutes from Downtown LA. The property currently has one vacant unit, with applications under review, offering investors an immediate lease-up opportunity.Once fully leased, the property is projected to generate pro forma gross income of approximately $232,200 annually and $19,350 monthly, reflecting a pro forma 6.1% cap rate.The building features five thoughtfully designed residences with modern open-concept layouts, spacious bedrooms, and contemporary finishes throughout. Each unit includes modern appliances, high-end interior finishes, and functional floor plans designed to appeal to today's renters. Select units also feature sweeping views of the Downtown Los Angeles skyline, further enhancing tenant demand.Built in 2024, the property benefits from new construction quality, helping minimize maintenance costs and improve long-term operational efficiency. The building also includes fully paid-off solar panels, reducing operating expenses while improving energy efficiency.Strategically located near Downtown Los Angeles, the property offers convenient access to major freeways including the 10, 110, and 101, providing easy connec

Listing Status:

Active

Date Added:

March 9, 2026

Data Last Updated:

April 2, 2026 at 12:06AM

Listing Office:

Rise Realty : 866-344-7473

Listing Agent:

Michael Fitzgerald : 310-793-6136

MLS ID:

CL26661731

Interior

• Appliances: Dryer
• Laundry: DryerWasher
• A/C: Central Air
• Heating: Other

Location

• County: Los Angeles

Lot

• Zoning: LARD5075018026