Est. cap rate

2.0%

Assumed rent, all units

$7,960/mo

Units

4

Price per unit

$597,500

Est. annual NOI

$47,760

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Quadruplex

Bedrooms

4

Building size

5,835 sqft

Lot size

6,549 sqft

Year built

2023

Stories

2

Garage spaces

0

Style

Modern

Heating

Central

Cooling

Central Air

Pool

None

View

Neighborhood

Status

Active

Days on market

1

MLS #

247343659

About this property

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.

Location

1731 S New Hampshire Avenue

Los Angeles, Los Angeles, CA, 90006