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.
This property is $1.6M more than the Median Sold Price and $194/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24466611
Listing Office:
Office Name: Power Brokers
Office Phone: (424) 738-5900
Listing Agent: Michael Fitzgerald
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 2:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Sep 15, 2021
Sep 15, 2021Home Sold
$705,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$3,052
$228,687
2020
$2,968
$226,343
2019
$2,818
$221,906
2018
$2,761
$217,556
2017
$2,761
$213,291
History based on county public records data.
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NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Magnolia Avenue Elementary School
1626 Orchard Ave
Distance between this listing and this school0.29 miles
Public District Grades PK-5
2
/10
Politi Elementary School
2481 W 11th St
Distance between this listing and this school0.73 miles
Public District Grades KG-5
6
/10
Vermont Avenue Elementary
1435 W 27th St
Distance between this listing and this school0.75 miles
Public District Grades KG-5
Nearby Schools
4
/10
Camino Nuevo Elementary #3
1723 Cordova St
Distance between this listing and this school0.24 miles
Public Charter Grades KG-8
4
/10
Berendo Middle School
1157 S Berendo St
Distance between this listing and this school0.53 miles
Public District Grades 6-8
2
/10
Monsenor Oscar Romero Charter Middle School
2670 W 11th St
Distance between this listing and this school0.61 miles
Public Charter Grades 6-8
Nearby Schools
3
/10
West Adams Preparatory High School
1500 W Washington Blvd
Distance between this listing and this school0.23 miles
Public District Grades 9-12
6
/10
Alliance Gertz-Ressler Richard Merkin 6-12 Complex
2023 S Union Ave
Distance between this listing and this school0.67 miles
Public Charter Grades 6-12
6
/10
University Preparatory Value High School
1929 W Pico Blvd
Distance between this listing and this school0.76 miles
The neighbors living near this home have an average income of $41,087. The most common annual income of people living in Los Angeles, CA is between $35k-100k. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1731 S New Hampshire Ave
What is the listing price of this property?
The listing price of 1731 S New Hampshire Ave property is $2,649,000.
What type of property is this?
The property 1731 S New Hampshire Ave is a house located in Los Angeles, California, 90006.
Is this property for sale now?
Active Listing: 1731 S New Hampshire Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $3,052 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on September 15, 2021 for $705,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 1731 S New Hampshire Ave has 16 bedrooms and 16 bathrooms.
What is the square footage of this property?
The property 1731 S New Hampshire Ave is 5,935 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1731 S New Hampshire Ave is 2023.
Interested in 1731 S New Hampshire Ave? Let's connect.
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This home is located at 1731 S New Hampshire Ave in Los Angeles, CA and zip code 90006 in the Central LA neighborhood. This 5,935 square foot home, which was built in 2023, sits on a 0.15 acre lot. Features: 16 bedrooms, 16 bathrooms. It has been listed on Rocket Homes since November 26, 2024 and is currently priced at $2,649,000.
Los Angeles, CA housing market in November 2024 saw over 512 listings sold above listed price, more than 177 sold at listed price and over 657 sold below. The number of homes for sale in Los Angeles, CA decreased by 0.6% between October 2024 and November 2024. While the average time on the market in November 2024 was 38 days, the median list price was $1,021,532.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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