$3,249,000 Price Analysis   ♡   Los Angeles, CA 90006 19 bed 18 bath 7,861 SqFt ($413/SqFt) 6,551SqFt lot. Built 2024 Listed 2024-07-10, Taxes $11,209 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
1629 S Contemporary Hampshire is a 2024 construction
FULLY rented 5-unit located minutes from the USC campus and Exposition Park! This is one of the best priced BRAND-CONTEMPORARY CONSTRUCTION 5-UNITS IN ALL OF LA. With a stabilized 5.33% cap rate, this one-of-a-kind opportunity will not last long. The property is made up of two enormous 5-bedroom units and three 3-bedroom units with large open floor plans and a trendy modern design and upgraded finishes. Thanks to its close proximity to the USC campus, all units rented extremely fast to A+ tenants. With $19, 395 in monthly gross rent, ease of management this will be a high cash flow property for years to come! The building boasts tons of balconies, 8 garage parking spots accessed by a convenient back alley, luxury finishes and large floorplans, these units ARE the #1 choice for high paying USC students, recent graduates and more! Every box is checked! 1629 S New Hampshire is situated minutes from Exposition Park, a 160-acre urban park that houses the California Science Center, the BMO Stadium, the Los Angeles Memorial Coliseum, EXPO Center, the Natural Histry Museum, Dr.
Theodore T. Alexander Jr. Charter School. Plus, its minutes from the count less local hotspots and conveniences in the area, including the USC Village, DTLA Arts District and major employment hubs. Plus enjoy separate meters for all utilities and a 1-year builders warranty!
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Property MLS #BB24139414 from CRMLS
Appliances YN: Yes
Laundry Features: Dryer Included, Gas Dryer Hookup, Inside, Washer Hookup, Washer Included
Heating Features: Central
Heating: Yes
Window Features: Double Pane Windows
Lot Size Acres: 0.1503903
Lot Size Source: Assessor
Lot Size Square Feet: 6551
Parking Features: Parking YN: Yes, Parking Features: Assigned, Garage
Parking Total: 8
Bedrooms in Unit-1: 5
Bedrooms in Unit-2: 5
Bedrooms in Unit-3: 3
Bedrooms in Unit-4: 3
Bedrooms in Unit-5: 3
Total Bathrooms in Unit-1: 5
Total Bathrooms in Unit-2: 5
Total Bathrooms in Unit-3: 3
Total Bathrooms in Unit-4: 3
Total Bathrooms in Unit-5: 2
Unit-1 Garage Spaces: 2
Unit-2 Garage Spaces: 2
Unit-3 Garage Spaces: 2
Unit-4 Garage Spaces: 2
Gardener Expense: 1200.00
Maintenance Expense: 2000.00
Tenant Pays: All Utilities
Vacancy Allowance: 9310
Source Listing Status: Active
County: Los Angeles
Cap Rate: 5.33
Source Property Type: Residential Income
Insurance Expense: 7075.00
Area: C16 - Mid Los Angeles
Source Neighborhood: C16 - Mid Los Angeles
New Taxes Expense: 38969.00
Number of Separate Electric Meters: 6
Number of Separate Gas Meters: 5
Number of Separate Water Meters: 5
Parcel Number: 5075018026
Postal Code Plus 4: 4513
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $187,000 + $748,000 $935,000 | $11,209 |
| 2021 | $69,003 + $119,284 $188,287 | $2,429 |
| 2020 | $68,296 + $118,061 $186,357 | $2,449 |
| 2019 | $66,957 + $115,747 $182,704 | $2,360 |
| 2018 | $65,645 + $113,478 $179,123 | $2,274 |
| 2017 | $64,358 + $111,253 $175,611 | $2,227 |
| 2016 | $63,097 + $109,072 $172,169 | $2,164 |
| 2015 | $62,150 + $107,434 $169,584 | $2,134 |
| 2014 | $60,933 + $105,330 $166,263 | $2,150 |
| 2013 | $60,658 + $104,854 $165,512 | $2,144 |
| 2012 | $59,469 + $102,799 $162,268 | $2,170 |
| 2010 | $58,303 + $100,784 $159,087 | $2,134 |
| 2009 | $58,006 + $100,269 $158,275 | $2,055 |
| 2009 | $57,868 + $100,031 $157,899 | $2,055 |
| 2008 | $56,869 + $98,303 $155,172 | $1,971 |
| 2007 | $55,754 + $96,376 $152,130 | $1,905 |
$3,249,000
CRMLS
Listing removed 2024-06-10
$2,999
TheMLSCLAW
Price Changed for rent 2024-04-29
$2,999
TheMLSCLAW
Price Changed for rent 2024-04-06
$2,841
TheMLSCLAW
Listing removed 2024-04-02
$3,599
TheMLSCLAW
Price Changed for rent 2024-04-02
$3,299
TheMLSCLAW
Listed for rent 2024-02-20
$3,399
TheMLSCLAW
Listing removed 2024-02-13
$4,308
TheMLSCLAW
Listing removed 2024-02-13
$3,500
TheMLSCLAW
Listed for rent 2024-02-13
$3,599
TheMLSCLAW
Price Changed for rent 2024-01-11
$4,308
TheMLSCLAW
Listed for rent 2023-12-17
$4,400
TheMLSCLAW
Listed for rent 2023-12-17
$3,500
TheMLSCLAW
Listing removed 2023-12-10
$0
TheMLSCLAW
Listed for rent 2023-11-22
$17,000
TheMLSCLAW
Listing removed 2023-11-15
$25,000
TheMLSCLAW
Listed for rent 2023-11-02
$25,000
TheMLSCLAW
Sold 2021-07-12
$935,000
CRMLS
Sold 1984-06-21
$38,000
Public Record
Year Built: 2024
Building Features: 2
Common Walls: No Common Walls
Entry Level: 1
Entry Location: 1
New Construction: Yes
Property Condition: Turnkey
Levels or Stories: One, Three Or More
Building Total Stories: 1
Structure Type: Apartment
House Style: Modern
Year Built Source: Builder
Electric Expense: 1000.00
Sewer: Sewer: Public Sewer, Water Sewer Expense: 0.00
Electricity Connected
Natural Gas Connected
Water Connected
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.