
Los Angeles, California 90006
This 2023-built High-Potential Investment Opportunity is a modern 4-unit asset listed at $2,390,000, positioned slightly above the $2,368,404 Fair Market Value. Featuring an Excellent Condition Rating, this property offers immediate, stabilized cash flow with a 6.06% cap rate. Each of the four oversized 4-bedroom units includes modern finishes, central HVAC, and in-unit laundry, supported by a 2:1 parking ratio. This is a low-maintenance, turnkey acquisition ideal for Buy-and-Hold Investors or Institutional Portfolios seeking immediate, high-quality rental income in a dense urban market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1731 S New Hampshire Avenue Subject 0 bd · 0 ba · 5,835 sqft · $406 | $2,390,000* List Price | 0 | 0 | 5,835 | $406 | - |
A 1724 Menlo Avenue Active 0 bd · 0 ba · 7,300 sqft · $397 · 0.1 mi | $2,900,000 List Price | 0 | 0 | 7,300 | $397 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property is a new construction built in 2023 (<10 years old) and is in mint condition. It features sleek contemporary kitchens with stainless steel appliances, modern bathrooms, and brand-new central HVAC systems, requiring absolutely no maintenance.
The property is 100% leased at market rents, providing immediate stabilized income from day one with a strong 6.06% cap rate, representing the lowest-priced new construction 4-unit on the market.
Built in 2023, the asset features contemporary finishes, central HVAC, and in-unit laundry, with all utilities (gas, electric, and water) separately metered to keep landlord expenses exceptionally low.
The property offers large 4-bedroom residences averaging nearly 1,500 square feet each, paired with an impressive 2:1 parking ratio consisting of eight on-site parking spaces.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 5835, other record living area = 1172.
Most of the assigned public schools in the immediate area, including Leo Politi Elementary and West Adams Preparatory High, carry lower performance ratings between 2 and 4.
Situated in a highly dense pocket of Pico-Union, the property may experience increased traffic congestion and limited street parking for guests.
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.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 5,835 | 2,090.331 |
| Lot Size | 6,549 | 5,852.908 |
| Price | $2.39M | $830.9K |
| Price per sq ft | $410 | $394 |
| Built year | 2023 | 1928 |
| HOA | $0 | $0 |
| Days on market | 48 | 87 |
Sep 22, 2026
$2,390,000
Initial Listing
Sep 15, 2021
$705,000
Public Record