1629 S New Hampshire Ave Los Angeles, CA 90006
Pico-Union NeighborhoodEstimated payment $16,814/month
Highlights
- Solar Power System
- 8 Car Attached Garage
- Central Heating and Cooling System
About This Home
Presenting 1629 S. New Hampshire Ave, a brand-new, FULLY OCCUPIED, five-unit multifamily property built in 2024. This modern, well-maintained building is an exceptional opportunity for investors, with all five units fully occupied, generating $240,660 in yearly income and offering a strong 6.04% cap rate. The property features open-concept layouts, spacious bedrooms, and modern appliances throughout all five 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. Can be purchased together with 1731 S. New Hampshire Ave. (4 units).
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,980
Year Built
- Built in 2024
Lot Details
- 6,551 Sq Ft Lot
- Lot Dimensions are 50x131
Parking
- 8 Car Attached Garage
Home Design
- Split Level Home
- Raised Foundation
Interior Spaces
- 6,708 Sq Ft Home
- 3-Story Property
Kitchen
- Oven or Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 19 Bedrooms
- 18 Bathrooms
Laundry
- Laundry in unit
- Dryer
- Washer
Additional Features
- Solar Power System
- Central Heating and Cooling System
Community Details
- 2 Buildings
- 5 Units
Listing and Financial Details
- Assessor Parcel Number 5075-018-026
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,980 | $992,228 | $793,783 | $198,445 |
| 2024 | $11,980 | $972,773 | $778,219 | $194,554 |
| 2023 | $11,752 | $953,700 | $762,960 | $190,740 |
| 2022 | $11,210 | $935,000 | $748,000 | $187,000 |
| 2021 | $2,430 | $188,287 | $119,284 | $69,003 |
| 2020 | $2,450 | $186,357 | $118,061 | $68,296 |
| 2019 | $2,361 | $182,704 | $115,747 | $66,957 |
| 2018 | $2,274 | $179,123 | $113,478 | $65,645 |
| 2016 | $2,165 | $172,169 | $109,072 | $63,097 |
| 2015 | $2,134 | $169,584 | $107,434 | $62,150 |
| 2014 | $2,151 | $166,263 | $105,330 | $60,933 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/26/2025 06/26/25 | Price Changed | $2,995,000 | -6.3% | $446 / Sq Ft |
| 02/25/2025 02/25/25 | For Sale | $3,195,000 | +241.7% | $476 / Sq Ft |
| 07/12/2021 07/12/21 | Sold | $935,000 | +27.2% | $707 / Sq Ft |
| 06/10/2021 06/10/21 | For Sale | $735,000 | -21.4% | $556 / Sq Ft |
| 06/08/2021 06/08/21 | Pending | -- | -- | -- |
| 06/02/2021 06/02/21 | Off Market | $935,000 | -- | -- |
| 06/02/2021 06/02/21 | Pending | -- | -- | -- |
| 05/27/2021 05/27/21 | For Sale | $735,000 | -- | $556 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Provident Title Company | |
| Grant Deed | $935,000 | First American Title Company O |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,080,000 | New Conventional | |
| Previous Owner | $585,000 | Credit Line Revolving | |
| Previous Owner | $585,000 | Purchase Money Mortgage | |
| Previous Owner | $89,000 | Unknown |
Source: The MLS
MLS Number: 25502137
APN: 5075-018-026
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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. Properties may or may not be listed by the office/agent presenting the information.
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