1758 S New England Street, Los Angeles, CA 90006
-
Listed Price :
$949,000
-
Beds :
7
-
Baths :
5
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Property Size :
4,494 sqft
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Year Built :
1913
Property Description
Fantastic value-add and owner/user opportunity at 1758 S New England Street - a five unit multifamily investment located in the Pico-Union area of Los Angeles. The property has two buildings that consist of one (1) three-bedroom single family home and four (4) one-bedroom units. A one-bedroom unit is currently vacant and will remain vacant for a potential owner/user or a new investor. The property totals 4,494 SF and sits on a 7,947 SF lot with a total of 6 open parking spaces. There is PRIVATE FINANCING available for the subject property for a new Buyer or an owner/user. The owner has upgraded the property with the following: electrical (service, main panel, and sub-panels), copper plumbing in the units, new windows, newer roof replacements, and more (Buyer to verify and conduct due diligence). Further, the subject property has tremendous rental upside with a pro forma GRM of 8.15 and CAP rate of 8.94%.
Interior Features
| Bedroom Information |
| Bedrooms |
7 |
| Bathroom Information |
| Bathrooms |
5 |
| Interior Information |
| Cooling Type |
None |
Listing Information
| Address |
1758 S New England Street |
| City |
Los Angeles |
| State |
CA |
| Zip |
90006 |
| County |
Los Angeles |
| Listing Agent |
Jonathan Prakash DRE #01483131 |
| Courtesy Of |
Equity Union |
| List Price |
$949,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
4,494 |
| Lot Size |
7,950 |
| Year Built |
1913 |
Listing information courtesy of: Jonathan Prakash, Equity Union. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 31st, 2025 at 4:38 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
