Los Angeles, CA 90006,1758 S New England St
Los Angeles, CA 90006,1758 S New England St
Los Angeles, CA 90006,1758 S New England St
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$949,000
Est. payment /mo
7 Beds
5 Baths
4,494 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,494 sqft

Price per Sqft $211

MLS Listing ID 25491745

Bedrooms 7

Year Built 1913

Lot Size 7,950 Sqft

Acres 0.1825

Property Sub-Type Multi-Family

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%.

Location

State CA

County Los Angeles

Area Mid Los Angeles

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Other

Cooling None

Equipment Gas Dryer Hookup

Exterior

Parking Features Assigned

Garage Spaces 6.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard


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TheMLS (CLAW)
Listed by Equity Union

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Kirshner Elkin Properties

+1(424) 214-0133

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