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%.
Property Details
Price:
$949,000
MLS #:
25491745
Status:
Active
Baths:
0
Address:
1758 S New England Street
Type:
Residential Income
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Jan 30, 2025
State:
CA
ZIP:
90006
Lot Size:
7,950 sqft / 0.18 acres (approx)
Year Built:
1913
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Schools
Interior
Cooling
None
Exterior
Parking Features
Assigned
Parking Spots
6.00
Stories Total
2
Financial
Map
Community
- Address1758 S New England Street Los Angeles CA
- AreaC16 – Mid Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90006
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1758 S New England Street
Los Angeles, CA
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