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$ 949,000
Est. payment | /mo
7 Beds
5 Baths
4,494 SqFt
$ 949,000
Est. payment | /mo
7 Beds
5 Baths
4,494 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,494 sqft
Price per Sqft $211
MLS Listing ID 25491745
Bedrooms 7
HOA Y/N No
Year Built 1913
Lot Size 7,949 Sqft
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 C16 - Mid Los Angeles
Zoning LARD1.5
Interior
Cooling None
Fireplace No
Exterior
Parking Features Assigned
Total Parking Spaces 6
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5056015021
Financing Conventional,Private
Special Listing Condition Standard
Listed by Jonathan Prakash Equity Union
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "