Homes for sale - 1758 S New England ST, Los Angeles, CA 90006

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Gregorio Real Estate Group- Josh Gregorio

josh.gregoriorealestategroup@gmail.com +1(661) 447-5111

$ 949,000

Est. payment | -/mo

7 Beds

5 Baths

4,494 SqFt

Save

$ 949,000

Est. payment | -/mo

Save

7 Beds

5 Baths

4,494 SqFt

Key Details

Property 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

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! "

+1(661) 447-5111

josh.gregoriorealestategroup@gmail.com

3400 Calloway Dr Suite 700, Bakersfield, California, 93312, USA

1758 S New England ST Los Angeles, CA 90006