1718 S New England ST, Los Angeles, CA 90006

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$1,280,000

Est. payment - /mo

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7,940 Sqft Lot

Active

1718 S New England ST Los Angeles, CA 90006

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Norma Mardelli

norma@mardellirealestate.com +1(818) 400-3794

UPDATED:

12/05/2024 12:48 AM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW23228656

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1902

Lot Size 7,940 Sqft

Property Description

Welcome to 1718 S New England, a renovated fourplex boasting good cash flow, situated in the Pico-Union neighborhood. This property offers the flexibility of arriving fully leased at market rates. This property sits on a spacious LARD1.5 lot spanning 7,937 square feet. Its prime location near USC, Downtown LA, Koreatown, and Echo Park ensures a diverse pool of prospective tenants. The unit configuration comprises two (2) 2 bedroom, 1 bathroom units (currently leased at $2,300 & $2,000, respectively), along with two (2) 1-bedroom, 1-bathroom units (currently rented at $1,350 & 1,300). These units boast numerous updates, such as new stainless steel appliances, laminate flooring, granite countertops, recessed lighting, tankless water heaters, double-paned windows, and recently installed electric panels for units 1722 and 1722 1/2.

Location

State CA

County Los Angeles

Area Wla - West Los Angeles

Zoning LARD1.5

Interior

Flooring Laminate, Tile

Fireplaces Type None

Fireplace No

Appliance Gas Range

Laundry None

Exterior

Pool None

Community Features Curbs, Street Lights, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

View Neighborhood

Total Parking Spaces 6

Private Pool No

Building

Lot Description Street Level

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5056014017

Security Features Security Gate

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Listed by Daniel Jung • Priming Capital Realty • contact@primingcapitals.com