Property listed by Equity Union, Jonathan Prakash 424-600-7620
$949,000
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… Read More 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%. Read Less
Listing Snapshot
Days Online
4
Last Updated
Property Type
Other
Beds
7
Square Ft.
4,494
Lot Size
0.18 Acres
Year Built
1913
MLS Number
25491745
30 Days Snapshot Of 90006
$906k
+34%
(avg) sold price
4
+100%
homes sold
142
+158%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1913, Building area total: 4,494, Levels: Two, Living area: 4494, 2 stories, 2 buildings
Cooling
None
Income
Gross income: $71,807, Net operating income: $41,599
Lot
0.1825 acres, 7,950 square feet, Size: 7,950
Parking
6 totals parking, Assigned
Property
Zoning: LARD1.5
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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