Property listed by Lyon Stahl Investment Real Estate, Inc., Sean Namigohar 310-425-9838
$2,695,000
We're proud to present 1934 New England Street, a remodeled 9-unit building in the heart of the Pico-Union submarket in Los Angeles, situated just outside of Downtown LA and West Adams. The property presents a high cash-flowing investment opportunity, and also has the option to obtain with highly desired assumable… Read More financing, with the existing loan interest rate fixed at 3.4% until August 2026. The property features a spacious and turn-key two-bedroom, two-bathroom single-family home on the lot, along with 8 other multi-family units. The building has been thoughtfully renovated to meet modern standards, making it an attractive opportunity for an investor to acquire a high yield opportunity on day one. The renovated units boast high-end finishes, designed with contemporary living in mind, with units featuring open floor plans that maximize space, custom cabinetry, stainless steel appliances, and designer lighting. The property is secured with gated access for added privacy, while on-site laundry facilities provide convenience for residents. Additionally, recent upgrades, including a new roof and new sewer lines, enhance the longevity and value of investment. Located in the desirable and rapidly growing Pico-Union neighborhood, this property offers central and convenient access to surrounding areas such as West Adams, Koreatown, and Downtown Los Angeles. It is just minutes away from major attractions like Crypto.com Arena, LA Live, and a dynamic array of new and expanding retail shops. With the neighborhood experiencing continuous growth, strong employment opportunities, and an abundance of transit options, this property is ideally positioned for long-term appreciation and steady rental demand. Read Less
Listing Snapshot
Days Online
49
Last Updated
Property Type
Other
Beds
2
Square Ft.
5,531
Lot Size
0.16 Acres
Year Built
1905
MLS Number
25498607
30 Days Snapshot Of 90007
$1,000k
+8%
(avg) sold price
1
0%
home sold
64
+72%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Microwave, Dryer, Washer
Building
Built in 1905, Building area total: 5,531, Levels: MultiSplit, Living area: 5531, 2 buildings
Heating
WallFurnace
Income
Gross income: $220,824, Net operating income: $145,370
Interior Features
CeilingFans
Lot
0.1607 acres, 7,002 square feet, Size: 7,002
Parking
None
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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