Los Angeles, CA 90006 1718 S New England Street
$1,250,000
3 more
Presented By: Daniel Jung with Priming Capital Realty; contact@primingcapitals.com
Beds • 6
Baths • 4
SQFT • 2,211
Year Built • 1902
Home Details
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, along with two (2) 1-bedroom, 1-bathroom units. 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.
Presented By: Daniel Jung with Priming Capital Realty; contact@primingcapitals.com
Interior Features for 1718 S New England Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore, NoOneAbove, NoOneBelow
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringLaminate, Tile
Heating Y/NNo
Laundry FeaturesNone
Total Stories1
Other Rooms
Entry Level1
General for 1718 S New England Street
Additional Parcels Y/NNo
AppliancesGasRange
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Community FeaturesCurbs, StreetLights, Sidewalks
CountyLos Angeles
DirectionsS. New England & North of Washington Blvd.
Electric Expense0.0
Electric On Property Y/NNo
Entry LocationFront
Garage Spaces0.0
Garage Y/NNo
Gross Income86736.0
HOANo
Home Warranty Y/NNo
Insurance Expense3800.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashToNewLoan
Lot Size Square Feet7939.0
Lot Size UnitsSquareFeet
MLS AreaWLA - West Los Angeles
MaintenanceExpense1250.0
MobileHomeRemainsYNNo
Net Operating Income58496.0
New ConstructionNo
Number Of Units Total4
Open Parking Spaces6.0
Operating Expense28240.0
Pool FeaturesNone
Property Attached Y/NYes
Property ConditionUpdatedRemodeled
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesSecurityGate
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tax Lot13
Tenant PaysElectricity, Gas
Trash Expense0.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
ViewNeighborhood
Water Sewer Expense6300.0
Year Built1902
Year Built SourceAssessor
ZoningLARD1.5
Exterior for 1718 S New England Street
Building Area Total2211.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesStreetLevel
Lot Size Acres0.1823
Lot Size Area7939.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking6.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
Justin Hughey
Price
$1,250,000
MLS#PW23228656
List Date
02/27/2024
Property Type
Multi-Family
Phone
(562) 818-1655
