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… Read More 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
Courtesy of Equity Union 424-600-7620
Listing Snapshot
Days Online
74
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
$883k
-12%
(avg) sold price
2
0%
homes sold
47
-46%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Gas Dryer Hookup
Building
4,494 sq ft, Built in 1913, Levels: Two
Cooling
None
Disclosures
As Is
Garage
Assigned
Lot
LotAcreage: 0.1825, LotSizeArea: 7,950
Parking
TotalParking: 6
Property
NumberOfUnits: 5, Zoning: LARD1.5
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