1718 S New England Street Los Angeles, CA ^$ 1,280,000

1718 S New England Street

^$ 1,280,000

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1718 S New England Street

Los Angeles, CA, 90006

^$ 1,280,000

Bedrooms6 Baths4.0 Sq 2,211

Monthly Estimate*

^$ 8,507

Listed by Priming Capital Realty

1718 S New England Street, Los Angeles, CA 90006 - Image 1

1718 S New England Street, Los Angeles, CA 90006 - Image 2

1718 S New England Street, Los Angeles, CA 90006 - Image 3

1718 S New England Street, Los Angeles, CA 90006 - Image 4

1718 S New England Street, Los Angeles, CA 90006 - Image 5

1718 S New England Street, Los Angeles, CA 90006 - Image 6

1718 S New England Street, Los Angeles, CA 90006 - Image 7

1718 S New England Street, Los Angeles, CA 90006 - Image 8

Multi-Family Home for sale in Los Angeles, CA

for $1,280,000 with 6 bedrooms and 4 full baths. This 2,211 square foot home was built in 1902 on a lot size of 0.1823.

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.

Multi-Family Active

Price

^$ 1,280,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Quadruplex

Lot Size

0.1823

Year Built

1902

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

PW23228656

Days on Market

100

Features

General

Sewer PublicSewer

Utilities ElectricityConnected NaturalGasConnected SewerConnected WaterConnected

Appliances GasRange

Zoning LARD1.5

Garage Spaces 0.0

Pool Features None

Security Features SecurityGate

Year Built 1902

Tenant Pays Electricity Gas

View Neighborhood

Stories 1

Levels One

Property SubType Quadruplex

Gross Income 83400.0

Community Features Curbs StreetLights Sidewalks

County Los Angeles

Net Operating Income 54270.0

Operating Expense 29130.0

Insurance Expense 3500.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions S. New England & North of Washington Blvd.

City Los Angeles

Entry Location Front

View Y/N Y

Senior Community Y/N N

Open Parking Spaces 6.0

NumberOfUnitsTotal 4

MLS Area WLA - West Los Angeles

Lot Size Units SquareFeet

Lot Size Square Feet 7939.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name New England

Listing Terms Cash CashtoNewLoan

Spa Features None

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 0.0

Home Warranty Y/N N

Property Condition UpdatedRemodeled

Trash Expense 0.0

Water Sewer Expense 5000.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 8

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 13

Property Sub Type Additional Quadruplex

Interior

Flooring Laminate Tile

Fireplace Features None

Total Stories 1

Common Walls Item2CommonWalls NoOneAbove NoOneBelow

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Street

Laundry Features None

Entry Level 1

Electric On Property Y/N N

Exterior

Lot Features StreetLevel

Water Source Public

Total Parking 6.0

Lot Size Area 7939.0

Number of Buildings 1

Spa N

Building Area Total 2211.0

Lot Size Acres 0.1823

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 4

Number of Separate Electric Meters 4

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 1718

* Excluded Features

List By

Priming Capital Realty

Broker

(562) 348-0047

Phone

Affordability Calculator

$8,507

Per Month

Monthly Principal & Interest: $8,507
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,989,440

Percent of Sale Price 55%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/28/2024	$1,280,000		Listed Price

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1718 S New England Street, Los Angeles, CA, 90006 is a Multi-Family Home for sale at $1,280,000 with 2,211 sqft and a lot size of 0.1823. 1718 S New England Street has 6 bedrooms, 4.0 baths, and was built in 1902. The property's zip code is 90006 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/6/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1718 S New England Street

Multi-Family Home for sale in Los Angeles, CA

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