1758 S New England Street, Los Angeles, CA 90006 - Berkshire Hathaway HomeServices California Properties

1758 S New England Street, Los Angeles, CA 90006

$949,000 Approx. USD 7 beds, 5 baths
4,494 sqft

Listing Agent


Jonathan Prakash | jonathan.prakash@equityunion.com
Lic#: 01483131
Broker: Courtesy of Equity Union

Agent Remarks

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 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%.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25491745
Price: $949,000
Beds: 7
Baths: 5
Built in 1913
4,494 sqft
2 stories
0.18 acres
Lot size: 0.1825
County: Los Angeles
Zoning: LARD1.5
Parking description: Assigned
Heating/cooling: None
MLS area: C16 - Mid Los Angeles

Last Updated: 2/7/2025

 Days On Market (DOM): 51

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This listing belongs to the C16 - Mid Los Angeles MLS area

Lat/Long: 34.041486, -118.287346.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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