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Listed by Danial Yasrebi • Realty One Group West
$ 3,175,000
Est. payment /mo
Active
1805 S New England Street Los Angeles, CA 90006
7,719 SqFt
UPDATED:
01/10/2025 05:27 AM
Key Details
Property Type Multi-Family
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 7,719 sqft
Price per Sqft $411
MLS Listing ID CROC24092010
HOA Y/N No
Originating Board Datashare California Regional
Year Built 2021
Lot Size 6,605 Sqft
Property Description
Introducing a prime building located near USC, featuring three units, each comprising five bedrooms and five bathrooms, and one unit with five bedrooms and four en-suite bathrooms. All units boast open layouts and high ceilings, with three garages and five uncovered guest parking spaces. Each unit is equipped with its own utility meters, ensuring separate billing. Fully furnished with modern amenities, including sleek stainless steel appliances, this secure gated property offers peace of mind and convenience. With a favorable cap rate at full occupancy, estimated around 6.7%, this investment promises lucrative returns. Its proximity to the freeway ensures easy access to surrounding areas, while its affordability makes it an attractive option for renters. Currently with an 80% occupancy rate, this property presents a compelling opportunity for both investors and residents alike. Due to selling the property, 7 rooms out of 20 are vacant, and the seller is not accepting any applications at this time.
Location
State CA
County Los Angeles
Interior
Heating Central
Cooling Central Air
Flooring Laminate, Tile
Fireplace No
Laundry Dryer, Washer
Exterior
View Other
Building
Lot Description Other, Landscape Misc
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