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Los Angeles, CA 90006 1718 S New England Street

$1,280,000

1718 S New England Street Los Angeles, Ca - Image 11718 S New England Street Los Angeles, Ca - Image 21718 S New England Street Los Angeles, Ca - Image 3
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1718 S New England Street Los Angeles, Ca - Image 41718 S New England Street Los Angeles, Ca - Image 51718 S New England Street Los Angeles, Ca - Image 61718 S New England Street Los Angeles, Ca - Image 7
Presented By: Daniel Jung with Priming Capital Realty; contact@primingcapitals.com
  • MLS# PW23228656
  • 02/27/2024
  • Request Tour
  • Request Info
  • BedBeds • 6
  • BathBaths • 4
  • FootageSQFT • 2,211

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 (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.
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 WallsItem2CommonWalls, NoOneAbove, NoOneBelow
Electric On Property Y/NNo
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
Days on Market8
DirectionsS. New England & North of Washington Blvd.
Electric Expense0.0
Entry LocationFront
Garage Spaces0.0
Garage Y/NNo
Gross Income83400.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense3500.0
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
MaintenanceExpense4000.0
MobileHomeRemainsYNNo
Net Operating Income54270.0
New ConstructionNo
NumberOfUnitsTotal4
Open Parking Spaces6.0
Operating Expense29130.0
Pool FeaturesNone
Private PoolNo
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
View Y/NYes
Water Sewer Expense5000.0
Waterfront Y/NNo
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
SpaNo
Total Parking6.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,280,000
MLS#PW23228656
List Date 02/27/2024
Property Type Multi-Family
Phone 714.964.3311
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*According to the National Association of Realtors