See all 27 photos
$3,250,000
Est. payment /mo
20 BD
7,719 SqFt
Active
1805 S New England Street Los Angeles, CA 90006
UPDATED:
09/20/2024 09:49 PM
Key Details
Property Type Other Types
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 7,719 sqft
Price per Sqft $421
MLS Listing ID CROC24092010
Bedrooms 20
HOA Y/N No
Year Built 2021
Lot Size 6,605 Sqft
Acres 0.15
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
Area Listing
Zoning LARD
Interior
Heating Central
Cooling Central Air
Flooring Laminate, Tile
Fireplace No
Laundry Dryer, Washer
Exterior
Exterior Feature Other
View Y/N true
View Other
Parking Type Other, Private
Total Parking Spaces 8
Building
Lot Description Other, Landscape Misc
New Construction No
Others
Tax ID 5056016018
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Danial Yasrebi • Realty One Group West