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$ 949,000
Est. payment | /mo
4,494 SqFt
$ 949,000
Est. payment | /mo
4,494 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,494 sqft
Price per Sqft $211
MLS Listing ID CL25491745
HOA Y/N No
Year Built 1913
Lot Size 7,950 Sqft
Acres 0.18
Property Sub-Type Other
Property Description
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%.
Location
State CA
County Los Angeles
Zoning LARD
Interior
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 5056015021
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Listed by Jonathan Prakash • Equity Union