Tannaz Rahbar - Commercial Real Estate Showcase

Tannaz Rahbar Property Listings
Keller Williams - L.A. Brentwood
11812 S San Vicente Blvd
Suite 100
Los Angeles, CA 90049
(310) 826-8200
(310) 361-8912

1822 - 1828 S New England Street

Los Angeles, CA 90006-5314 - Koreatown MF Submarket

Property Type:Multi-Family Number of Units:4 Status:Existing Year Built:1913
Stories:2 Building Size:4,300 SF Land Area:.21 AC (9,121 SF)
For Sale Price:$890,000 Price/Unit:$222,500.00 Cap Rate:4.00 % GRM:-


Sale Notes:
$98/SQFT OF LAND. ***SMALL LOT DEVELOPMENT OPPORTUNITY*** with potential to build 7 Townhomes or 10 apartment units. HUGE LOT. The property is located at an alley corner with TWO (2) ALLEYS on the side and rear of the property, allowing access on 3 sides, perfect for development of TOWNHOMES with private access to each unit or Renovate and flip. RARE HUGE UNITS. MARKET GRM 12.5!! Minutes from Staples Center,/LA live, USC, and DTLA. Unique lot with tons of upside at a great value, considering new regulations enforced by the city on new developments. Gated secure parking for 11 cars. Historically low vacancies. DO NOT WALK ON PROPERTY. "AS-IS, WHERE IS". In with accepted offer. Buyer to rely on their own investigations to determine all aspects of the property, including development potential. Agent is also Seller.

? APN 5056-015-016
? Currently 4 UNITS, two 2bed/1bath, and two 1bed,
? Building: approx 4,300 sqft
? Lot Size 9,122 sqft,
? Zoned RD1.5
? Individually Metered for Gas and Electric
? Excellent freeway and public transportation access
? Rare huge lot with access from 3 sides of property
? Oversized units
? Rapidly gentrifying neighborhood
? Across from West Adams Preparatory High School
? Water heater in each unit
? Private front and rear access for each unit
? Gated secure Parking for 11 cars OFF STREET
? Well maintained, Easy to manage
? Between Vermont and Hoover Streets.

Keller Williams - L.A. Brentwood
Tannaz Rahbar
(310) 826-8200

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