1718 S New England St - Apartments FOR SALE


Los Angeles, CA 90006- Harvard Heights
$1,199,000 USD
562-348-0047
1718 S New England St, Los Angeles, CA for Sale
$1,199,000 USD
Apartments - FOR SALE
1/15
null | 5% Cap Rate

1718 S New England St
Los Angeles, CA 90006
Harvard Heights


HIGHLIGHTS

  • Fully renovated fourplex with modern finishes and energy-efficient upgrades.
  • Strong in-place cash flow with all units leased at market rates.
  • Spacious 7,937-square-foot LARD1.5 lot offering future redevelopment potential.
  • Prime location near USC, Downtown LA, Koreatown, and major transit corridors.
  • Recent improvements include new electric panels, tankless water heaters, and double-paned windows.
  • Secure gated entry and ample on-site parking for tenant convenience.

OVERVIEW

1718 S New England Street presents an attractive investment opportunity in the vibrant Pico-Union neighborhood of Los Angeles. This fully renovated fourplex offers a strong income profile with all units leased at market rates, providing immediate cash flow for investors. The property sits on a generous 7,937-square-foot LARD1.5 lot, allowing for potential future redevelopment or expansion under Los Angeles zoning guidelines. The unit mix includes two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, each featuring modern upgrades such as stainless steel appliances, granite countertops, recessed lighting, laminate flooring, and tankless water heaters. Recent improvements include updated electric panels and double-paned windows, enhancing energy efficiency and reducing maintenance costs. Located near USC, Downtown Los Angeles, Koreatown, and Echo Park, the property benefits from strong rental demand and a diverse tenant base. Its proximity to major employment centers, cultural attractions, and transit options ensures long-term stability and growth potential. With a combination of updated interiors, a desirable location, and solid in-place income, this asset is well-positioned for investors seeking a turnkey multifamily property in a high-demand urban market.

FOR SALE DETAILS

PRICE

$1,199,000 USD

PRICE/SF

$542 USD /SF

# OF UNITS

4

PRICE/UNIT

$299,750

CAP RATE

5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1902

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,937 SF

ZONING

RD1.5

APN/PARCEL ID

5056-014-017

ASK ABOUT THIS PROPERTY

Daniel JungPriming CapitalMore Info
562-348-0047

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Daniel JungPriming CapitalMore Info
562-348-0047

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.