1718 S New England St 4 Unit Apartment Building $1,199,000 ($299,750/Unit) 5% Cap Rate Los Angeles, CA 90006

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.