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1758 S New England St
Los Angeles, CA 90006
Multifamily Property For Sale
·
5 Units
Executive Summary
Exceptional owner-user and investment opportunity in the heart of Pico-Union! A well-maintained five-unit property offering strong income potential and long-term upside. The property consists of two separate buildings including a spacious three-bedroom single-family home and four one-bedroom units, creating a versatile layout ideal for both investors and owner-occupants. The property offers approximately 4,494 square feet of living space on a 7,947 square foot lot, along with six open parking spaces, a valuable amenity in this centrally located Los Angeles neighborhood. Ownership has made several key improvements over time, including upgraded electrical systems (service, main panel, and sub-panels), copper plumbing within the units, newer windows, and roof replacements, helping to reduce future capital expenses (buyer to verify and conduct their own due diligence). For investors, the property offers significant rental upside with strong projected returns and favorable investment metrics. In addition, private financing options may be available, providing flexibility for qualified buyers. Located in the vibrant Pico-Union neighborhood of Los Angeles, the property offers convenient access to Downtown LA, Koreatown, major freeways, shopping, dining, and employment centers!
Property Facts
| Price Per Unit | $189,800 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 4,494 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1913 |
| Apartment Style | Single-Family Home | Parking Ratio | 1.34/1,000 SF |
| Building Class | C | ||
| Zoning | RD1.5, Los Angeles - RD1.5 Zoning TOC Tier 2 State Enterprise Zone | ||
| Price Per Unit | $189,800 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 4,494 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1913 |
| Parking Ratio | 1.34/1,000 SF |
| Zoning | RD1.5, Los Angeles - RD1.5 Zoning TOC Tier 2 State Enterprise Zone |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $1,468 | - |
| 1+1 | 1 | $1,108 | - |
| 1+1 | 1 | $1,900 | - |
| 1+1 | 1 | $940.00 | - |
| 1+1 | 1 | $690.00 | - |
Property Taxes
| Parcel Number | 5056-015-021 | Improvements Assessment | $130,427 |
| Land Assessment | $95,032 | Total Assessment | $225,459 |
Property Taxes
Parcel Number
5056-015-021
Land Assessment
$95,032
Improvements Assessment
$130,427
Total Assessment
$225,459
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