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1911 New England St
Los Angeles, CA 90007
47-Unit Development Opportunity · Land For Sale
·
0.26 AC
Investment Highlights
- Prime Washington Blvd Reposition Opportunity
- Corner Location Close to Los Angeles Convention Center
- 3,749 SF of Buildings on 11,468 SF of Land
Property Facts
| Property Type | Land | Proposed Use | Commercial |
| Property Subtype | Commercial | Total Lot Size | 0.26 AC |
| Zoning | LA C2-1-CPIO | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.26 AC |
| Zoning | LA C2-1-CPIO |
Description
Prime reposition opportunity! Three month-to-month tenants allows a buyer to reposition the property or increase rents. Fantastic exposure with heavy vehicle traffic. Signalized corner location at Washington Blvd and New England Street. 3 blocks west of Hoover Street and 2 blocks north of Santa Monica (I-10) Freeway. One mile west of Convention Center, Staples Center and LA LIVE. Adjacent to West Adams Preparatory High School. TOC: Tier 2. Zoned LA C2-1-CPIO. Traffic count is 35,000 vehicles per day (2018). Current monthly rent: Recycle Yard: $2,400 | Alternators: $300 | Contractor’s Yard: $900. $3,600 total monthly gross income. $43,200 annual gross income.
Property Taxes
| Parcel Number | 5056-026-033 | Improvements Assessment | $11,250,600 |
| Land Assessment | $1,813,073 | Total Assessment | $13,063,673 |
Property Taxes
Parcel Number
5056-026-033
Land Assessment
$1,813,073
Improvements Assessment
$11,250,600
Total Assessment
$13,063,673
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