Thank you
Daniel Jung
Priming Capital Realty
562-348-0047
Welcome to 1718 S New England, a renovated fourplex boasting good cash flow, situated in the Pico-Union neighborhood. This property offers the flexibility of arriving fully leased at market rates. This property sits on a spacious LARD1.5 lot spanning 7,937 square feet. Its prime location near USC, Downtown LA, Koreatown, and Echo Park ensures a diverse pool of prospective tenants. The unit configuration comprises two (2) 2 bedroom, 1 bathroom units (currently leased at $2,300 & $2,000, respectively), along with two (2) 1-bedroom, 1-bathroom units (currently rented at $1,350 & 1,300). These units boast numerous updates, such as new stainless steel appliances, laminate flooring, granite countertops, recessed lighting, tankless water heaters, double-paned windows, and recently installed electric panels for units 1722 and 1722 1/2.
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Unit No | Unit Key | Total Bath | Total Bed | Full Bath | Half Bath |
---|---|---|---|---|---|
1 | 1061748472 | 1 | 2 | 1 | 0 |
2 | 1061748472 | 1 | 2 | 1 | 0 |
3 | 1061748472 | 1 | 1 | 1 | 0 |
4 | 1061748472 | 1 | 1 | 1 | 0 |
Water Source : Public
Sewer : Public Sewer
Property Appliances: Gas Range
Fireplace: None
Flooring: Laminate,Tile
Fireplace Features: None
Has Fireplace: 0
Year Built: 1902
Building Area Total: 2,211
Security Gate
None
None
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1823
Lot Size Source: Assessor
Lot Size Square Feet: 7939
Original List Price: 1,280,000
Listing Contract Date: 2024-02-26
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5056014017
Lease Term: Negotiable
Tenant Pays: Electricity,Gas
Source Listing Status: Active
Source Neighborhood: WLA - West Los Angeles
Postal Code Plus 4: 5312
Directions: S. New England & North of Washington Blvd.
Zoning: LARD1.5
Source Property Type: Residential Income
Area: WLA - West Los Angeles
Property SubType: Quadruplex
Property Age: 122
Common Walls: 2+ Common Walls,No One Above,No One Below
Property Condition: Updated/Remodeled
Structure Type: Quadruplex
Year Built Source: Assessor
Entry Level: 1
Entry Location: Front
Property Attached: Yes
Levels or Stories: One
Building Total Stories: 1
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1637 S Vermont Avenue, Los Angeles, CA,90006 | $2,600,000 | -- | -- | -- | 12750 Sqft |
1833 W Pico Boulevard, Los Angeles, CA,90006 | $1,350,000 | -- | -- | -- | 6247 Sqft |
980 S Oxford Avenue #403, Los Angeles, CA,90006 | $770,000 | 3 | 2 | 1,324 | 15497 Sqft |
1661 S Normandie Avenue, Los Angeles, CA,90006 | $1,200,000 | 2 | 1 | 3,396 | 6208 Sqft |
1421 Courtland Avenue, Los Angeles, CA,90006 | $900,000 | -- | -- | 2,087 | 3941 Sqft |
1144 Elden Avenue, Los Angeles, CA,90006 | $3,000,000 | 18 | -- | 9,758 | 7000 Sqft |
1138 S Mariposa Avenue, Los Angeles, CA,90006 | $1,499,000 | 8 | -- | 4,064 | 5904 Sqft |
1125 S Lake Street, Los Angeles, CA,90006 | $968,000 | 9 | 4 | 4,117 | 8579 Sqft |
943 S Normandie Avenue #1, Los Angeles, CA,90006 | $420,000 | 1 | 1 | 338 | 4140 Sqft |
1217 S Kingsley Drive, Los Angeles, CA,90006 | $890,000 | 3 | -- | 1,597 | 5899 Sqft |
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ByOwner last updated this listing 05/16/2024 @ 14:43
MLS: PW23228656
LISTED BY: Daniel Jung, Priming Capital Realty
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.