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Listed by Danial Yasrebi • Realty One Group West
$ 3,075,000
Est. payment /mo
Active
1805 South New England Street Los Angeles, CA 90006
7,719 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 7,719 sqft
Price per Sqft $398
MLS Listing ID OC-25032206
Year Built 2021
Lot Size 6,607 Sqft
Property Sub-Type Apartment
Property Description
Prime Investment Opportunity Near USC! Exceptional multi-unit property featuring four spacious units--three with 5 beds/5 baths and one with 5 beds/4 baths. Designed with open layouts, high ceilings, and modern finishes, each unit offers a bright and airy living space. This secure, gated property includes three garages plus five uncovered guest parking spaces, ensuring ample parking. Each unit has separate utility meters, allowing for independent billing. Fully furnished with sleek stainless steel appliances, this turn-key investment is ideal for strong rental demand. With a projected cap rate of 6.5% at full occupancy and an 90% current occupancy rate, this property presents an incredible income-generating opportunity. Located near major freeways for easy access to surrounding areas, this high-demand rental location is perfect for investors seeking strong cash flow and appreciation potential.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD1.5
Interior
Interior Features High Ceilings, Living Room Balcony, Open Floorplan
Heating Central
Cooling Central Air
Fireplaces Type None
Laundry Dryer Included, Washer Included
Exterior
Parking Features Gated
Garage Spaces 3.0
Pool None
Community Features Curbs, Sidewalks, Street Lights
Utilities Available Water Available, Electricity Available, Natural Gas Available
Building
Lot Description 11-15 Units/Acre
Sewer Public Sewer