1805 S New England Street

Los Angeles, CA 90006

PRICE REDUCED

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-$50,000 (-1.52%)

$3,250,000

List Price

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2021

calendar_month Built

Property Description

Introducing a prime building located near USC, featuring three units, each comprising five bedrooms and five bathrooms, and one unit with five bedrooms and four en-suite bathrooms. All units boast open layouts and high ceilings, with three garages and five uncovered guest parking spaces. Each unit is equipped with its own utility meters, ensuring separate billing. Fully furnished with modern amenities, including sleek stainless steel appliances, this secure gated property offers peace of mind and convenience. With a favorable cap rate at full occupancy, estimated around 6.7%, this investment promises lucrative returns. Its proximity to the freeway ensures easy access to surrounding areas, while its affordability makes it an attractive option for renters. Currently with an 80% occupancy rate, this property presents a compelling opportunity for both investors and residents alike. Due to selling the property, 7 rooms out of 20 are vacant, and the seller is not accepting any applications at this time.

Listing Information

List Price $3,250,000
Status Active
MLS OC24092010
Type Residential Income
Subtype Townhouse
Year Built 2021
Lot Size 6,605
Structure Size N/A
DOM 197
Courtesy Of Realty One Group West
Listing Agent Danial Yasrebi DRE#01916324

Interior Features

Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Flooring Information
Material Laminate, Tile
Fireplace Information
Features Gas, None
Additional Information
Additional Features Balcony, Open Floorplan, Recessed Lighting, Walk-In Closet(s)
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: Danial Yasrebi, Realty One Group West . *Based on information from the Association of REALTORS/Multiple Listing as of Dec 5th, 2024 at 1:57 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.