1805 South New England Street Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90006
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 7,719 sqft
Price per Sqft $421
MLS Listing ID OC-24092010
Style Modern
Year Built 2021
Lot Size 6,605 Sqft
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.
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Interior Features Balcony,Living Room Balcony,Open Floorplan,Recessed Lighting
Heating Central
Cooling Central Air
Flooring Laminate,Tile
Fireplaces Type None,Gas
Laundry Dryer Included,Washer Included
Exterior
Parking Features Parking Space,Private
Garage Spaces 3.0
Pool None
Community Features Curbs,Sidewalks,Street Lights
Utilities Available Water Available,Electricity Available
View Y/N Yes
Building
Lot Description Landscaped,Level with Street,Sprinklers Drip System
Sewer Public Sewer