1934 New England ST Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90007
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,531 sqft
Price per Sqft $509
MLS Listing ID 25498607
Bedrooms 2
HOA Y/N No
Year Built 1905
Lot Size 7,000 Sqft
Property Description
We're proud to present 1934 New England Street, a remodeled 9-unit building in the heart of the Pico-Union submarket in Los Angeles, situated just outside of Downtown LA and West Adams. The property presents a high cash-flowing investment opportunity, and also has the option to obtain with highly desired assumable financing, with the existing loan interest rate fixed at 3.4% until August 2026. The property features a spacious and turn-key two-bedroom, two-bathroom single-family home on the lot, along with 8 other multi-family units. The building has been thoughtfully renovated to meet modern standards, making it an attractive opportunity for an investor to acquire a high yield opportunity on day one. The renovated units boast high-end finishes, designed with contemporary living in mind, with units featuring open floor plans that maximize space, custom cabinetry, stainless steel appliances, and designer lighting. The property is secured with gated access for added privacy, while on-site laundry facilities provide convenience for residents. Additionally, recent upgrades, including a new roof and new sewer lines, enhance the longevity and value of investment. Located in the desirable and rapidly growing Pico-Union neighborhood, this property offers central and convenient access to surrounding areas such as West Adams, Koreatown, and Downtown Los Angeles. It is just minutes away from major attractions like Crypto.com Arena, LA Live, and a dynamic array of new and expanding retail shops. With the neighborhood experiencing continuous growth, strong employment opportunities, and an abundance of transit options, this property is ideally positioned for long-term appreciation and steady rental demand.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD1.5
Interior
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Fireplace No
Appliance Dishwasher,Microwave,Dryer,Washer
Exterior
Parking Features None
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5056026017
Special Listing Condition Standard