1724 S New England, Los Angeles, California 90006, Los Angeles, 90006 - bed, bath
ACTIVE$1,495,000
1724 S New England, Los Angeles, California 90006
0Bed
0Bath
5,269Sqft
7,937Lot
Year Built
1913
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$284
HOA
-
Days on market
-
Sold On
-
MLS number
RS25274987
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.50M(50th), sqft - 5269(50th), beds - undefined(50th), baths - undefined(50th).
Five-unit apartment building located downtown area near schools,stores. Units are located in high rental demand area. (4)1bed/1bath with 2 living rooms (1) 3 bed / 1.75 bath 2 living rooms. Very low maintenance property. Long Term tenants: ***Also selling adjacent building 1732 S New England
Nearby schools
3/10
Magnolia Avenue Elementary School
Public,•K-6•0.1mi
3/10
Leo Politi Elementary School
Public,•K-5•0.6mi
4/10
Norwood Street Elementary School
Public,•K-5•0.7mi
5/10
Vermont Avenue Elementary School
Public,•K-5•0.9mi
2/10
Tenth Street Elementary School
Public,•K-5•0.9mi
/10
Mariposa-Nabi Primary Center
Public,•K-2•1.0mi
8/10
Hoover Street Elementary School
Public,•K-5•1.0mi
3/10
Los Angeles Elementary School
Public,•K-5•1.1mi
3/10
Macarthur Park Elementary School For The Visual And Performing Arts
Public,•K-5•1.1mi
3/10
Rfk Community Schools - Ambassador School - Global Education
Public,•K-5•1.2mi
3/10
Hobart Boulevard Elementary School
Public,•K-5•1.2mi
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•1.4mi
6/10
Carson-Gore Academy Of Enviornmental Studies
Public,•K-5•1.8mi
3/10
Berendo Middle School
Public,•6-8•0.6mi
3/10
John H. Liechty Middle School
Public,•6-8•1.3mi
4/10
John Adams Middle School
Public,•6-8•1.6mi
5/10
Pio Pico Middle School
Public,•6-8•1.7mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•2.3mi
4/10
West Adams Preparatory High School
Public,•9-12•0.2mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•1.3mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•1.3mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•1.3mi
5/10
Santee Education Complex
Public,•9-12•1.7mi
3/10
Belmont Senior High School
Public,•9-12•1.9mi
5/10
Foshay Learning Center
Public,•K-12•1.9mi
3/10
Nava College Preparatory Academy
Public,•9-12•3.1mi
Price History
Date
Event
Price
12/11/25
Listing
$1,495,000
01/31/12
Sold
$485,000
07/25/94
Sold
$150,000
Condition Rating
Poor
The property was built in 1913, making it over a century old. While the exterior appears structurally sound from the aerial images, there are no interior photos to assess the condition of the kitchens, bathrooms, or other critical systems. Given the age and the absence of any mentioned recent renovations, it is highly probable that the interior components, including kitchens, bathrooms, and major systems, are significantly outdated and likely require substantial repairs and rehabilitation to meet current standards. The description of 'low maintenance' and 'long term tenants' does not negate the need for significant updates due to the property's age.
Pros & Cons
Pros
Multi-Unit Investment: This is a five-unit apartment building, offering significant income-generating potential for an investor.
High Rental Demand Location: The property is situated in a downtown area explicitly noted for high rental demand, ensuring a strong tenant pool.
Low Maintenance Property: Described as a 'Very low maintenance property,' which can reduce ongoing operational costs and management effort for the owner.
Stable Tenancy: The presence of 'Long Term tenants' suggests reliable rental income and potentially lower tenant turnover rates.
Portfolio Expansion Opportunity: The adjacent building at 1732 S New England is also for sale, presenting a unique opportunity for a larger acquisition or portfolio growth.
Cons
Property Age: Built in 1913, the property is over a century old, which may imply potential for aging infrastructure and higher long-term capital expenditure requirements despite being described as low maintenance.
Lack of Financial Details: Crucial investment metrics such as current rental income, operating expenses, and cap rate are not provided, necessitating extensive due diligence for financial assessment.
Potential Rent Control: As an older apartment building in Los Angeles, it is highly probable that the property is subject to rent control ordinances, which could limit future rent increases and impact investment returns.