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1805 S New England Street, Los Angeles, California 90006, Los Angeles, 90006 - bed, bath

1805 S New England Street, Los Angeles, California 90006 home-pic-0
ACTIVE$3,175,000
1805 S New England Street, Los Angeles, California 90006
0Bed
0Bath
7,719Sqft
6,605Lot
Year Built
2021
Close
-
List price
$3.17M
Original List price
$3.3M
Price/Sqft
$411
HOA
-
Days on market
-
Sold On
-
MLS number
OC24092010
Home ConditionExcellent
Features
View-

About this home

We found 2 Cons,3 Pros.

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.

Nearby schools

3/10
Magnolia Avenue Elementary School
Public,•K-6•0.2mi
4/10
Norwood Street Elementary School
Public,•K-5•0.7mi
3/10
Leo Politi Elementary School
Public,•K-5•0.7mi
5/10
Vermont Avenue Elementary School
Public,•K-5•0.8mi
2/10
Tenth Street Elementary School
Public,•K-5•1.0mi
/10
Mariposa-Nabi Primary Center
Public,•K-2•1.0mi
8/10
Hoover Street Elementary School
Public,•K-5•1.1mi
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•1.2mi
3/10
Hobart Boulevard Elementary School
Public,•K-5•1.3mi
3/10
Rfk Community Schools - Ambassador School - Global Education
Public,•K-5•1.3mi
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•0.7mi
3/10
John H. Liechty Middle School
Public,•6-8•1.4mi
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•0.1mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•1.4mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•1.4mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•1.4mi
5/10
Santee Education Complex
Public,•9-12•1.7mi
5/10
Foshay Learning Center
Public,•K-12•1.9mi
3/10
Belmont Senior High School
Public,•9-12•2.0mi
3/10
Nava College Preparatory Academy
Public,•9-12•3.0mi

Price History

Date
Event
Price
07/22/21
Sold
$2,699,000
08/21/19
Sold
$405,000
08/09/19
Sold
$175,000
Condition Rating
Excellent
The property was built in 2021 and features modern amenities, stainless steel appliances, and updated bathrooms. The images confirm a contemporary design and well-maintained condition, justifying an 'excellent' rating.
Pros & Cons

Pros

Prime Location: Located near USC, making it highly desirable for students and faculty.
High Income Potential: Favorable cap rate at full occupancy, estimated around 6.7%, promising lucrative returns.
Modern Amenities: Fully furnished with modern amenities, including sleek stainless steel appliances, providing convenience for renters.

Cons

Partial Vacancy: Currently with an 80% occupancy rate, indicating some vacancy that needs to be addressed.
Application Restriction: Seller is not accepting any applications at this time, potentially delaying full occupancy and income generation.

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