Price Reduced Listing
1934 New England Street , Los Angeles, CA 90007
Los Angeles, CA 90007
Description
$295,000 PRICE REDUCTION! 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.
Details
| MLS# | 25498607 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1905 |
| Days On Site | 67 |
| Listing Provided By | Lyon Stahl Investment Real Estate, Inc. 310-425-9838 | Sean Namigohar |
Features
| Bed(s) | 2 |
|---|---|
| Bath(s) | 9 |
| SQ Feet | 5,531 |
| Story(s) | 2 |
| Units | 9 |
| Building(s) | 2 |
| Zoning | LARD1.5 |
| Acreage | 0.16 |
Market Activity 90007
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90007 |
| Area | C16 Mid Los Angeles |
| Listing VS Median (In 90007) | |
Price: $2,525,000 low | high Med: $1,274,999 SqFt: 5,531 low | high Med: 1,872 $ / SqFt: $457 low | high Med: $681 On site: 67 low | high Med: 7.000000 | |