1805 South New England Street
$2,699,000
20
20
7,509
7,509
$359
Closed 7/22/21
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Description
1805 S New England is a 2021 construction non rent-controlled fourplex in the rapidly-developing Pico-Union neighborhood 7 minutes from USC. This massive property is FULLY RENTED at a whopping $17,200 per month with an outstanding “master tenant” who will be using the units for corporate leasing/Airbnb-style rentals. With a REAL 6.06% CAP RATE, 1805 S New England is the definition of a “cash cow”. This is no ordinary new construction double-duplex- it’s a MEGA sized property made up of four enormous...1805 S New England is a 2021 construction non rent-controlled fourplex in the rapidly-developing Pico-Union neighborhood 7 minutes from USC. This massive property is FULLY RENTED at a whopping $17,200 per month with an outstanding “master tenant” who will be using the units for corporate leasing/Airbnb-style rentals. With a REAL 6.06% CAP RATE, 1805 S New England is the definition of a “cash cow”. This is no ordinary new construction double-duplex- it’s a MEGA sized property made up of four enormous 5 bedroom units. With a prime, central location so close to USC, Downtown LA, Koreatown and Echo Park, this area is experiencing tremendous growth and steady gentrification. The unit mix consists of three 5 bedroom, 5 bathroom units and one 5 bedroom, 4 bathroom unit. These units define upscale urban living, with expertly designed open floorplans, stainless steel appliances, high ceilings, stunning white cabinetry, sleek tilework, numerous balconies throughout, and a spacious back yard area. Other perks to note include: a 1 year fit and finish warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters!
- Listed by Elizabeth Maddox • DRE #01921425 • Brokerage DRE #01921425 • The 2-4 Unit Specialists
- Listed by Isaac Davidi • DRE #01819489 • Brokerage DRE #01819489 • On Track Property
Property Details for 1805 South New England Street
Architectural Style
Modern
ViewNeighborhood
Parking Spaces Total8
Private PoolNo
Cooling TypeCentral Forced Air
Total Units4.0
Building TypeAttached
Lot Size SourceAssessor
LISTING UPDATED: 07/22/2021 08:00 AM
Property Details for 1805 South New England Street
Status | Closed |
---|---|
MLS # | BB21106390 |
Days on Market | 1 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 2021 |
Lot Size | 0.15 AC / 6,605 SF |
County | Los Angeles County |
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Building Information for 1805 South New England Street
Stories3Residences-Year Built2021Building Size-Lot Size0.15 AC / 6,605 SF
Property Information for 1805 South New England Street
Property History for 1805 South New England Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1805 South New England Street
Taxable ValueLand$1,040,400Additions$1,767,639Total$2,808,039
Tax Record2024$33,969 ($2,831 / month)
Home Facts
Beds3Total Finished SqFt1,170 SqFtAbove Grade Finished SqFt1,170 SqFtStories1Lot Size6,605 SqFtStyleSingle Family ResidenceYear Built1902ZoningLARD1.5CountyLOS ANGELESAPN5056-016-018
Schools near 1805 South New England Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Magnolia Avenue Elementary School PublicK to 5 | ||
Berendo Middle School Public6 to 8 | ||
West Adams Preparatory High School Public9 to 12 | ||
Alliance Gertz-Ressler Richard Merkin 6-12 Complex Charter6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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