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$3,300,000   Price Analysis
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1805 S New England St
Los Angeles, CA 90006
20 bed 19 bath 7,719 SqFt ($427/SqFt)
6,605SqFt lot. Built 2021
Listed 2024-05-21, Taxes $31,741
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

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, stimated 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.


Presented by Danial Yasrebi at
Realty ONE Group West.


Property MLS #OC24092010 from CRMLS

Bedrooms: 20

Balcony
Living Room Balcony
Open Floorplan
Recessed Lighting
Flooring: Laminate, Tile
Window Features: Double Pane Windows

Appliances: Dishwasher, Freezer, Disposal, Gas Range, Microwave, Refrigerator
Appliances YN: Yes
Laundry Features: Dryer Included, Washer Included

Entry, Kitchen, Living Room, Primary Bathroom, Primary Bedroom, Walk-In Closet

Cooling Features: Central Air
Fireplace Features: Gas
Heating Features: Central
Heating: Yes

Full Bathrooms: 19

Fencing: Fence YN: Yes, Fencing: New Condition
Road Surface Type: Paved

Lot Description: Landscaped, Level with Street, Sprinklers Drip System
Lot Size Acres: 0.1516299
Lot Size Source: Assessor
Lot Size Square Feet: 6605

Garage Spaces: 3
Parking Features: Parking YN: Yes, Parking Features: Parking Space, Private
Parking Total: 8

View: Neighborhood
Green Energy Efficient: Appliances

Number of Units: 4
Bedrooms in Unit-1: 5
Bedrooms in Unit-2: 5
Bedrooms in Unit-3: 5
Bedrooms in Unit-4: 5
Total Bathrooms in Unit-1: 4
Total Bathrooms in Unit-2: 5
Total Bathrooms in Unit-3: 5
Total Bathrooms in Unit-4: 5
Unit-1 Garage Spaces: 2
Unit-2 Garage Spaces: 1

Number of Units Leased: 13
Vacancy Allowance: 3768

Community Features: Curbs, Sidewalks, Street Lights

Source Listing Status: Active
County: Los Angeles
Cap Rate: 6.70
Source Property Type: Residential Income
Insurance Expense: 4762.00
Area: C16 - Mid Los Angeles
Source Neighborhood: C16 - Mid Los Angeles
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 4
Number of Separate Water Meters: 4
Parcel Number: 5056016018
Postal Code Plus 4: 5313
Trash Expense: 1200.00
Zoning: LARD1.5
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$1,699,000 + $1,000,000
$2,699,000
$31,741
2021$116,191 + $404,144
$520,335
$6,387
2020$115,000 + $400,000
$515,000
$6,450
2019$120,000 + $400,000
$520,000
$6,376
2018$7,059 + $24,110
$31,169
$496
2017$6,921 + $23,638
$30,559
$488
2016$6,786 + $23,175
$29,961
$463
2015$6,685 + $22,827
$29,512
$458
2014$6,555 + $22,380
$28,935
$471
2013$6,526 + $22,279
$28,805
$464
2012$6,399 + $21,843
$28,242
$467
2010$6,274 + $21,415
$27,689
$471
2009$6,243 + $21,306
$27,549
$452
2009$6,228 + $21,255
$27,483
$452
2008$6,121 + $20,889
$27,010
$440
2007$6,001 + $20,480
$26,481
$423

Listed 2024-05-21
$3,300,000
CRMLS
Sold 2021-07-22
$2,699,000
CRMLS
Listing removed 2021-01-15
$0
CRMLS
Listed 2020-12-10
$2,699,000
CRMLS
Sold 2019-08-21
$405,000
Public Record

Net Operating Income: 138750.00

Total Square Feet Living: 7719
Year Built: 2021
Building Features: 4
Common Walls: 1 Common Wall, No One Above, No One Below
Entry Level: 1
Entry Location: street
Property Age: 3
Property Attached: Yes
Roof: Flat
Levels or Stories: Three Or More
Building Total Stories: 3
Structure Type: Townhouse
House Style: Modern
Year Built Source: Assessor

Sewer: Sewer: Public Sewer
Electricity Available
Water Available

West Adams Preparatory High School is a public high school located approximately 0.1 miles away.
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Magnolia Avenue Elementary School is a public elementary school located approximately 0.2 miles away.
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Berendo Middle School is a public middle school located approximately 0.7 miles away.
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Los Angeles Christian School is a private elementary and middle school located approximately 0.3 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.