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1718 S New England St, Los Angeles, CA 90006
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1718 S New England St Los Angeles, CA 90006

$1,280,000
  • 6 Beds
  • 4 Baths
  • 2,211 Sq.Ft.
For Sale
$1,280,000 Get Pre-Qualified
Map preview of 1718 S New England St, Los Angeles, CA 90006

Property Overview: 1718 S New England St Los Angeles, CA has 6 bedrooms, 4 bathrooms, 2,211 living square feet and 7,939 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Welcome to 1718 S New England, a renovated fourplex boasting good cash flow, situated in the Pico-Union neighborhood. This property offers the flexibility of arriving fully leased at market rates. This property sits on a spacious LARD1.5 lot spanning 7,937 square feet. Its prime location near USC, Downtown LA, Koreatown, and Echo Park ensures a diverse pool of prospective tenants. The unit configuration comprises two (2) 2 bedroom, 1 bathroom units (currently leased at $2,300 & $2,000, respectively), along with two (2) 1-bedroom, 1-bathroom units (currently rented at $1,350 & 1,300). These units boast numerous updates, such as new stainless steel appliances, laminate flooring, granite countertops, recessed lighting, tankless water heaters, double-paned windows, and recently installed electric panels for units 1722 and 1722 1/2.

Listed by Daniel Jung | BRE #01873455 | Priming Capital Realty
Last checked: 16 minutes ago | Last updated: March 6th, 2024 | Source CRMLS | DOM: 55
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Home details

Lot Sq. Ft
7,939
HOA Dues
$0/mo
Year built
1902
Garage
--
Property Type:
Fourplex
Status
Active
MLS#
PW23228656
City
Los Angeles
County
Los Angeles
Time on Site
65 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,300
  • Total Rent: $2,300
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $83,400
  • Net Operating Income: $54,270
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $29,130
  • Electric: $0
  • Trash: $0
  • Gardener: $1,440
  • Insurance: $3,500
  • Maintenance: $4,000
  • Water/Sewer: $5,000

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Property Details for 1718 S New England St

Interior Features
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate, Tile
Kitchen Information
  • Has Appliances
  • Gas Range
Interior Features
  • Levels: One
  • Security Features: Automatic Gate
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Total # of Units: 4
  • Parcel Number: 5056014017
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: S. New England & North of Washington Blvd.
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 1718 S New England St

Last sold for $1,175,000 on April 9th, 2021

  • February, 2024

  • Feb 27, 2024

    Date

    Active

    CRMLS: PW23228656

    $1,280,000

    Price

  • April, 2021

  • Apr 12, 2021

    Date

    Sold

    CRMLS: BB21042483

    $1,175,000

    Price

  • Mar 1, 2021

    Date

    Active

    CRMLS: BB21042483

    $1,195,000

    Price

  • Listing provided courtesy of CRMLS

    1718 S New England is a high cash flow, renovated fourplex in the rapidly-developing Pico-Union neighborhood 7 minutes from USC. It can be delivered fully rented at market rents or with one unit vacant- buyer’s choice! Both great options. Either live in the gorgeously updated vacant unit and have the other 3 units pay your mortgage, or rent out all the units for an outstanding 4.63% cap rate! For those of you looking to build in the future, this property is located on a large (7,937 square foot) LARD1.5 lot! With a prime, central location so close to USC, Downtown LA, Koreatown and Echo Park, these units will draw a huge array of outstanding tenants! The unit mix consists of two 2 bedroom, 1 bathroom units (one unit currently rented at $2,300 and the other unit vacant, but can be leased at $1,900- countless prospects ready to take next steps) and two 1 bedroom, 1 bathroom units (both rented at $1,350). These units feature an unlimited supply of updates including, but not limited to: new stainless steel appliances, laminate flooring, granite countertops, recessed lighting, tankless water heaters, double paned windows, and new electric panels for units 1722 and 1722 1/2.

  • June, 2018

  • Jun 18, 2018

    Date

    Leased

    CRMLS: SR18078890

    $1,350

    Price

  • May 3, 2018

    Date

    Price Change

    CRMLS: SR18078890

    $1,350

    Price

  • Apr 6, 2018

    Date

    Active

    CRMLS: SR18078890

    $1,500

    Price

  • Listing provided courtesy of CRMLS

    Newly remodeled one bedroom, one bath apartment in a four unit property. There are two units available. Near USC and Downtown. Both units have laminate flooring, recessed lighting and granite countertops.

  • October, 2017

  • Oct 25, 2017

    Date

    Sold (Public Records)

    Public Records

    $530,000

    Price

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Tax History for 1718 S New England St

Assessed Value (2020): $551,412
Year Land Value Improved Value Assessed Value
2020 $395,352 $156,060 $551,412

Home Value Compared to the Market

This property vs the competition

1718 S New England St is listed 4.49% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $578.92 per/sqft which puts the price per square foot 25.2% lower than the median price per square foot for the city of Los Angeles.

About 1718 S New England St

Detailed summary of property

1718 S New England St is a fourplex located in Los Angeles, CA 90006 and is currently for sale. This fourplex offers 6 bedrooms, 4 bathrooms, roughly 2,211 living square feet, and sits on an approximately 7,939 square foot lot. 1718 S New England St was first listed on ArdentRealEstateGroup.com on February 27, 2024. The homeowner is currently asking $1,280,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 4.49% higher than the median priced home. Local competing homes currently for sale include 1446 S Burlington Ave, 1256 W 22nd St and 1102 W 18th St. While the average home in Los Angeles, CA is selling in 96 days, 1718 S New England St has a days on market of 55 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 1718 S New England St Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1718 S New England St

Public county record property details
Beds
6
Baths
4
Year built
1902
Sq. Ft.
2,211
Lot Size
7,936
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
13
APN
5056-014-017

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,000
Median List Price/Sq.Ft.
$606
Median Sold Price
$690,000
Median Sold Price/Sq.Ft.
$600
Total Inventory
32
Median Sale to List Price %
98.71%
Avg Days on Market
36
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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