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1805 S New England St, Los Angeles, CA 90006
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1805 S New England St Los Angeles, CA 90006

$3,300,000
  • 20 Beds
  • 19 Baths
  • 7,719 Sq.Ft.
For Sale
$3,300,000 Get Pre-Qualified
Map preview of 1805 S New England St, Los Angeles, CA 90006

Property Overview: 1805 S New England St Los Angeles, CA has 20 bedrooms, 19 bathrooms, 7,719 living square feet and 6,605 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: 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.

Listed by Danial Yasrebi | BRE #01916324 | Realty One Group West
Last checked: 59 seconds ago | Last updated: June 5th, 2024 | Source CRMLS | DOM: 36
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Home details

Lot Sq. Ft
6,605
HOA Dues
$0/mo
Year built
2021
Garage
3 Car
Property Type:
Townhouse
Status
Active
MLS#
OC24092010
City
Los Angeles
County
Los Angeles
Time on Site
42 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 4
  • # of Leased Units: 13
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 5
  • Furnishing: Furnished
  • Actual Rent: $5,750
  • Total Rent: $5,750
  • Pro Forma/Market Rent: $6,125
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 4
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $2,525
  • Total Rent: $6,275
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 5
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $3,450
  • Total Rent: $5,750
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 5
  • Furnishing: Furnished
  • Actual Rent: $2,650
  • Total Rent: $6,550
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.7%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $289,846
  • Net Operating Income: $138,750
  • Gross Operating Income: $188,400
  • Vacancy Allowance: $3,768
  • # of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
Annual Expense Breakdown
  • Total Operating Expense: $49,650
  • Trash: $1,200
  • Insurance: $4,762

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Property Details for 1805 S New England St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Dryer Included, Washer Included
Fireplace Information
  • None, Gas
Room Information
  • Flooring: Laminate, Tile
  • Entry, Kitchen, Living Room, Primary Bathroom, Primary Bedroom, Walk-In Closet
Kitchen Information
  • Has Appliances
  • Dishwasher, Freezer, Disposal, Gas Range, Microwave, Refrigerator
Interior Features
  • Balcony, Living Room Balcony, Open Floorplan, Recessed Lighting
  • Levels: Three Or More
  • Window Features: Double Pane Windows
Exterior Features
Exterior Information
  • Roof: Flat
  • Has Fence
  • New Condition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Parking Space, Private
Lot Information
  • Lot Features: Landscaped, Level with Street, Sprinklers Drip System
  • Lot Size Source: Assessor
  • Common Interest: Condominium
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Total # of Units: 4
  • Parcel Number: 5056016018
  • Year Built Source: Assessor
  • Architectural Style: Modern
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Water Available
Location / Neighborhood
Location Information
  • Directions: 10 fwy exit Hoover/washington
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 1805 S New England St

Last sold for $2,699,000 on July 22nd, 2021

  • May, 2024

  • May 21, 2024

    Date

    Active

    CRMLS: OC24092010

    $3,300,000

    Price

  • July, 2021

  • Jul 22, 2021

    Date

    Sold

    CRMLS: BB21106390

    $2,699,000

    Price

  • Jul 22, 2021

    Date

    Active

    CRMLS: BB21106390

    $2,699,000

    Price

  • Listing provided courtesy of CRMLS

    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!

  • May, 2021

  • May 1, 2021

    Date

    Expired

    CRMLS: BB20243344

    $2,699,000

    Price

  • Jan 15, 2021

    Date

    Withdrawn

    CRMLS: BB20243344

    $2,699,000

    Price

  • Dec 10, 2020

    Date

    Active

    CRMLS: BB20243344

    $2,699,000

    Price

  • Nov 19, 2020

    Date

    Coming Soon

    CRMLS: BB20243344

    $2,699,000

    Price

  • Listing provided courtesy of CRMLS

    1805 S New England is a 2020/2021 construction non rent-controlled fourplex in the rapidly-developing Pico-Union neighborhood 7 minutes from USC. It can be delivered fully rented or vacant- buyer’s choice! This is no ordinary new construction double-duplex- it’s a MEGA sized property made up of four enormous 5 bedroom units that will pull in awe-inspiring income. With an almost 6% cap rate at conservative rents (we based our 5 bedroom rents off of 3 and 4 bedroom comps to be extra safe), 1805 S New England is the definition of a “cash cow”. With a prime, central location so close to USC, Downtown LA, Koreatown and Echo Park, these units will draw a huge array of great tenants! The unit mix consists of three 5 bedroom, 5 bathroom units (projected rents of $4,000-$4,300) and one 5 bedroom, 4 bathroom unit (projected rent of $4,200). 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!

  • August, 2019

  • Aug 21, 2019

    Date

    Sold (Public Records)

    Public Records

    $405,000

    Price

  • August, 2019

  • Aug 9, 2019

    Date

    Sold (Public Records)

    Public Records

    $175,000

    Price

Show More

Tax History for 1805 S New England St

Assessed Value (2020): $515,000
Year Land Value Improved Value Assessed Value
2020 $400,000 $115,000 $515,000

Home Value Compared to the Market

This property vs the competition

1805 S New England St is listed 164.21% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $778 and this home is listed at $427.52 per/sqft which puts the price per square foot 45.05% lower than the median price per square foot for the city of Los Angeles.

About 1805 S New England St

Detailed summary of property

1805 S New England St is a townhouse located in Los Angeles, CA 90006 and is currently for sale. This townhouse offers 20 bedrooms, 19 bathrooms, roughly 7,719 living square feet, and sits on an approximately 6,605 square foot lot. 1805 S New England St was first listed on ArdentRealEstateGroup.com on May 14, 2024. The homeowner is currently asking $3,300,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $778. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 164.21% higher than the median priced home. Local competing homes currently for sale include 2311 Effie St, 1801 Micheltorena St and 603 S Mccadden Pl. While the average home in Los Angeles, CA is selling in 98 days, 1805 S New England St has a days on market of 36 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 1805 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 1805 S New England St

Public county record property details
Beds
3
Baths
1
Year built
1902
Sq. Ft.
1,170
Lot Size
6,604
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
26
APN
5056-016-018

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
$839,000
Median List Price/Sq.Ft.
$598
Median Sold Price
$605,000
Median Sold Price/Sq.Ft.
$596
Total Inventory
41
Median Sale to List Price %
96.18%
Avg Days on Market
22
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (25%), Other (25%)

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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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