1934-1936 New England St - Apartments FOR SALE


Los Angeles, CA 90007- Harvard Heights
$2,820,000 USD
310-279-7779
1934-1936 New England St, Los Angeles, CA for Sale
$2,820,000 USD
Apartments - FOR SALE
1/10
null | 5.16% Cap Rate

1934-1936 New England St
Los Angeles, CA 90007
Harvard Heights


HIGHLIGHTS

  • Fully remodeled and a high cash flowing investment opportunity in Pico-Union, including a large turn-key two-bedroom/two-bathroom single family home
  • Attractive assumable financing with an existing loan at a 3.4% interest rate allowing a high cash-on-cash return for a Buyer on day one
  • Secured and gated access to the property, with on-site laundry facilities
  • Renovated units feature high-end finishes with open floor plans, custom cabinetry, stainless steel appliances, and designer lighting
  • The property features a new roof and new sewer lines
  • Situated in a desired and dense Pico-Union location with central and easy access to bordering neighborhoods like West Adams, Koreatown, and Downtown

OVERVIEW

Sean Nami is 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, allowing a high and attractive cash-on-cash return for an investor on day one. 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.

FOR SALE DETAILS

PRICE

$2,820,000 USD

PRICE/SF

$510 USD /SF

# OF UNITS

9

PRICE/UNIT

$313,333

CAP RATE

5.16%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1913

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

LARD1.5

APN/PARCEL ID

5056-026-017

ASK ABOUT THIS PROPERTY

Sean NamiLyon Stahl Investment Real EstateMore Info
310-279-7779

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Sean NamiLyon Stahl Investment Real EstateMore Info
310-279-7779

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.