9

1822 S NEW ENGLAND ST LOS ANGELES, CA 90006

$1,575,000

Listed By Davis Saadian, Keller Williams Beverly Hills

4

Bedrooms

4

Total Baths

Full Baths

4,506

Square Feet

0.21

Acres

1913

Year Built

Active

Status

MLS#

22-154873

We are pleased to offer the opportunity to acquire this four (4) unit value-add multifamily investment opportunity located at 1822 S. New England Street, well situated in the heart of Koreatown. The investment consists of one (1) structure, constructed of wood frame and stucco on a raised foundation built in 1913, with a square footage of 4,506 on a 9,112-square foot lot. The property consists of four (4) spacious 2-bedroom +1-bathroom units (1-bedroom + 1-bathroom units legally on title), and the development opportunity to construct two (2) additional units, as well as two (2) ADU's to further increase cash flow. The site offers a zoning ordinance of LARD1.5, which allows for the construction of 6 units by right. With a Tier 2 TOC (35% density bonus), this allows for the development of an additional 4 units, totaling a potential 10 buildable units. (Buyer to verify and do their own due diligence)

Details

Year Built
1913
Parking
8
Price / Sq Ft
$350
HOA
No Info
Cooling
Yes
Heating
Yes
On Website
51 Days
Acres
0.2132

Listing Office Keller Williams Beverly Hills, 310-432-6400

MLS# 22-154873

Updated 11:21AM - 6/28/2022

Listing Agent Davis Saadian, 310-402-8958

The multiple listings information is provided by The MLS/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2022 The MLS/CLAW. All Rights Reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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