1822 South New England Street
1822 South New England Street
$1,300,000
8
4
4,506
4,506
$289
Sold 11/29/23
Description
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 Korea-town. 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 (Permitted 1-bedroom + 1-bathroom units on title), and...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 Korea-town. 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 (Permitted 1-bedroom + 1-bathroom units 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 total 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)
- Listed by Davis Saadian • DRE #01921748 • Brokerage DRE #01013548 • Carolwood Estates
Property Details for 1822 South New England Street
Zoning
LARD1.5
Parcel Number5056015016
Total Units4.0
Living Area4506
Source Living AreaVendor Enhanced
AreaMid Los Angeles (C16)
Vacancy Rate0
Lot Size Area9287
Location
LISTING UPDATED: 12/01/2023 03:07 PM
Property Details for 1822 South New England Street
Status | Sold |
---|---|
MLS # | 23-300481 |
Days on Market | 66 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1913 |
Lot Size | 0.21 AC / 9,287 SF |
County | Los Angeles County |
Location
Building Information for 1822 South New England Street
Stories2Residences-Year Built1913Building Size-Lot Size0.21 AC / 9,287 SF
Payment Calculator
$8,304 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1822 South New England Street
Property History for 1822 South New England Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1822 South New England Street
Taxable ValueLand$874,915Additions$273,409Total$1,148,324
Tax Record2023$14,506 ($1,209 / month)
Home Facts
Total Finished SqFt4,506 SqFtAbove Grade Finished SqFt4,506 SqFtLot Size9,122 SqFtStyleQuadraplexYear Built1913ZoningLARD1.5CountyLOS ANGELESAPN5056-015-016
Schools near 1822 South New England Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Magnolia Avenue Elementary School PublicK to 5 | ||
Berendo Middle School Public6 to 8 | ||
West Adams Preparatory High School Public9 to 12 | ||
Alliance Gertz-Ressler Richard Merkin 6-12 Complex Charter6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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