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1822 S New England St, Los Angeles, CA 90006
$1,300,000
1822 S New England St, Los Angeles, CA 90006View this property at 1822 S New England St, Los Angeles, CA 90006
1822 S New England StLos AngelesCA90006
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Property 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 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)
Full Property Details
Full Property Details for 1822 S New England St
General
- Sold For: $1,300,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 23-300481
- Added to Site: 258 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 8
Additional Information
- Other Features: None
Parking
- Garage Description: Other
Location
- Area: Mid Los Angeles
- County: Los Angeles
- Driving Directions: 1822 S. New England Street, LA 90006
Heating & Cooling
- Cooling Type: Other
- Heating Type: Other
Structural Information
- # Buildings: 1
- Stories/Levels: 2
- Square Feet: 4,506
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1913
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 4
- Unit Type: 2106, 2107, 2108, 2109
Unit 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Total Bathrooms: 1
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.2132
- Lot Size: 9287
- Lot Size Source: Vendor Enhanced
- Zoning: LARD1.5
Financial Considerations
- Price Per Sq. Ft.: $298.49
- Assessment Year: 1913
Disclosures and Reports
- Disclosures/Reports: As Is
- APN: 5056-015-016
Listed by Carolwood Estates, Davis Saadian
Sold by Everyday Investment Group Inc, Duk Hee Kang
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Schools
Schools serving 1822 S New England St
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1626 Orchard Ave, Los Angeles, CA 90006 | K-5 | 0.2 mi | |
1157 S Berendo St, Los Angeles, CA 90006 | 6-8 | 0.7 mi | |
1500 W Washington Blvd, Los Angeles, CA 90007 | 9-12 | 0.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1822 S New England St
Date
Details
Price
Change
Source
11/29/2023
Sold
$1,300,000
-3.35%
MLS
8/14/2023
Listed
$1,345,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1822 S New England St, Los Angeles, CA 90006 (MLS# 23-300481) is a Multi-Family property that was sold at $1,300,000 on November 29, 2023. Want to learn more about 1822 S New England St? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.