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FOR SALE
$1,545,000

1822 S New England Street
Los Angeles, CA 90006

Other
Residential Income
4
Beds
4
Baths
4,506
Sq. Ft.
0.2132
Acre Lot
1of
Photos
Map
Courtesy: Davis Saadian CalDRE: 01921748 - Compass
Showcase> California> Los Angeles> 90006
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)
22200213
Other, 2 Story
4
4
1913
Los Angeles
0.2132 Acres
2
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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