1822 S New England St, Los Angeles, Los Angeles County, CA, 90006 Los Angeles CA US
Property Details
4
1
Pico - Union
MultiFamily
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 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) Find out more about this property. Request details here
Location
Address
1822 South New England Street, Los Angeles, California 90006, United States
City
Los Angeles
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