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$3,075,000

Beds
Unknown
sq ft
Unknown

1805 S New England St, Los Angeles, CA 90006

1805 S New England St

Los Angeles, CA 90006

  • 16 days on market
Prime Investment Opportunity Near USC! Exceptional multi-unit property featuring four spacious units—three with 5 beds/5 baths and one with 5 beds/4 baths. Designed with open layouts, high ceilings, and modern finishes, each unit offers a bright and airy living space. This secure, gated property includes three garages plus five uncovered guest parking spaces, ensuring ample parking. Each unit has separate utility meters, allowing for independent billing. Fully furnished with sleek stainless steel appliances, this turn-key investment is ideal for strong rental demand. With a projected cap rate of 6.5% at full occupancy and an 90% current occupancy rate, this property presents an incredible income-generating opportunity. Located near major freeways for easy access to surrounding areas, this high-demand rental location is perfect for investors seeking strong cash flow and appreciation potential.

Details

Property type

Apartment

Est. home value

$2,903,358

Lot size

6,607 sq ft

Price per sq ft

Unknown

Year built

2021

HOA

No

Price History

02/15/2025
CRMLS

CRMLS #OC25032206

Listed
$3,075,000
-3.15%
02/13/2025
CRMLS

CRMLS #OC24092010

Removed
$3,175,000
01/09/2025
CRMLS

CRMLS #OC24092010

Price change
$3,175,000
-2.31%

Schools & Community

Neighborhood: 

Harvard Heights

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Street Lights, Sidewalks

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$1,091,220
Asking price
$3,075,000
Closing costs (~8% of asking)
-$246,000
Est. remaining loan balance
-$1,737,780
Cash to seller
$1,091,220

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Nexera Holding Llc

Loan start date

June 2021

Original loan amount

$1,889,300

Est. remaining balance

$1,737,780

Interest rate

2.96%

Loan type

New Conventional, 30 year

Seller

Albert B Bitong and Milagros A Bitong

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/04/2025 at 3:10 AM

Listing updated: 02/26/2025 at 12:20 PM

Listed by: Danial Yasrebi, Danial Yasrebi, Realty One Group WestRealty One Group West Phone #: (949) 783-2400

MLS: CRMLS #OC25032206

CRMLS logo

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