1718 S New England St Los Angeles, CA 90006
Pico-Union NeighborhoodEstimated payment $7,823/month
Total Views
4,316
6
Beds
4
Baths
2,211
Sq Ft
$542
Price per Sq Ft
Highlights
- No Units Above
- Tile Flooring
- 1-Story Property
- Neighborhood Views
- Level Lot
About This Home
Welcome to 1718 S New England, a renovated fourplex boasting good cash flow, situated in the Pico-Union neighborhood. This property offers the flexibility of arriving fully leased at market rates. This property sits on a spacious LARD1.5 lot spanning 7,937 square feet. Its prime location near USC, Downtown LA, Koreatown, and Echo Park ensures a diverse pool of prospective tenants. The unit configuration comprises two (2) 2-bedroom, 1-bathroom units, along with two (2) 1-bedroom, 1-bathroom units. These units boast numerous updates, such as new stainless steel appliances, laminate flooring, granite countertops, recessed lighting, tankless water heaters, double-paned windows, and recently installed electric panels for units 1722 and 1722 1/2.
Listing Agent
Priming Capital Realty Brokerage Email: contact@primingcapitals.com License #01873455 Listed on: 02/27/2024
Co-Listing Agent
Priming Capital Realty Brokerage Email: contact@primingcapitals.com License #02215008
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,483
Year Built
- Built in 1902 | Remodeled
Lot Details
- 7,939 Sq Ft Lot
- No Units Above
- No Units Located Below
- Two or More Common Walls
- Level Lot
Home Design
- Quadruplex
Interior Spaces
- 2,211 Sq Ft Home
- 1-Story Property
- Neighborhood Views
- Gas Range
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
- Automatic Gate
Additional Features
- Exterior Lighting
- Natural Gas Connected
Listing and Financial Details
- Legal Lot and Block 13 / B
- Tax Tract Number 210
- Assessor Parcel Number 5056014017
Community Details
Overview
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,440
- Insurance Expense $3,800
- Maintenance Expense $1,250
- Pest Control $150
- Water Sewer Expense $6,300
- Operating Expense $28,240
- Gross Income $86,736
- Net Operating Income $58,496
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,483 | $1,271,856 | $838,884 | $432,972 |
| 2024 | $15,483 | $1,246,919 | $822,436 | $424,483 |
| 2023 | $15,190 | $1,222,470 | $806,310 | $416,160 |
| 2022 | $14,495 | $1,198,500 | $790,500 | $408,000 |
| 2021 | $10,006 | $808,288 | $505,180 | $303,108 |
| 2020 | $7,121 | $551,412 | $395,352 | $156,060 |
| 2019 | $6,822 | $540,600 | $387,600 | $153,000 |
| 2018 | $6,677 | $530,000 | $380,000 | $150,000 |
| 2016 | $1,360 | $95,541 | $23,579 | $71,962 |
| 2015 | $1,343 | $94,107 | $23,225 | $70,882 |
| 2014 | $1,370 | $92,265 | $22,771 | $69,494 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/22/2025 07/22/25 | Price Changed | $1,199,000 | -4.1% | $542 / Sq Ft |
| 04/02/2025 04/02/25 | Price Changed | $1,250,000 | 0.0% | $565 / Sq Ft |
| 04/02/2025 04/02/25 | For Sale | $1,250,000 | -2.3% | $565 / Sq Ft |
| 03/10/2025 03/10/25 | Off Market | $1,280,000 | -- | -- |
| 02/27/2024 02/27/24 | For Sale | $1,280,000 | +8.9% | $579 / Sq Ft |
| 04/09/2021 04/09/21 | Sold | $1,175,000 | -1.7% | $531 / Sq Ft |
| 03/01/2021 03/01/21 | For Sale | $1,195,000 | 0.0% | $540 / Sq Ft |
| 06/15/2018 06/15/18 | Rented | $1,350 | -10.0% | -- |
| 06/15/2018 06/15/18 | Under Contract | -- | -- | -- |
| 03/24/2018 03/24/18 | For Rent | $1,500 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,175,000 | Provident Title Company | |
| Quit Claim Deed | -- | Provident Title Company | |
| Grant Deed | $530,000 | Chicago Title Company | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $775,000 | Commercial | |
| Previous Owner | $735,000 | New Conventional | |
| Previous Owner | $160,000 | Stand Alone Second | |
| Previous Owner | $68,336 | Unknown | |
| Previous Owner | $477,000 | New Conventional | |
| Previous Owner | $50,000 | Credit Line Revolving |
Source: Public Records
Similar Homes in the area
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23228656
APN: 5056-014-017
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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