RealKey
‪(213) 433-7766‬

1731 S New England Street, Los Angeles, California 90006, Los Angeles, 90006 - 7 bed, 5 bath

1731 S New England Street, Los Angeles, California 90006 home-pic-0
ACTIVE$1,350,000
1731 S New England Street, Los Angeles, California 90006
7Beds
5Baths
2,696Sqft
4,639Lot
Year Built
1912
Close
-
List price
$1.35M
Original List price
$1.35M
Price/Sqft
$501
HOA
-
Days on market
-
Sold On
-
MLS number
TR24029418
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.35M(50th), sqft - 2696(50th), beds - 7(75th), baths - 5(75th).

**INCOME PRODUCING PROPERTY** This newly renovated property boasts a fully permitted ADU and multiple bedrooms in each living space to maximize rental income. Even the finest details were not passed up on to make this property virtually brand new. The sleek colors and design makes this home rentable to a full spectrum of tenants. As you approach the property you will notice the designer wood entry gate to keep the driveway private. As you enter the main home laminate flooring throughout brings you to the kitchen with full stainless steel appliances. The accented barn door keeps a great separation through the home. 4 bedrooms downstairs and the upstairs bedroom and bath is like a 2nd master bedroom suite. Concrete throughout the exterior makes for a low maintenance yard and offers plenty of parking. The main house addressed at 1731 S New England St is so roomy it has 5 bedrooms and 3 bath and spans 2,198 sq ft of living space. The ADU has a complete Certificate of Occupancy and is addressed at 1733 S New England St and is 498 sqft with 2 bedrooms and 1 bath. Separate electric and gas meters. Shared water. Both units have their own interior laundry area. Please do not disturb tenants. Offers will be contingent upon interior inspection. Don’t miss your chance to own a strong revenue generating property in the heart of Los Angeles. See private remarks for rental history and current rent amounts.

Nearby schools

3/10
Magnolia Avenue Elementary School
Public,•K-6•0.1mi
3/10
Leo Politi Elementary School
Public,•K-5•0.6mi
4/10
Norwood Street Elementary School
Public,•K-5•0.7mi
5/10
Vermont Avenue Elementary School
Public,•K-5•0.9mi
2/10
Tenth Street Elementary School
Public,•K-5•0.9mi
/10
Mariposa-Nabi Primary Center
Public,•K-2•1.0mi
8/10
Hoover Street Elementary School
Public,•K-5•1.0mi
3/10
Los Angeles Elementary School
Public,•K-5•1.1mi
3/10
Macarthur Park Elementary School For The Visual And Performing Arts
Public,•K-5•1.2mi
3/10
Rfk Community Schools - Ambassador School - Global Education
Public,•K-5•1.2mi
3/10
Hobart Boulevard Elementary School
Public,•K-5•1.2mi
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•1.4mi
6/10
Carson-Gore Academy Of Enviornmental Studies
Public,•K-5•1.8mi
3/10
Berendo Middle School
Public,•6-8•0.6mi
3/10
John H. Liechty Middle School
Public,•6-8•1.4mi
4/10
John Adams Middle School
Public,•6-8•1.6mi
5/10
Pio Pico Middle School
Public,•6-8•1.7mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•2.3mi
4/10
West Adams Preparatory High School
Public,•9-12•0.2mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•1.3mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•1.3mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•1.3mi
5/10
Santee Education Complex
Public,•9-12•1.8mi
5/10
Foshay Learning Center
Public,•K-12•1.9mi
3/10
Belmont Senior High School
Public,•9-12•1.9mi
3/10
Nava College Preparatory Academy
Public,•9-12•3.1mi

Price History

Date
Event
Price
04/23/20
Sold
$625,000
02/21/20
Sold
$440,000
07/29/15
Sold
$480,000
Condition Rating
Excellent
Despite being built in 1912, the property has undergone a recent and extensive renovation, described as 'virtually brand new.' The images confirm this with modern, sleek designs throughout, including new laminate flooring, recessed lighting, and updated electrical. Both the main house and the ADU feature contemporary kitchens with stainless steel appliances and white shaker-style cabinets. Bathrooms are fully updated with modern vanities, gold-tone fixtures, and subway tile, showing no signs of wear or deferred maintenance. The presence of a modern outdoor AC unit and mini-split system in the ADU indicates updated cooling/heating systems. All components appear new or virtually new, meeting current quality standards.
Pros & Cons

Pros

Income-Producing Property: This property is explicitly marketed as 'INCOME PRODUCING' with a fully permitted ADU and separate utility meters (electric and gas), designed to maximize rental income.
Newly Renovated Condition: The property has been 'newly renovated' and is described as 'virtually brand new' with 'finest details' and 'sleek colors and design,' suggesting minimal immediate maintenance for a new owner.
High Occupancy Potential: With a total of 7 bedrooms and 5 bathrooms across two units (5 bed/3 bath in main house, 2 bed/1 bath in ADU), the property offers significant capacity for multiple tenants or larger families.
Low Maintenance Exterior & Parking: The exterior features concrete throughout, providing a 'low maintenance yard' and 'plenty of parking,' which is attractive for both tenants and landlords.
Prime Los Angeles Location: Located 'in the heart of Los Angeles' (Koreatown area), the property benefits from a desirable urban location with strong rental demand and access to amenities.

Cons

Shared Water Meter: Despite separate electric and gas meters, the water meter is shared, which could lead to complexities in billing or potential disputes between tenants.
Limited Pre-Offer Inspection: The listing states 'Offers will be contingent upon interior inspection' and 'Please do not disturb tenants,' which restricts buyers from viewing the interior before making an offer, potentially deterring some interested parties.
Age of Original Structure: While newly renovated, the main house was originally built in 1912. Despite updates, the underlying older structure may present unforeseen issues or require specialized maintenance in the long term.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state