1718 S New England is a high cash flow, renovated fourplex in the rapidly-developing Pico-Union neighborhood 7 minutes from USC. It can be delivered fully rented at market rents or with one unit vacant- buyer’s choice! Both great options. Either live in the gorgeously updated vacant unit and have the other 3 units pay your mortgage, or rent out all the units for an outstanding 4.63% cap rate! For those of you looking to build in the future, this property is located on a large (7,937 square foot) LARD1.5 lot!
With a prime, central location so close to USC, Downtown LA, Koreatown and Echo Park, these units will draw a huge array of outstanding tenants!
The unit mix consists of two 2 bedroom, 1 bathroom units (one unit currently rented at $2,300 and the other unit vacant, but can be leased at $1,900- countless prospects ready to take next steps) and two 1 bedroom, 1 bathroom units (both rented at $1,350). These units feature an unlimited supply of updates including, but not limited to: new stainless steel appliances, laminate flooring, granite countertops, recessed lighting, tankless water heaters, double paned windows, and new electric panels for units 1722 and 1722 1/2.
Additional Features
- Landscaped
- Level with Street
- Level
- One
- Neighborhood
- Parking spaces: 6.00
- Listing Status: Closed
- Listing Agent: Elizabeth Maddox
(lic# 01921425)
of Burbank
- Listing Office: The 2-4 Unit Specialists
(lic# 01921425)
- Selling Agent: Peter Oh
(lic# 01925937)
- CO-Listing Agent: Ian Maddox
(lic# 02030205)
of Burbank
- CO-Listing Office: The 2-4 Unit Specialists
(lic# 01921425)
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Based on information from CRISNet MLS as of 6th November 2026 at 12:43am. 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.
