1324 Magnolia Avenue, Los Angeles, CA 90006
List Price: $850K
Listing Status: Active
Original List Price: $879K
0Days on Market: 53
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1898
Lot Size: 6,101 sq ft
Private Pool: Yes
MLS Number: SB26037039
About This Property
***HUGE PRICE REDUCTION on LUCRATIVE Income Property (7% CAP) for Quick Sale!*** Fantastic Opportunity to Own 3-Unit Apartment with a Flow of Steady Income, Conveniently Located in 'Pico Union' Section of Mid Los Angeles! Close to Post Office, Markets, Restaurants, Shopping Centers, Banks, Freeways, and SS Office. 3 units are Consisted of a Large, High Ceiling SFR (#1324, All of 6 Rooms Individually Rented) + 2 Attached Studios of Over 2,500 LV sqft. All Units Are Currently Rented. All 6 Bedrooms in SFR Have 2 Full Bathrooms and a 1/4 Bathroom. Includes Spacious Kitchen and Long Hallway with Temp. Storage Space. There is also a Crawl Space for Extra Storage. Each Studio (#1326 & #1328) Has its Own Bath & Kitchen. Roofing is in Good Condition. Owners Pay Water for All Tenants, and Both Studio Units Pay Electricity & Gas Utilities. But SFR Room Tenants' Other Utilities are Included in Rent. Long Driveway & Concrete Floor Front Yard Allow Max of 8 Cars to Park. There is also an Entrance from Alley East of Property. Owner is Currently Managing the Property Independently. A Must-See Property with Great Potential!
Property Photos
