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Listed by Kevin Suh • The Realestate Group
$ 850,000
Est. payment /mo
Price Dropped by $29K
1324 Magnolia Avenue Los Angeles, CA 90006
2,536 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,536 sqft
Price per Sqft $335
MLS Listing ID SB-26037039
Year Built 1898
Lot Size 6,101 Sqft
Property Sub-Type Triplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
***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!
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Interior
Interior Features High Ceilings
Heating Wall Furnace
Flooring Laminate, Wood
Fireplaces Type None
Laundry None
Exterior
Parking Features Driveway Level, Paved
Pool None
Community Features Curbs, Urban
Utilities Available Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected
Building
Lot Description Rectangular Lot
Sewer Public Sewer
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