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1716 Magnolia Ave
Los Angeles, CA 90006
1716 Magnolia Ave · Multifamily Property For Sale
·
4 Units
Investment Highlights
- 4-unit spanish style property built in 1930. Located in Pico Union, adjacent to Koreatown
- Owner only pays for water, property is separately metered for both gas and electricity. Property has been recently painted
- 67% of potential rental upside remaining
- Property consists of (4) 1BR/1BA units with one of the units to be delivered vacant at the close of escrow
- Each unit has washer/dryer hookups and one garage parking space. Potential to convert existing garages into ADUs
- Close proximity to public transportation, downtown LA, crypto Arena, LA Live, and other retail
Property Facts
| No. Units | 4 | Building Size | 2,492 SF |
| Property Type | Multifamily | Average Occupancy | 75% |
| Property Subtype | Apartment | No. Stories | 2 |
| Building Class | C | Year Built | 1930 |
| Lot Size | 0.11 AC | Parking Ratio | 1.61/1,000 SF |
| Zoning | LARD1.5 - restricted Density Multiple Dwelling | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 2,492 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1930 |
| Parking Ratio | 1.61/1,000 SF |
| Zoning | LARD1.5 - restricted Density Multiple Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 623 |
Property Taxes
| Parcel Number | 5056-013-012 | Improvements Assessment | $324,729 |
| Land Assessment | $541,216 | Total Assessment | $865,945 |
Property Taxes
Parcel Number
5056-013-012
Land Assessment
$541,216
Improvements Assessment
$324,729
Total Assessment
$865,945
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