Log In/Sign Up
Your email has been sent.
1933 Magnolia Ave 6 Unit Apartment Building $5,995,000 ($999,167/Unit) 7.64% Cap Rate Los Angeles, CA 90007
Investment Highlights
- Standout 2025 construction four-story six-townhome investment opportunity optimized for coliving or coworking, offering 16,120 square feet.
- Totaling 49 beds, 51 bathrooms across three buildings, each featuring open layouts, ensuite bedrooms, generous storage, and in-unit laundry.
- Turnkey asset with on-site parking, open-concept kitchen and living areas, and top-floor kitchenettes designed for modern shared use.
- Enjoy easy access to landmarks such as Exposition Park and the California Science Center, as well as convenient access to the Metro Expo Line.
- Strategically located in University Park, known as the home to USC and a historic LA neighborhood that blends academic energy and cultural richness.
Executive Summary
Elevate your portfolio with this rare investment opportunity at 1933 Magnolia Avenue, ideal for buyers seeking a property optimized for coliving or coworking operations. This unique and versatile asset comprises six townhomes ranging from 2,098 to 3,482 square feet, totaling 49 bedrooms and 51 bathrooms. Designed for communal living and working, each townhouse features a top-floor kitchenette and two sets of washers and dryers for maximum convenience. In addition to well-designed living spaces, the property includes on-site parking and open-concept kitchen/living areas with ensuite bedrooms and generous closets, offering flexibility for various residential or business models.
Centrally located near prime Los Angeles (LA) metropolitan hubs, the property offers exceptional access to the University of Southern California (USC), Los Angeles Trade Technical College, and Cal State Downtown, as well as proximity to California Hospital, Good Samaritan Hospital, Crypto.com Arena, and the Los Angeles Convention Center. Its location ensures easy connectivity to Westside communities such as Culver City and Century City.
This sale represents a one-of-a-kind opportunity to acquire a fully equipped, high-functioning property that combines comfort, community, and convenience. 1933 Magnolia Avenue is perfect for investors or operators looking to capitalize on the growing demand for modern shared living and working environments.
Centrally located near prime Los Angeles (LA) metropolitan hubs, the property offers exceptional access to the University of Southern California (USC), Los Angeles Trade Technical College, and Cal State Downtown, as well as proximity to California Hospital, Good Samaritan Hospital, Crypto.com Arena, and the Los Angeles Convention Center. Its location ensures easy connectivity to Westside communities such as Culver City and Century City.
This sale represents a one-of-a-kind opportunity to acquire a fully equipped, high-functioning property that combines comfort, community, and convenience. 1933 Magnolia Avenue is perfect for investors or operators looking to capitalize on the growing demand for modern shared living and working environments.
Property Facts
| Price | $5,995,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $999,167 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 7.64% | Building Size | 16,120 SF |
| No. Units | 6 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Parking Ratio | 0.5/1,000 SF |
| Zoning | LARD1.5 - Residential | ||
| Price | $5,995,000 |
| Price Per Unit | $999,167 |
| Sale Type | Investment |
| Cap Rate | 7.64% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.20 AC |
| Building Size | 16,120 SF |
| No. Stories | 4 |
| Year Built | 2025 |
| Parking Ratio | 0.5/1,000 SF |
| Zoning | LARD1.5 - Residential |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer
- Refrigerator
- Oven
- Dining Room
- Family Room
- Freezer
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
90/100
Fairly bikeable
40/100
About Harvard Heights
Harvard Heights is a small, densely populated neighborhood just north of Interstate 10 in Central Los Angeles. This is primarily a residential area, but residents enjoy a wealth of restaurant and shopping options along the busy east-west arterial streets that run through the neighborhood.
Harvard Heights’ central location makes for a relatively short commute to major job hubs including Downtown, Century City, and Hollywood. Koreatown’s dynamic dining and entertainment scene is just a few blocks to the north, as are several Purple Line Metro stations.
Healthy rent growth during the last economic expansion makes this area a popular target for multifamily investors. Renters love the area’s walkability and location, and local landlords typically enjoy high occupancies. The concentration of smaller, older apartment properties here also makes it an appealing target for investors who have been priced out of more costly coastal neighborhoods.
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Mcdonald's | - | - | 5 min walk |
| Domino’s | - | - | 8 min walk |
| Everytable | Soul Food | - | 9 min walk |
| Ebaes | Sushi | $$ | 10 min walk |
| Franky's Place | Pasta | $ | 11 min walk |
| El Tapatio | Mexican | $$ | 11 min walk |
| Mariscos Maria's | Seafood | $$$$ | 10 min walk |
| Caveman Kitchen | Burgers | $ | 10 min walk |
| Qwench Juice Bar | - | - | 12 min walk |
| Chipotle | - | - | 12 min walk |
Retail |
||
|---|---|---|
| am/pm | Convenience Market | 8 min walk |
| 7-eleven | Convenience Market | 9 min walk |
| Rite Aid | Drug Store | 9 min walk |
| United States Postal Service | Business/Copy/Postal Services | 13 min walk |
| Ralphs | Supermarket | 15 min walk |
Hotels |
|
|---|---|
| MOXY |
380 rooms
3 min drive
|
| AC Hotels by Marriott |
347 rooms
3 min drive
|
| Ritz-Carlton |
123 rooms
4 min drive
|
| Holiday Inn Express |
80 rooms
4 min drive
|
| JW Marriott |
878 rooms
4 min drive
|
Property Taxes
| Parcel Number | 5056-026-006 | Improvements Assessment | $233,580 |
| Land Assessment | $934,320 | Total Assessment | $1,167,900 |
Property Taxes
Parcel Number
5056-026-006
Land Assessment
$934,320
Improvements Assessment
$233,580
Total Assessment
$1,167,900
Sale Advisor
Sale Advisor
Yohann Bensimon
As President and founder of Ikon Advisors, Yohann Bensimon specializes in the acquisition and disposition of multifamily, mixed-use, and residential ground-up developments as well as existing multifamily properties.
Yohann moved to Los Angeles from Paris, France 27 years ago, affording him the opportunity to be a part of the multicultural urban renewal of the city of Los Angeles. Because of this, Yohann is able to anticipate market trends allowing him to advise investors on positioning their assets for optimal growth. The invaluable knowledge Yohann has acquired through years of working with seasoned investors and developers also allows him to advise clients on how to maximize returns in an aggressive market.
Yohann’s career in commercial real estate started as an associate at Marcus & Millichap. Today, Yohann is a consistent top-producing agent at Keller Williams Hollywood Hills. Negotiation skills aside, his achievements can be attributed to his belief that success is built on solid relationships, genuine connections, and effective communication which is why clients have chosen to refer and work with Yohann time and time again.
Yohann moved to Los Angeles from Paris, France 27 years ago, affording him the opportunity to be a part of the multicultural urban renewal of the city of Los Angeles. Because of this, Yohann is able to anticipate market trends allowing him to advise investors on positioning their assets for optimal growth. The invaluable knowledge Yohann has acquired through years of working with seasoned investors and developers also allows him to advise clients on how to maximize returns in an aggressive market.
Yohann’s career in commercial real estate started as an associate at Marcus & Millichap. Today, Yohann is a consistent top-producing agent at Keller Williams Hollywood Hills. Negotiation skills aside, his achievements can be attributed to his belief that success is built on solid relationships, genuine connections, and effective communication which is why clients have chosen to refer and work with Yohann time and time again.
1 of 66
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
1933 Magnolia Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.