List Search

1716 Magnolia Ave
Los Angeles, CA 90006 Harvard Heights

$775,000 USD

Multifamily For Sale  •  2,492 SF

Property Details

  • Property Type Multifamily
  • Total Building Size 2,492 SF
  • Lot Size 0.11 AC
  • Year Built 1930
  • Cap Rate 3.77 %
  • Zoning LARD1.5
68 Transit Score
91 Walk Score

Highlights

4-unit spanish style property built in 1930. Located in Pico Union, adjacent to Koreatown
Property consists of (4) 1BR/1BA units with one of the units to be delivered vacant at the close of escrow
Owner only pays for water, property is separately metered for both gas and electricity. Property has been recently painted
Each unit has washer/dryer hookups and one garage parking space. Potential to convert existing garages into ADUs
67% of potential rental upside remaining
Close proximity to public transportation, downtown LA, crypto Arena, LA Live, and other retail
Cap Rate: 3.77 %

Public Transportation

Commuter RailDriveWalkDistance
9 min - 3.9 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 11 min - 4.2 mi
AirportDriveWalkDistance
Los Angeles International 23 min - 12.8 mi
Bob Hope 28 min - 14.0 mi
Long Beach (Daugherty Field) 31 min - 22.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 4
Type: OneCarGarage
Included in Rent: Yes
Jake Glaser 310-494-6368 Lyon Stahl Investment Real Estate
Jake Glaser 310-494-6368 Lyon Stahl Investment Real Estate