Properties
Los Angeles, CA 90006 1324 Magnolia Avenue
$879,000
35 more
Presented By: Kevin Suh with The Realestate Group; 310-901-1137
Baths • 2
SQFT • 2,536
Home Details
A Wonderful Opportunity to Own 3-Unit Apartment with a Flow of Steady Income, Conveniently Located in 'Pico Union' Section in 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 of 6 Bedrooms in SFR Has 2 Full Bathrooms and a 1/4 Bathroom. A Spacious Kitchen and Long Hallway with Temp. Storage Space. There is also a Space for the Storage in Crawl Space. 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. A Long Driveway & A Concrete Floor Front Yard Allow about 8 Cars to Park at Max. There is also a Entrance from Alley East of Property. Owner is Managing by Himself, But Easy to Manage! A Must See Property!
Presented By: Kevin Suh with The Realestate Group; 310-901-1137
Interior Features for 1324 Magnolia Avenue
Other Interior Features
Air Conditioning Y/NYes
Common Walls2+ Common Walls
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringLaminate, Wood
Heating Y/NYes
Interior AmenitiesHigh Ceilings, Bedroom on Main Level
Laundry FeaturesNone
Total Stories1
Window FeaturesBlinds
Other Rooms
Entry Level1
General for 1324 Magnolia Avenue
Additional Parcels Y/NNo
AppliancesGas Oven, Gas Range, Gas Water Heater
Building Area UnitsSquare Feet
Cap Rate6.7
CityLos Angeles
Community FeaturesCurbs, Urban
Construction MaterialsConcrete, Stucco
CoolingWall/Window Unit(s)
CountyLos Angeles
Directions1/2 Block South of PICO & 2 Block West of HOOVER
DisclosuresHome Warranty, Rent Control
Electric Expense1200
Entry LocationGround Level
Facing DirectionWest
Fuel Expense
Garage Spaces
Garage Y/NNo
Gross Income80400
HOANo
HOA Fee$
HeatingWall Furnace
Insurance Expense976
Land Lease Y/NNo
LevelsOne
Listing TermsCash, Cash to New Loan
Lot Size Square Feet6101
Lot Size UnitsSquare Feet
MLS AreaC16 - Mid Los Angeles
MaintenanceExpense1800
Net Operating Income58814
New ConstructionNo
Number Of Units Total3
Number of Units Leased8
Operating Expense21586
Pool FeaturesNone
PostalCityLOS ANGELES
Property Attached Y/NYes
Property ConditionRepairs Cosmetic
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidential Income
Rent Control Y/NYes
RoofShingle
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count1
Tax Lot5
Taxes$10,108
Tenant PaysElectricity, Gas
Total Actual Rent6700
Trash Expense1200
UtilitiesElectricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water Sewer Expense6000
Year Built1898
Year Built SourceAssessor
Exterior for 1324 Magnolia Avenue
Building Area Total2536
Lot FeaturesRectangular Lot
Lot Size Acres0.1401
Lot Size Area6101
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters1
Parking FeaturesDriveway Level, Paved
Private PoolNo
Road Frontage TypeCity Street
Road Surface TypePaved
Total Parking0
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
