Address
1126 Magnolia Avenue Los Angeles, CA
Price
$ 2,695,000
Property Attributes
  • MLS#21722438
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMid-Wilshire
  • Zip90006
  • StyleModern
  • Price$ 2,695,000
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
  • Lot Size7,000 SqFt
Listing Provided Courtesy Of:
Kevin Danialifar with Keller Williams Beverly Hills.
Data Source:
CRMLS
Property Description

OPPORTUNITY ZONE | 2021 CONSTRUCTION 4-PLEX | NO RENT CONTROL**** Take advantage of OZ tax benefits if you close prior of COFO issued. This fabulous ground up, modern fourplex with its designer look and feel is ideally located in Mid-Wilshire / Koreatown, an extremely high demand rental market. 1126-1128 12 Magnolia Ave is made up of four side-by-side townhome style units. All units are 2 story, with spacious floorplans. The property consists of 2 X 4-bedroom 3-Bathunits of 1500 SQFT each and 2 X 4-Bedroom 4 1/2 Bath units of 1700 SQFT each. Each unit comes with 1 private car garages and 1 uncovered parking. All units are equipped with stainless steel appliance package, Refrigerator /Dishwasher / Gas Stove / Range Hood and Washer Dryer!! All units are separately metered for electric / gas and water ! Prime location, no rent control, 1 year builders warranty! This amazing investment opportunity offers a realistic CAP rate of 5.50% or higher. Estimated Certification of Occupancy May/ 2021.

Price History
4/24/2021 Listed $2,695,000

General Features

Appliances Dishwasher, Disposal, Gas Oven, Microwave, Refrigerator
Architectural Style Modern
Community Features Gated
Construction Materials Stucco
Cooling Central Air
Flooring Laminate
Garage Spaces 4
Garage Y/N Yes
Heating Central
Interior Features Storage, Walk-In Closet(s)
Levels Multi/Split
Listing Agent Kevin Danialifar - BRE#01904911
Listing Agent State License 01904911
MLS Area C17 - Mid-Wilshire
Parking Features Garage, Garage Door Opener, Uncovered
Pool Features None
Property Type Residential Income
Security Features Carbon Monoxide Detector(s), Fire Detection System, Fire Sprinkler System, Gated Community, Smoke Detector(s)
Sewer Other
Spa Features None
Terms Cash, Submit
Total Units 4
Zoning LAR3

Interior Features

Air Conditioning Y/N Yes
Fireplace Features None
Heating Y/N Yes
Window Features Double Pane Windows

Exterior Features

Foundation Details Raised
Lot Dimensions 50x140
Lot Size Acres 0.16
Lot Size Area 7000
Lot Size Square Feet 7000
Lot Size Units Square Feet
Number of Buildings 2
Number of Separate Electric Meters 4
Number of Separate Gas Meters 4
Number of Separate Water Meters 4
Total Parking 4

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90006

Price
AVG $1.63M
$2.7M
Visits
AVG 21
7
Year Built
AVG 1935
2021
Walkscore
AVG 91
92
Data Provided by Walkscore ® not using MLS data

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