1210 Magnolia Ave

Los Angeles, CA 90006 View Map $4,997,000 Schedule a Tour
Sq.Ft. Lot7,000
Year2024

The Oriana Shea Group

(562) 270-1775

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Status: Active
Property Type:Mixed Use
MLS #:DW24118497
On Site:38 Days
Lot Size:7,000 Sq. Ft.
County:Los Angeles
Presenting a Clean Modern look BRAND NEW CONSTRUCTION 2024 Built Multi-family Investment 5 Unit Property that can produce you a Great Passive Income.

LOCATION, LOCATION, LOCATION!! Here is your Big Opportunity. Huge price reduction! Priced to sell or keep. Property's breakdown is the following:
This Project consists of 2 Duplexes and 1 Single Family Dwelling; a total of 5 units.
[(1) 7Bd 6Ba, (2) 7Bd 5Ba & (2) 5Bd 5Ba]
Total of 31 Bedrooms and 26 Baths

Property Addresses: 1206, 1206 1/2, 1208, 1208 1/2 & 1210 Magnolia Ave, Los Angeles CA 90006

Total approx. Living sqft: 8,761
Total approx. Lot sqft: 7,000
Breakdown:
SFD: 1,414 sqft
Duplex A Unit 1: 2,088 sqft
Duplex A Unit 2: 2,088 sqft
Duplex B Unit 1: 1,585.5 sqft
Duplex B Unit 2: 1,585.5 sqft
(Garage 931 sqft NOT included above.)

All units are Quad-Level & separately metered for each utility service. This project is located in a hot rental area. Location, location, location! Being a New Construction, these units are easy to lease out. This is a very desirable location, new builds are in demand. Property has little to no maintenance; super convenient for the owner.
Estimated completion is July 2024.

Buyer(s) to independently verify all information on this listing. Listing agent is not liable for any information that turns out incorrect. The accuracy of all information, regardless of source, including but not limited to square footages, lot sizes, income, and expenses, is deemed reliable but not guaranteed.

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$000 Monthly Payment
Loan and interest only.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
7/11/2024$5,197,000$4,997,000-3.8%

Community Information

Address:1210 Magnolia Ave, Los Angeles, CA 90006
Zip Code:90006

Architecture

Year Built:2024
Stories:4
Building Area: 8761.0
Number of Buildings: 3
Total Units: 5
Stories Total: 4
Unit 1: 1 Unit • 7 Beds • 6 Baths • Unfurnished
Unit 2: 2 Units • 7 Beds • 5 Baths • Unfurnished
Unit 3: 2 Units • 5 Beds • 5 Baths • Unfurnished
Garage Spaces: 4.0

Features / Amenities

Laundry: Washer Hookup, Gas Dryer Hookup
Entry Level: 1
Entry Location: front and alley
Common Walls: 2+ Common Walls
Open Parking Spaces: 6.0
Parking Total: 10.0

Property Features

Lot Size: 0.16 Acres / 7,000 Sq. Ft.
Lot Features: Item25UnitsAcre
Sewer: Public Sewer
Water: Public
Directions:W 12th st & Magnolia Ave, next to corner lot. Majorcross streets:S Hoover St & W Pico Blvd

Tax and Financial Info

Gross Scheduled Income: $446,400
Net Operating Income: $441,400
Electric Expense: $6,000
Fuel Expense: $2,325
Insurance Expense: $5,000
Trash Expense: $1,958.40
Water/Sewer Expense: $3,000
Operating Expense: $5,000
Terms: Cash, CashtoNewLoan, Item1031Exchange
Land Lease: No

Listing Agent/Office

Agent:Yossmira Hernandez
Office:First Family Homes
Broker Phone:562-417-2653

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1210 Magnolia Ave Los Angeles,  CA 90006
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1210 Magnolia Ave Los Angeles, CA 90006
 
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Based on information from California Regional Multiple Listing Service, Inc. as of July 24, 2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.