1324 Magnolia AVE, Los Angeles, CA 90006
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1324 Magnolia AVE, Los Angeles, CA 90006
1324 Magnolia AVE, Los Angeles, CA 90006
1324 Magnolia AVE, Los Angeles, CA 90006
1324 Magnolia AVE, Los Angeles, CA 90006
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Gregory Jackson

Gregory Jackson

+1(925) 786-8504
$ 850,000
Est. payment /mo
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Price Dropped by $29K

1324 Magnolia AVE Los Angeles, CA 90006

6,102 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26037039

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1898

Lot Size 6,102 Sqft

Property Sub-Type Triplex

Property Description

***HUGE PRICE REDUCTION on LUCRATIVE Income Property (7% CAP) for Quick Sale!*** Fantastic Opportunity to Own 3-Unit Apartment with a Flow of Steady Income, Conveniently Located in 'Pico Union' Section of 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 6 Bedrooms in SFR Have 2 Full Bathrooms and a 1/4 Bathroom. Includes Spacious Kitchen and Long Hallway with Temp. Storage Space. There is also a Crawl Space for Extra Storage. 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. Long Driveway & Concrete Floor Front Yard Allow Max of 8 Cars to Park. There is also an Entrance from Alley East of Property. Owner is Currently Managing the Property Independently. A Must-See Property with Great Potential!

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Interior

Interior Features High Ceilings, Bedroom on Main Level

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Laminate, Wood

Fireplaces Type None

Fireplace No

Appliance Gas Oven, Gas Range, Gas Water Heater

Laundry None

Exterior

Parking Features Driveway Level, Paved

Pool None

Community Features Curbs, Urban

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Shingle

Private Pool No

Building

Lot Description Rectangular Lot

Faces West

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Construction Status Repairs Cosmetic

Others

Senior Community No

Tax ID 5056007007

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Kevin Suh The Realestate Group 310-901-1137, DRE #01307730

Nearby Locations

Gregory Jackson

Gregory Jackson

Broker Associate | License ID: 01111634

+1(925) 786-8504

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1324 Magnolia AVE