1120 Magnolia Avenue

    Los Angeles (City), CA 90006
    • $1,200,000
    • STATUS: Active
    • ON SITE: 100 days
    • ID#: SB19161629
    UPDATED: 22 min ago
    $1,200,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,878
      SQFT
    • $309
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1907
    County:

    School Ratings & Info

    Description

    Welcome to this magnificent craftsman style triplex. Nestled between Downtown LA, USC, Silverlake and Koreatown. One block from the Hoover/12th bus lines. It doesn't get more centrally located and accessible than this. This property has retained all the charm and character as the day it was built. This property was used as a rooming house back in the 1940s and 1950s, like many other properties in the Mid City neighborhoods. The owners have done an excellent job in maintaining the original integrity of this beauty. You can see and feel the elegance as you walk through this home with the hardwood floors, the arches and the doors. Many original wood features are intact and supplemented by matching custom wood work on the exterior. The lower level has two units. A 2 bedroom/ 1 bath unit and a separate studio. The second level unit has 3 bedrooms and 1.5 baths. This is a rare opportunity could be a love at first sight, own a piece of history while building wealth!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-18T12:38:31.193. 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 deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/96682189

    1120 Magnolia Avenue Los Angeles (City), CA 90006

    • Price: $1,200,000
    • Status: Active
    • Updated: 22 min ago
    • ID#: SB19161629
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    3,878
    SQFT
    $309
    $/SQFT
    1907
    Built
    Neighborhood:
    C17 - Mid-Wilshire
    County:
    Los Angeles
    Area:
    C17 - Mid-Wilshire
    Property Description
    Welcome to this magnificent craftsman style triplex. Nestled between Downtown LA, USC, Silverlake and Koreatown. One block from the Hoover/12th bus lines. It doesn't get more centrally located and accessible than this. This property has retained all the charm and character as the day it was built. This property was used as a rooming house back in the 1940s and 1950s, like many other properties in the Mid City neighborhoods. The owners have done an excellent job in maintaining the original integrity of this beauty. You can see and feel the elegance as you walk through this home with the hardwood floors, the arches and the doors. Many original wood features are intact and supplemented by matching custom wood work on the exterior. The lower level has two units. A 2 bedroom/ 1 bath unit and a separate studio. The second level unit has 3 bedrooms and 1.5 baths. This is a rare opportunity could be a love at first sight, own a piece of history while building wealth!
    Exterior Features

    Garage Spaces 2.00 Lot Features Level With Street Lot Size Source Assessor Lot Size Units Square Feet Parking Features ConcreteGarage Parking Total 2.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Individual Room

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Sidewalks Country Us Electric Expense 400.00 Elevation Units Feet Fuel Expense 400.00 Gardener Expense 1200.00 Gross Income 0.00 Gross Scheduled Income 65100.00 Insurance Expense 1357.30 Land Lease YN No Laundry YN Yes Net Operating Income 44016.70 New Construction YN No New Taxes Expense 15000.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 2 Operating Expense 21083.30 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Trust Total Actual Rent 65100.00 Total Expenses 21083.30 Trash Expense 400.00 Water Sewer Expense 400.00 Water Source Public Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Daniel "Dow" Chang of Lyon Stahl Investment Real Estate, Inc. and Stephen Takahashi of Lyon Stahl Investment Real Estate, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-18T12:38:31.193. 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 deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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