1438 S Magnolia Avenue

    Los Angeles (City), CA 90006
    • $989,000
    • STATUS: Active
    • ON SITE: 29 days
    • ID#: 19508942
    UPDATED: 32 min ago
    $989,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,200
      SQFT
    • $235
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1912
    County:

    School Ratings & Info

    Description

    Excellent opportunity for investor or owner. This beautiful property is comprised of 4 large 1 Bedroom + Den+1 Bathroom units that are approximately 1,050 SF each. Profile shows all units with 1 Bedroom+ 1 bathroom, but actually 1 Bedroom + Den+ 1 Bathroom. All units have a den that can be used 2nd bedroom and each unit has their own washer & Dryer hookups. Building size is approx. 4,200 SF and Lot size is approx. 6,085 SF with 8 parking spaces in rear. Recently renovated the staircase in the backyard. A true value is much below market. All tenant are long term stable tenants with month to month. Situated minutes from 10 Fwy and metro line. Units are individually metered for gas and electric and each has own water heater. No showings without an accepted offer. Drive by only!! Please do not disturb tenants!!

    Monthly Payment Calculator



    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/99108092

    1438 S Magnolia Avenue Los Angeles (City), CA 90006

    • Price: $989,000
    • Status: Active
    • Updated: 32 min ago
    • ID#: 19508942
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    4,200
    SQFT
    $235
    $/SQFT
    1912
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    Excellent opportunity for investor or owner. This beautiful property is comprised of 4 large 1 Bedroom + Den+1 Bathroom units that are approximately 1,050 SF each. Profile shows all units with 1 Bedroom+ 1 bathroom, but actually 1 Bedroom + Den+ 1 Bathroom. All units have a den that can be used 2nd bedroom and each unit has their own washer & Dryer hookups. Building size is approx. 4,200 SF and Lot size is approx. 6,085 SF with 8 parking spaces in rear. Recently renovated the staircase in the backyard. A true value is much below market. All tenant are long term stable tenants with month to month. Situated minutes from 10 Fwy and metro line. Units are individually metered for gas and electric and each has own water heater. No showings without an accepted offer. Drive by only!! Please do not disturb tenants!!
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Uncovered Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See RemarksGas & Electric Dryer Hookup

    Property Features

    Cap Rate 4.66 Gross Multiplier 16.03 Gross Operating Income 61668.00 Improvements Amount 226350 Insurance Expense 2400.00 Land Lease Amount Frequency Monthly Land Value 565884 Laundry YN Yes Net Operating Income 46143.00 Special Listing Conditions Standard Tenant Pays ElectricityCable TvGas Total Actual Rent 61668.00 Total Expenses 15524.00 Water Sewer Expense 3000.00 Zoning Lard1.5

    Listing provided courtesy of Mikyung Choi of New Star Realty


    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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