Value Added Opportunity. All units 100% vacant. Strong Rental Area - Pico Union neighborhood near Koreatown. Upside in price appreciation. 7 parking spaces, up to 14 tandem. Property requires new capital improvements such as cosmetic upgrades of all units, Seismic upgrade, plumbing, and roof. Property sold in "AS-IS" condition.
Off market
$2,138,400
1245 Magnolia Ave, Los Angeles, CA 90006
15beds
10baths
6,820sqft
MultiFamily
Built in 1963
-- sqft lot
$2,138,400 Zestimate®
$314/sqft
$1,861 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 15
- Bathrooms: 10
Heating
- Forced air
Cooling
- None
Appliances
- Laundry: Room
Interior area
- Total interior livable area: 6,820 sqft
Property
Parking
- Total spaces: 7
Lot
- Size: 7,000 sqft
Construction
Type & style
- Home type: MultiFamily
Condition
- Fixer
- Year built: 1963
Community & neighborhood
Location
- Region: Los Angeles
Other
Other facts
- County: Los Angeles
- Heating: Wall
- PropertyType: Residential Income
- SourceLivingArea: Vendor Enhanced
- UnitTypeType: 1, 2, 3, 4
- SourceLotSizeArea: Vendor Enhanced
- ListingArea: Mid-Wilshire
- ParkingGarage: Driveway
- PropertyCondition: Fixer
- Laundry: Room
- ListingStatus: Pending
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Estimated market value
$2,138,400