1201 Magnolia Ave

    Los Angeles, CA 90006
    • $4,650,000
    • STATUS: Active
    • ON SITE: 40 days
    • MLS #: 20-556394
    UPDATED: 61 min ago
    $4,650,000
    • 35
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 15,879
      SQFT
    • $293
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1970
    County:
    Area:

    School Ratings & Info

    Description

    We are pleased to exclusively present this three-story garden-style walk-up apartment building, located in the City of Los Angeles. The Pico/Union submarket is on the rise and offers easy access to Koreatown and DTLA.Originally built in 1971, this complex features both front and rear staircases connected by mostly exterior walkways. There is no elevator. The semi subterranean parking garage is gated with remote access. There are 21 single spaces. The building has gated entry with an intercom system. The laundry room has 2 washers and 2 dryers leased from Wash. The building has a built-up composition roof. There is a boiler and hot water heater located in a room next to the building's storage room on the roof.The units are master metered for gas and separately metered for electric. Gas wall heaters, galley kitchens with dual sinks, gas stovetop / ovens and laminate plank flooring. Clean, but mostly original. Value-add opportunity.

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    Based on information from CRISNet MLS as of 2020-04-02T13:42:28.723. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-04-02T13:42:28.723. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the Conejo Simi Moorpark Association of Realtors as of 2020-04-02T13:42:28.723. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the i-Tech MLS as of 2020-04-02T13:42:28.723. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Licensed in the State of California, USA.
    www.jelmbergteam.com/homes/103436973

    1201 Magnolia Ave Los Angeles, CA 90006

    • Price: $4,650,000
    • Status: Active
    • Updated: 61 min ago
    • MLS #: 20-556394
    35
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    15,879
    SQFT
    $293
    $/SQFT
    1970
    Built
    Neighborhood:
    Mid-Wilshire
    County:
    Los Angeles
    Area:
    Mid-Wilshire
    Property Description
    We are pleased to exclusively present this three-story garden-style walk-up apartment building, located in the City of Los Angeles. The Pico/Union submarket is on the rise and offers easy access to Koreatown and DTLA.Originally built in 1971, this complex features both front and rear staircases connected by mostly exterior walkways. There is no elevator. The semi subterranean parking garage is gated with remote access. There are 21 single spaces. The building has gated entry with an intercom system. The laundry room has 2 washers and 2 dryers leased from Wash. The building has a built-up composition roof. There is a boiler and hot water heater located in a room next to the building's storage room on the roof.The units are master metered for gas and separately metered for electric. Gas wall heaters, galley kitchens with dual sinks, gas stovetop / ovens and laminate plank flooring. Clean, but mostly original. Value-add opportunity.
    Exterior Features

    Lot Size Area 12558 Other Structures None Parking Garage Other Pool YN No Tennis YN No Total Parking 21

    Interior Features

    Baths Total 21.00 Cooling Other Den No Dining Room No Equipment Range/Oven Family Room No Heating Wall Gas

    Property Features

    Gross Income 353064 Gross Operating Income 344237 Like Units1 7 Like Units2 14 Net Operating Income 180189.00 Number Of Buildings 1 Number Of Units 21 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Assessor Total Annual Expense 164048 Type Of Units 1+1; 2+1 Zoning Lar3

    Listing provided courtesy of David Kaufman DRE#01217537 of David Ballin Kaufman.


    Based on information from CRISNet MLS as of 2020-04-02T13:42:28.723. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-04-02T13:42:28.723. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the Conejo Simi Moorpark Association of Realtors as of 2020-04-02T13:42:28.723. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the i-Tech MLS as of 2020-04-02T13:42:28.723. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Licensed in the State of California, USA.
     
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