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    1126 Magnolia Ave

    Los Angeles, CA 90006
    • $2,695,000
    • STATUS: Active Under Contract
    • ON SITE: 97 days
    • MLS #: 21-722438
    Under Contract
    UPDATED: 65 min ago
    $2,695,000
    • 16
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,370
      SQFT
    • $423
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2021
    County:
    Area:

    School Ratings & Info

    Description

    OPPORTUNITY ZONE | 2021 CONSTRUCTION 4-PLEX | NO RENT CONTROL**** Take advantage of OZ tax benefits if you close prior of COFO issued. This fabulous ground up, modern fourplex with its designer look and feel is ideally located in Mid-Wilshire / Koreatown, an extremely high demand rental market. 1126-1128 12 Magnolia Ave is made up of four side-by-side townhome style units. All units are 2 story, with spacious floorplans. The property consists of 2 X 4-bedroom 3-Bathunits of 1500 SQFT each and 2 X 4-Bedroom 4 1/2 Bath units of 1700 SQFT each. Each unit comes with 1 private car garages and 1 uncovered parking. All units are equipped with stainless steel appliance package, Refrigerator /Dishwasher / Gas Stove / Range Hood and Washer Dryer!! All units are separately metered for electric / gas and water ! Prime location, no rent control, 1 year builders warranty! This amazing investment opportunity offers a realistic CAP rate of 5.50% or higher. Estimated Certification of Occupancy May/ 2021.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-30T19:43:05.263. 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.
    www.haciendagroupinc.com/homes/116435285
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    1126 Magnolia Ave Los Angeles, CA 90006

    • Price: $2,695,000
    • Status: Active Under Contract
    • Updated: 65 min ago
    • MLS #: 21-722438
    16
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    6,370
    SQFT
    $423
    $/SQFT
    2021
    Built
    Neighborhood:
    Mid-Wilshire
    County:
    Los Angeles
    Area:
    Mid-Wilshire
    Property Description
    OPPORTUNITY ZONE | 2021 CONSTRUCTION 4-PLEX | NO RENT CONTROL**** Take advantage of OZ tax benefits if you close prior of COFO issued. This fabulous ground up, modern fourplex with its designer look and feel is ideally located in Mid-Wilshire / Koreatown, an extremely high demand rental market. 1126-1128 12 Magnolia Ave is made up of four side-by-side townhome style units. All units are 2 story, with spacious floorplans. The property consists of 2 X 4-bedroom 3-Bathunits of 1500 SQFT each and 2 X 4-Bedroom 4 1/2 Bath units of 1700 SQFT each. Each unit comes with 1 private car garages and 1 uncovered parking. All units are equipped with stainless steel appliance package, Refrigerator /Dishwasher / Gas Stove / Range Hood and Washer Dryer!! All units are separately metered for electric / gas and water ! Prime location, no rent control, 1 year builders warranty! This amazing investment opportunity offers a realistic CAP rate of 5.50% or higher. Estimated Certification of Occupancy May/ 2021.
    Exterior Features

    Entry Location Ground Level W/Steps Exterior Construction Stucco Levels Multi/Split Lot Size Area 7000 Other Structures None Parking Garage UncoveredAttachedDoor OpenerGarage - 4+ Car Patio Features Balcony Pool Description None Pool YN No Roof Flat Spa None Spa YN No Style Modern Tennis Court None Tennis YN No Total Parking 8

    Interior Features

    Bathroom Features Powder RoomTileShower And Tub Baths Total 16.00 Bedroom Features Master Bedroom Common Walls Attached Cooking Appliances GasOven-Gas Cooling Central Den No Dining Room No Equipment Gas Dryer HookupWasherDryerDishwasherRefrigeratorMicrowaveGarbage DisposalRange/Oven Family Room Yes Fireplace Rooms None Flooring Laminate Foundation Details Raised Heating Central Interior Features Storage SpaceDrywall Walls Kitchen Features Counter TopIsland Laundry In Unit Rooms Dining AreaFamily RoomWalk-In ClosetMaster Bedroom Water Heater Features Tankless Windows Double Pane Windows

    Property Features

    Assessed Total Value 2750000 Gross Income 186960 Gross Operating Income 186960 Like Units1 2 Like Units2 2 Net Operating Income 149320.00 Number Of Buildings 2 Number Of Units 4 Owner Pays Gardener Property Condition New Construction Rent Control YN No Sale Type Standard Security Features Carbon Monoxide Detector(S)Exterior Security LightsFire And Smoke Detection SystemFire SprinklersGatedSmoke Detector Sewer In Street Source Living Area Builder Source Lot Size Area Plans Source Lot Size Dimensions Assessor Tenant Pays Cable TvElectricityGasWaterTrash Collection Total Annual Expense 37640 Type Of Units Townhome Water Water District Water Heaters YN Yes Year Built Source Builder Zoning Lar3

    Listing provided courtesy of Kevin Danialifar DRE#01904911 of Keller Williams Beverly Hills.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-30T19:43:05.263. 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.
     
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    Hacienda Agency Inc
    77935 Calle Tampico # 201
    La Quinta CA, 92253