1739 Magnolia Avenue

    Los Angeles (City), CA 90006
    • $3,699,000
    • STATUS: Active
    • ON SITE: 15 days
    • ID#: 18403162
    UPDATED: 40 min ago
    $3,699,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,390
      SQFT
    • $394
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2018
    County:

    School Ratings & Info

    Description

    Brand new 6 Units just completed construction. Where else would you find a brand new 6 unit property with 6.32 CAP and GRM of 12.84. All units are 3 story with 9 foot ceilings. Each unit has 2 enclosed garages with direct access to the unit, Laundry in unit, new stainless steel appliances, Central Air condition and Heating, laminate floors through out, tiled bathrooms, quartz counter tops in kitchen and bathroom vanity, all units have enormous amount of natural light and mostly casement windows in all units. All units are separately metered for Water, Gas and Electricity. The units are currently vacant and new owner may set their own rents. The property is located with in Bike or BIRD ride from Down town LA. Few units have a direct view of DTLA sky line. Why pay $3750 for 1br in DTLA when you can be in 3br 3ba for the same price. There are additional parking on site other than enclosed garages. The property is fenced all 4 sides with back iron gates are on auto gate openers. Do not mis

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T18:31:15.27. 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. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/89077844

    1739 Magnolia Avenue Los Angeles (City), CA 90006

    • Price: $3,699,000
    • Status: Active
    • Updated: 40 min ago
    • ID#: 18403162
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    9,390
    SQFT
    $394
    $/SQFT
    2018
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    Brand new 6 Units just completed construction. Where else would you find a brand new 6 unit property with 6.32 CAP and GRM of 12.84. All units are 3 story with 9 foot ceilings. Each unit has 2 enclosed garages with direct access to the unit, Laundry in unit, new stainless steel appliances, Central Air condition and Heating, laminate floors through out, tiled bathrooms, quartz counter tops in kitchen and bathroom vanity, all units have enormous amount of natural light and mostly casement windows in all units. All units are separately metered for Water, Gas and Electricity. The units are currently vacant and new owner may set their own rents. The property is located with in Bike or BIRD ride from Down town LA. Few units have a direct view of DTLA sky line. Why pay $3750 for 1br in DTLA when you can be in 3br 3ba for the same price. There are additional parking on site other than enclosed garages. The property is fenced all 4 sides with back iron gates are on auto gate openers. Do not mis
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage - Two Door Parking YN Yes

    Interior Features

    Cooling Central Cooling YN Yes

    Property Features

    Cap Rate 6.32 Electric Expense 1200.00 Gross Multiplier 12.84 Gross Operating Income 288000.00 Improvements Amount 280000 Insurance Expense 3500.00 Land Value 420000 Maintenance Expense 1200.00 Net Operating Income 0.00 Special Listing Conditions Standard Total Expenses 0.00 Zoning Lard1.5

    Listing provided courtesy of Suminda Sellahewa of Avarnka Real Estate, Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T18:31:15.27. 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. Licensed in the State of California, USA.
     
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