1120 Magnolia Ave, Los Angeles, CA 90006

1120 Magnolia Ave, Los Angeles, CA 90006

Los Angeles, CA

Property Description

This magnificent Craftsman triplex has Retained all the charm and characters as the day it was built. The owners have done an excellent job in maintaining the original integrity of this beauty. You can see and feel the elegance as you walk through this home with the hard wood floors, the arches and the doors. Many original wood features are intact and supplemented by matching custom wood work on the exterior.

The lower level has two units. A 2 bedroom/ 1 bath unit and a separate studio. The second level unit has 3 bedrooms and 1.5 baths.

This is a rare opportunity for an owner/user or an incredible development opportunity. This property falls in the Opportunity Zone and has the potential to develop 11 units (Buyer to Verify).


Property Features

  • Sale Price: $1,150,000
  • Area Size: 3,878 SF
  • Land Area: 7,001 SF
  • Year Built: 1907
  • Closing Date: 11/25/19
  • Units: 3
  • Market GRM: 16.38%
  • Market Cap Rate: 3.98%

Lyon Stahl Investment Real Estate

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