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1120 Magnolia Ave, Los Angeles, CA 90006

$1,200,000

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).

 

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Address

  • City: Los Angeles
  • State/county: CA
  • Country: United States

Detail

Updated on June 12, 2019 at 7:10 pm

  • Price: $1,200,000
  • Property Size: 3,878 Sq Ft
  • Land Area: 7,001 Sq Ft
  • Year Built: 1907
  • Property Type: Multifamily
  • Property Status: Active
  • Numbers of Units: 3
  • Market GRM: 16.38%
  • Market CAP RATE: 3.98%

Contact info

Stephen Takahashi
Stephen Takahashi
(310) 890-5270(310) 403-9145
Linkedin
Dow Chang
Dow Chang
(323) 545-0164(310) 702-5501
Facebook Linkedin

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