Property listed by Lyon Stahl Investment Real Estate, Inc., Jake Glaser 310-425-9838
$775,000
1716 Magnolia Avenue, a Spanish Colonial Revival four-unit property located in the Pico Union neighborhood of Los Angeles. Built in 1930 and totaling 2,492 square feet on a 4,879 square foot lot, the building offers one of the most attainable price points in the market today. With one unit delivered… Read More vacant at closing, the property is well suited for an entry-level investor seeking a house-hack opportunity while benefiting from strong long-term upside. Current rents are approximately 67% below market, providing a clear path for income growth through unit turnover and strategic renovations. Each unit includes in-unit laundry hookups and one private garage space, and recent exterior paint gives the building a clean, well-maintained appearance. The property is separately metered for gas and electricity, and the detached garages offer potential ADU conversion opportunities for future additional income (Buyer to verify). Read Less
Listing Snapshot
Days Online
6
Last Updated
Beds
4
Square Ft.
2,492
Lot Size
0.11 Acres
Year Built
1930
MLS Number
25625505
Additional Details
Building
Built in 1930, Living area: 2492.0, 1 building, 2 stories, Levels: MultiSplit
Cooling
None
Garage
4 spaces
Heating
None
Income
Gross Income: $53,213, Net Operating Income: $29,242
Lot
0.1107 acres
Parking
4 total parking spaces, None
Taxes
Parcel Number: 5056013012, Zoning: LARD1.5
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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