1034 Magnolia Avenue
1034 Magnolia Avenue
$4,300,000
3
16
13,156
13,156
$327
Closed 8/18/23
Description
We are pleased to present the Santorini Apartments, a 16 unit apartment community located in Gardena CA. The 16 large units consist of thirteen 2 bed 1 bath units, two studios, and one 1 bed 1 bath unit, 1034 Magnolia Ave has an ideal unit mix. The subject property has 100% copper plumbing, vinyl windows, newer roof, and ownership has filled the pool to create additional parking spaces for the tenants. There are a total of 25 parking spaces, and the property is secured by controlled access and has...We are pleased to present the Santorini Apartments, a 16 unit apartment community located in Gardena CA. The 16 large units consist of thirteen 2 bed 1 bath units, two studios, and one 1 bed 1 bath unit, 1034 Magnolia Ave has an ideal unit mix. The subject property has 100% copper plumbing, vinyl windows, newer roof, and ownership has filled the pool to create additional parking spaces for the tenants. There are a total of 25 parking spaces, and the property is secured by controlled access and has operational security cameras on site. Additional cash flow is produced by the seller-owned laundry facility, as well as ample on-site parking options. The Santorini Apartments are priced at an attractive cap rate of 5.32% and 12.11 GRM, with significant upside in rents to a 7.45% cap rate, and 9.42 GRM. In addition to having strong cash flow and attractive upside, 1034 Magnolia has been extremely well maintained, and is a unique opportunity for a savvy investor.
- Listed by Shane Young • DRE #01963090 • Brokerage DRE #02164683 • Younglewin Advisors, Inc.
Property Details for 1034 Magnolia Avenue
Parking Spaces Total
25
Private PoolNo
Total Units16.0
Building TypeAttached
Lot Size SourceAssessor
Living Area13156
Assessor Parcel Number6113-030-017
Property Attached YNtrue
Location
LISTING UPDATED: 08/19/2023 08:44 AM
Property Details for 1034 Magnolia Avenue
Status | Closed |
---|---|
MLS # | PW23096325 |
Days on Market | 41 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Residential Income |
Year Built | 1961 |
Lot Size | 0.40 AC / 17,337 SF |
County | Los Angeles County |
Location
Building Information for 1034 Magnolia Avenue
Stories2Residences-Year Built1961Building Size-Lot Size0.40 AC / 17,337 SF
Payment Calculator
$27,755 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1034 Magnolia Avenue
Property History for 1034 Magnolia Avenue
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1034 Magnolia Avenue
Taxable ValueLand$1,640,468Additions$2,352,277Total$3,992,745
Tax Record2023$51,455 ($4,288 / month)
Home Facts
Total Finished SqFt13,156 SqFtAbove Grade Finished SqFt13,156 SqFtLot Size17,505 SqFtStyleMulti-Family Res (5+ Units)Year Built1961ZoningGAR3CountyLOS ANGELESAPN6113-030-017
Schools near 1034 Magnolia Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Charter - | 6 to 12 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Amestoy Elementary School PublicK to 5 | ||
New Designs Charter School-Watts Charter6 to 12 | ||
Gardena Senior High School Public9 to 12 | ||
Moneta Continuation School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.