1100 Magnolia Avenue

Los Angeles, CA 90006

$1,990,000
Price
10
Beds
7
Baths
5,954 Sq. Ft.
$334 / Sq. Ft.
5,954
Sq. Ft.
$334
per Sq. Ft.

Description

Great location and Opportunity Zone in K-town. Perfect for investors looking for residual income for long term hold, build new construction, and take advantage of O-zone tax incentive. So many different avenues of opportunity on this corner lot ! The units are individually gas and electricity metered.Great location and Opportunity Zone in K-town. Perfect for investors looking for residual income for long term hold, build new construction, and take advantage of O-zone tax incentive. So many different avenues of opportunity on this corner lot ! The units are individually gas and electricity metered.
  1. Listed by Stacy B. Han • DRE #01886632 • Brokerage DRE #01458187 • Keller Williams Larchmont

Property Details for 1100 Magnolia Avenue

Zoning
LAR3
Parcel Number
5076013001
Total Units
7.0
Living Area
5954
Source Living Area
Vendor Enhanced
Area
Mid-Wilshire (C17)
Vacancy Rate
0
Lot Size Area
8424

Location

Listing Courtesy of Keller Williams Larchmont, Stacy B. Han, DRE #01886632
Add your commute
LISTING UPDATED: 02/23/2024 12:01 AM

Property Details for 1100 Magnolia Avenue

StatusActive
MLS #24-357723
Days on Market72
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1904
Lot Size0.19 AC / 8,424 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Larchmont, Stacy B. Han, DRE #01886632
Add your commute

Building Information for 1100 Magnolia Avenue

Stories2Residences-Year Built1904Building Size-Lot Size0.19 AC / 8,424 SF

Payment Calculator

$12,696 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,860

Property Taxes

$1,836

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1100 Magnolia Avenue

Community / Development
Community / Development
  • Number Of Units: 7
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Income units
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $124,056
  • Net Operating Income: $69,440.15
  • Gross Income: $124,056
  • Gross Rent Multiplier: $16.04
  • Total Annual Expense: 54615.85
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1934
  • Lot Size Square Feet: 8424
Parking Details
Parking Details
  • Parking Garage: Driveway - Concrete
  • Total Parking: 9
  • Parking Features: Concrete
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Wall Gas
  • Equipment: Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 02-15-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,293.00
  • Unit Actual Rent: $1,293.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,596.00
  • Unit Actual Rent: $1,596.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,177.00
  • Unit Actual Rent: $1,177.00
  • Unit Projected Rent: $1,500.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,115.00
  • Unit Actual Rent: $1,115.00
  • Unit Projected Rent: $1,500.00
  • Like Units: 4
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,406.00
  • Unit Actual Rent: $1,406.00
  • Unit Projected Rent: $1,500.00
  • Like Units: 5
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,417.00
  • Unit Actual Rent: $1,417.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 6
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,190.00
  • Unit Actual Rent: $1,190.00
  • Unit Projected Rent: $1,500.00
  • Like Units: 7
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $528,753.00
  • Assessed Improvement Percent: 30.0
  • Assessed Land Value: $1,233,762.00
  • Assessed Land Percent: 70
  • Assessed Total Value: $1,762,515.00

Property History for 1100 Magnolia Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1100 Magnolia Avenue

Taxable ValueLand$1,233,762Additions$528,753Total$1,762,515
Tax Record2023$22,035 ($1,836 / month)
Home Facts
Total Finished SqFt5,954 SqFtAbove Grade Finished SqFt5,954 SqFtLot Size8,422 SqFtStyleMulti-Family Res (5+ Units)Year Built1904ZoningLAR3CountyLOS ANGELESAPN5076-013-001

Schools near 1100 Magnolia Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Leo Politi Elementary School
PublicK to 5

Berendo Middle School
Public6 to 8

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

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Similar Sold Homes

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1100 Magnolia Avenue is a multi-family home for sale in Los Angeles, CA 90006. This property was listed for sale on February 15, 2024 by Keller Williams Larchmont, it's currently listed at $1,990,000. It has been on the market for a total of 72 days and was last sold on August 26, 2016. This listing's school district is Los Angeles Unified School District. Nearby schools include Leo Politi Elementary School, Berendo Middle School and Contreras Learning Center-School Of Social Justice. 1100 Magnolia Avenue is a 10-bed, 7-bath, 5,954 sqft multi-family home built in 1904.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Larchmont, Stacy B. Han, DRE #01886632

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.