1126 Magnolia Avenue
$2,710,000
16
16
6,370
6,370
$425
Sold 10/21/21
Description
Opportunity zone | 2021 construction 4-plex | no rent control Take advantage of OZ tax benefits if you close prior of COFO issued. This fabulous ground up, modern fourplex with its designer look and feel is ideally located in Mid-Wilshire / Koreatown, an extremely high demand rental market. 1126-1128 12 Magnolia Ave is made up of four side-by-side townhome style units. All units are 2 story, with spacious floorplans. The property consists of 2 X 4-bedroom 3-Bathunits of 1500 SQFT each and 2 X 4-Bedroom...Opportunity zone | 2021 construction 4-plex | no rent control Take advantage of OZ tax benefits if you close prior of COFO issued. This fabulous ground up, modern fourplex with its designer look and feel is ideally located in Mid-Wilshire / Koreatown, an extremely high demand rental market. 1126-1128 12 Magnolia Ave is made up of four side-by-side townhome style units. All units are 2 story, with spacious floorplans. The property consists of 2 X 4-bedroom 3-Bathunits of 1500 SQFT each and 2 X 4-Bedroom 4 1/2 Bath units of 1700 SQFT each. Each unit comes with 1 private car garages and 1 uncovered parking. All units are equipped with stainless steel appliance package, Refrigerator /Dishwasher / Gas Stove / Range Hood and Washer Dryer! All units are separately metered for electric / gas and water ! Prime location, no rent control, 1 year builders warranty! This amazing investment opportunity offers a realistic CAP rate of 5.50% or higher. Estimated Certification of Occupancy May/ 2021.
- Listed by Kevin Danialifar • DRE #01904911 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
Property Details for 1126 Magnolia Avenue
Zoning
LAR3
StyleModern
Parcel Number5076013005
Total Units4.0
Living Area6370
Source Living AreaBuilder
AreaMid-Wilshire (C17)
Vacancy Rate100
LISTING UPDATED: 10/22/2021 09:54 AM
Property Details for 1126 Magnolia Avenue
Status | Sold |
---|---|
MLS # | 21-722438 |
Days on Market | 32 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 2021 |
Lot Size | 0.16 AC / 7,000 SF |
County | Los Angeles County |
Building Information for 1126 Magnolia Avenue
Stories2Residences-Year Built2021Building Size-Lot Size0.16 AC / 7,000 SF
Property Information for 1126 Magnolia Avenue
Property History for 1126 Magnolia Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1126 Magnolia Avenue
Taxable ValueLand$2,080,800Additions$738,684Total$2,819,484
Tax Record2024$34,515 ($2,876 / month)
Home Facts
Total Finished SqFt6,285 SqFtAbove Grade Finished SqFt6,285 SqFtStories2Lot Size7,000 SqFtStyleQuadraplexYear Built1905ZoningLAR3CountyLOS ANGELESAPN5076-013-005
Schools near 1126 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 | ||
Contreras Learning Center-School Of Social Justice 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.
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