1126 Magnolia Avenue

Los Angeles, CA 90006

$2,710,000
Last Sold Price
16
Beds
16
Baths
6,370 Sq. Ft.
$425 / Sq. Ft.
6,370
Sq. Ft.
$425
per Sq. Ft.

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.
  1. Listed by Kevin Danialifar • DRE #01904911 • Brokerage DRE #01425795 • Keller Williams Beverly Hills

Property Details for 1126 Magnolia Avenue

Zoning
LAR3
Style
Modern
Parcel Number
5076013005
Total Units
4.0
Living Area
6370
Source Living Area
Builder
Area
Mid-Wilshire (C17)
Vacancy Rate
100
LISTING UPDATED: 10/22/2021 09:54 AM

Property Details for 1126 Magnolia Avenue

StatusSold
MLS #21-722438
Days on Market32
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2021
Lot Size0.16 AC / 7,000 SF
CountyLos 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

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Builder
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Townhome
  • Security Features: Carbon Monoxide Detector(s), Exterior Security Lights, Fire and Smoke Detection System, Fire Sprinklers, Gated, Smoke Detector
  • Property Condition: New Construction
  • Water: Water District
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Tankless
  • Building Permit: Yes
Contract Info
Contract Info
  • Financing: Cash, Cash To New Loan, Cash To Existing Loan, Submit
  • Disclosures: Building Plans Available, As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $186,960
  • Net Operating Income: $149,320.00
  • Gross Income: $186,960
  • Cap Rate: 5.54%
  • Gross Rent Multiplier: $14.00
  • Owner Pays: Gardener
  • Total Annual Expense: 37640
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Acreage: 0.1607
  • Lot Size Square Feet: 7000
  • Lot Size Dimensions: 50x140
  • Source Lot Size Dimensions: Assessor
Parking Details
Parking Details
  • Parking Garage: Uncovered, Attached, Door Opener, Garage - 4+ Car
  • Total Parking: 8
  • Open Other Spaces Total: 4
  • Garage Spaces Total: 4
  • Parking Features: Uncovered, Garage Door Opener
Interior Features
Interior Features
  • Room Type: Family Room, Walk-In Closet, Master Bathroom
  • Rooms: Dining Area, Family Room, Walk-In Closet, Master Bedroom
  • Levels: Multi/Split
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 1
  • Dining Room: 0
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Laminate
  • Equipment: Gas Dryer Hookup, Washer, Dryer, Dishwasher, Refrigerator, Microwave, Garbage Disposal, Range/Oven
  • Interior Features: Storage Space, Drywall Walls
  • Kitchen Features: Counter Top, Island
  • Bathroom Features: Powder Room, Tile, Shower and Tub
  • Bedroom Features: Master Bedroom
  • Common Walls: Attached
  • Cooking Appliances: Gas, Oven-Gas
  • Laundry: In Unit
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Flat
  • Patio Features: Balcony
  • Entry Location: Ground Level w/steps
  • Windows: Double Pane Windows
  • New Construction: Yes
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Foundation Details: Raised
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-23-2021
  • Listing Terms: Submit, Cash
  • Rent Control: No
  • Tenant Pays: Cable TV, Electricity, Gas, Water, Trash Collection
Unit Details
Unit 1 Information
  • Unit Beds: 8
  • Unit Baths: 6
  • Unit Furnished: No
  • Unit Rent: $3,800.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $7,600.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 8
  • Unit Baths: 10
  • Unit Furnished: No
  • Unit Rent: $3,990.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $7,980.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
  • Number of Dishwasher: 4
  • Number of Electric Meters: 4
  • Number of Gas Meters: 4
  • Number Range: 4
  • Number Refrigerator: 4
  • Number Water Meters: 4
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,250,000.00
  • Assessed Improvement Percent: 20.0
  • Assessed Land Value: $1,500,000.00
  • Assessed Land Percent: 80
  • Assessed Total Value: $2,750,000.00

Property History for 1126 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 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

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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Listing Courtesy of Keller Williams Beverly Hills, Kevin Danialifar, DRE #01904911

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.