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1126 Magnolia Avenue

Los Angeles (City), CA 90006
  • $2,695,000
  • STATUS: Active Under Contract
  • ON SITE: 99 days
  • ID#: 21722438
Under Contract
UPDATED: 28 min ago
$2,695,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2021
County:

School Ratings & Info

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 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-01T07:28:23.83. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
www.twissrealty.com/homes/116436150
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1126 Magnolia Avenue Los Angeles (City), CA 90006

  • Price: $2,695,000
  • Status: Active Under Contract
  • Updated: 28 min ago
  • ID#: 21722438
0
Beds
0
Baths
0
½ Baths
0.16
Acres
2021
Built
Neighborhood:
C17 - Mid-Wilshire
County:
Los Angeles
Area:
C17 - Mid-Wilshire
Property 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 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.
Exterior Features

Architectural Style Modern Construction Materials Stucco Entry Location Ground Level W/Steps Foundation Details Raised Number Of Separate Electric Meters 4 Parking Features GarageGarage Door OpenerUncovered Parking Total 4 Pool Features None Pool Private YN No Spa Features None Spa YN No

Interior Features

Appliances DishwasherDisposalGas OvenMicrowaveRefrigerator Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Laminate Heating Central Heating YN Yes Interior Features StorageWalk-In Closet(S) Window Features Double Pane Windows

Property Features

Additional Parcels YN No Buyer Financing Cash Community Features Gated Garage YN Yes Gross Income 186960 Levels Multi/Split Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashSubmit Net Operating Income 149320 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 4 Possession Close Of Escrow Rent Control YN No Security Features Carbon Monoxide Detector(S)Fire Detection SystemFire Sprinkler SystemGated CommunitySmoke Detector(S) Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays Cable TvElectricityGasTrash CollectionWater Vacancy Allowance Rate 100 Zoning Lar3

Listing provided courtesy of Kevin Danialifar of Keller Williams Beverly Hills


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-01T07:28:23.83. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
 
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