1126 Magnolia Avenue, Los Angeles, CA 90006

About this property

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.

Listing description from the October 2021 sale, as reported to CRMLS.

Sale history

$2,710,000

Sold October 2021 · listed $2,695,000, on market April 2021 · MLS #21722438 · Source: CRMLS

Listing Agent: Kevin Danialifar · Listing Office: Keller Williams Beverly Hills · Contact: 310-432-6400 · Bought with: Kevin Danialifar · Keller Williams Beverly Hills

$1,100,000

Sold December 2019 · orig. $999,000, on market November 2019 · MLS #19530484 · Source: CRMLS

Listing Agent: June Ahn · Listing Office: Coldwell Banker Residential Brokerage · Contact: 323-464-9272 · Bought with: Subscriber Non · Non-Participant Office

Explore Los Angeles