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Los Angeles Apartments for Sale 1518 Magnolia Ave, Los Angeles, CA 90006

$ 1,450,000
1518, Magnolia Avenue, Pico-Union, Los Angeles, Los Angeles County, California, 90006, United States,
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Overview

  • Updated On:
  • September 15, 2022
  • 17 Bedrooms
  • 14 Bathrooms
  • 6,611 ft2
  • Year Built: 2022

Calling all DEVELOPERS & INVESTORS! A fully entitled “shovel-ready” RTI Opportunity with both street and alley access to build 5 large non-rent controlled units, three story double duplex + ADU boasting a total of 17 Beds and 14 Baths, all units will be separately metered featuring bright and open floor plans, on grade parking, sizeable balconies and rooftop decks with city views and substantial bedrooms distributed among all levels. This proposed development claims high futuristic expectations after completion such as an attractive elevated cap rate and an annual gross rental income of $270,000/year. Geographically located just minutes away from Downtown LA’s greatest offerings including USC, Crypto-Arena, Memorial Coliseum, Convention Center and much more!

Listed by Or Brodsky

310-623-2319 (agent)

[email protected] (agent)

David Wilson
Los Angeles Redfin Partner Agent
JohnHart Real Estate

Address: 1518, Magnolia Avenue, Pico-Union, Los Angeles, Los Angeles County, California, 90006, United States
State/County:
Zip: 90006
Country: United States
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Property Id : 20830
Price: $ 1,450,000
Property Size: 6,611 ft2
Bedrooms: 17
Bathrooms: 14
Custom ID: 22-178873
Year Built: 2022
Structure Type: Cement
Interior Details
Equipped Kitchen
Gym
Laundry
Media Room
Outdoor Details
Back yard
Basketball court
Garage Attached
Hot Bath
Pool
Utilities
Central Air
Electricity
Heating
Natural Gas
Ventilation
Water
Other Features
Chair Accessible
Elevator
Fireplace
Smoke detectors
Washer and dryer
WiFi

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