Property Detail

1324 Magnolia

Los Angeles CA 90006

$850,000

Status: Active

Property Details

Description

***HUGE PRICE REDUCTION on LUCRATIVE Income Property (7% CAP) for Quick Sale!*** Fantastic Opportunity to Own 3-Unit Apartment with a Flow of Steady Income, Conveniently Located in 'Pico Union' Section of Mid Los Angeles! Close to Post Office, Markets, Restaurants, Shopping Centers, Banks, Freeways, and SS Office. 3 units are Consisted of a Large, High Ceiling SFR (#1324, All of 6 Rooms Individually Rented) + 2 Attached Studios of Over 2,500 LV sqft. All Units Are Currently Rented. All 6 Bedrooms in SFR Have 2 Full Bathrooms and a 1/4 Bathroom. Includes Spacious Kitchen and Long Hallway with Temp. Storage Space. There is also a Crawl Space for Extra Storage. Each Studio (#1326 & #1328) Has its Own Bath & Kitchen. Roofing is in Good Condition. Owners Pay Water for All Tenants, and Both Studio Units Pay Electricity & Gas Utilities. But SFR Room Tenants' Other Utilities are Included in Rent. Long Driveway & Concrete Floor Front Yard Allow Max of 8 Cars to Park. There is also an Entrance from Alley East of Property. Owner is Currently Managing the Property Independently. A Must-See Property with Great Potential!

Map Location

Listing provided courtesy of Kevin Suh of The Realestate Group. Last updated 2026-05-09 08:11:28.000000. Listing information © 2026 CRMLS.

John Collins

John Collins

DRE# 01948188
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