1210 Magnolia Ave
Los Angeles, CA, 90006 $ 5,425,000
Bedrooms31 Baths16.0 Sq 8,761 Monthly Estimate*
$ 36,056
Listed by First Family Homes
for $5,425,000 with 31 bedrooms and 16 full baths. This 8,761 square foot home was built in 2024 on a lot size of 0.1607.
1206, 1206 1/2, 1208, 1208 1/2 & 1210 Magnolia Ave, Los Angeles CA 90006 Presenting a Clean Modern look BRAND NEW CONSTRUCTION Multi-family Investment 5 Unit Property. Property’s breakdown is the following: This Project consists of 2 Duplexes and 1 Single Family Dwelling; a total of 5 units. [(1) 7Bd 6Ba, (2) 7Bd 5Ba & (2) 5Bd 5Ba] Total of 31 Bedrooms and 26 Baths Total approx. Living sqft: 8,761 Total approx. Lot sqft: 7,000 Breakdown: SFD: 1,414 sqft Duplex A Unit 1: 2,088 sqft Duplex A Unit 2: 2,088 sqft Duplex B Unit 1: 1,585.5 sqft Duplex B Unit 2: 1,585.5 sqft (Garage 931 sqft NOT included above.) All units are Quad-Level & separately metered for each utility service. This project is located in a hot rental area. Location, location, location! Being new construction, these units are easy to lease out. This is a very desirable location, you will see new construction and ongoing Construction all around. Property has little to no maintenance; super convenient for the owner. Estimated completion is June 2024. Buyer(s) to independently verify all information on this listing. Listing agent is not liable for any information that turns out incorrect. The accuracy of all information, regardless of source, including but not limited to square footages, lot sizes, income, and expenses, is deemed reliable but not guaranteed.
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FeaturesGeneralSewer PublicSewer
HOA 0.0
Garage Spaces 4.0
Pool Features None
Year Built 2024
Levels ThreeOrMore
Property SubType MixedUse
Gross Income 0.0
Community Features Sidewalks
County Los Angeles
Net Operating Income 441400.0
Operating Expense 5000.0
Insurance Expense 5000.0
New Construction Y
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions W 12th st & Magnolia Ave next to corner lot. Majorcross streets:S Hoover St & W Pico Blvd
City Los Angeles
Entry Location front and alley
View Y/N N
Senior Community Y/N N
Open Parking Spaces 6.0
Total Units 5
MLS Area 699 - Not Defined
Lot Size Square Feet 7000.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Magnolia Ave
Listing Terms Cash CashtoNewLoan Item1031Exchange
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 6000.0
Home Warranty Y/N N
Fuel Expense 2325.0
Trash Expense 1958.4
Water Sewer Expense 3000.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 2
Building Area Units SquareFeet
Standard Status Active
Year Built Source Builder
Tax Lot 82
Property Sub Type Additional MixedUse
Expected Active Date 2024-05-08
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ExteriorLot Features Item25UnitsAcre
Water Source Public
Total Parking 10.0
Lot Size Area 7000.0
Number of Buildings 3
Spa N
Building Area Total 8761.0
Lot Size Acres 0.1607
Lot Size Units SquareFeet
Lot Size Source Builder
Pool Charge 0.0
Number of Separate Water Meters 5
Number of Separate Gas Meters 5
Number of Separate Electric Meters 5
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorFireplace Features None
Total Stories 4
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Laundry Features WasherHookup GasDryerHookup
Entry Level 1
Electric On Property Y/N N
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $36,056
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $1,984,338
Percent of Sale Price 63%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/8/2024 | $5,425,000 | | Listed Price |