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$ 3,495,000
Est. payment /mo
Active
1518 Magnolia Avenue Los Angeles, CA 90006
7,310 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,310 sqft
Price per Sqft $478
MLS Listing ID CL25614437
HOA Y/N No
Year Built 2024
Lot Size 6,082 Sqft
Acres 0.14
Property Sub-Type Other
Property Description
This 2024-built, NON-RENT-CONTROLLED luxury five-unit multi-family property offers approximately 7,310 square feet of living space and a high cap rate in one of L.A.'s fastest-growing neighborhoods. The collection features 18 bedrooms and 18 bathrooms across five spacious, townhome-style residences, each designed with modern living and long-term durability in mind. Every unit includes in-unit laundry, stainless steel appliances, and open-concept layouts that emphasize natural light and functionality. Residents enjoy two parking spaces per unit, and all utilities are separately metered. The property also incorporates solar energy systems, providing added efficiency and reduced operational costs. Located in a rapidly growing pocket of Los Angeles, this offering provides investors with a turnkey, low-maintenance opportunity with strong income potential. High-end finishes, thoughtful design, and sustainable features make this a standout addition to any multifamily portfolio.
Location
State CA
County Los Angeles
Zoning LARD
Interior
Heating Other
Cooling Central Air
Flooring Tile, Wood
Fireplace No
Appliance Dryer
Laundry Dryer, Washer
Exterior
View Y/N true
View City Lights
Building
New Construction No
Others
Tax ID 5056007020
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Listed by Or Brodsky • Compass