1251 Magnolia Avenue
1251 Magnolia Avenue Los Angeles, California 90006 United States

$50,960,000
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This portfolio offering includes 10 properties totaling 186+1 units. 15 Studios, 118 one beds, 48 two beds, 6 three beds. There are 12 separate APN#s and multiple contiguous lots. Most of the properties are in the 90029 & 90006 zip codes of Los...

David Ballin Kaufman

Listing Courtesy of David Ballin Kaufman
$50,960,000
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.32 Acres
Exterior
Residential Income
Property type
1964
Year Built
21754908
Web Id
21754908
MLS ID
Los Angeles Unified
School District
153
days ago

About 1251 Magnolia Avenue

This portfolio offering includes 10 properties totaling 186+1 units. 15 Studios, 118 one beds, 48 two beds, 6 three beds. There are 12 separate APN#s and multiple contiguous lots. Most of the properties are in the 90029 & 90006 zip codes of Los Angeles, CA. These well-located properties offer convenient access to DTLA & Mid-Wilshire and can be managed efficiently due to their proximity to one another. The properties are well maintained and have had many exterior and interior improvements including new roofs and copper plumbing. More than 25% of the units have been beautifully upgraded. There is still +28% upside to be realized as units turn and the opportunity to construct two additional units already permitted at 1006 Mariposa. This infill multifamily portfolio is in an improving submarket in Los Angeles and gives an investor diversification amongst 12 different assessor parcels and proven upside through continued unit turns. Subject Properties & APNs: 1006 N. Mariposa Ave. (5538-002-030; -018) / 1018 N. Mariposa Ave. (5538-002-032) / 1015, 1017 & 1021 N. Mariposa Ave. (5538-001-017; -018) / 1250 N Kingsley Dr. (5537-014-031) / 5525-5527 Virginia Ave. (5536-008-016; -017) / 5442 Virginia Ave. (5536-010-008) / 222 Roselake Ave. (5157-018-049) / 1251 Magnolia Ave. (5076-017-024) / 1401 S Catalina St. (5075-006-019) / 1237 Magnolia Ave. (5076-017-017)

Listing Courtesy of David Kaufman, David Ballin Kaufman, 01217537, Active

Amenities

  • Refrigerator

features

Parking
Driveway, Garage

PROPERTY INFORMATION

Appliances
Refrigerator
Parking Description
Covered, Door-Multi, Driveway Down Slope From Street, Driveway, Underground, Garage, Gated, Side By Side, Tandem, Uncovered

ADDITIONAL INFORMATION

Number of Units
187
Listing Courtesy of David Ballin Kaufman
This Los Angeles Residential Income is for Sale at $50,960,000 USD and was built in 1964. Has on a lot of .32 Acres.

 

David Ballin Kaufman

Listing Courtesy of David Ballin Kaufman
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