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1518 Magnolia Avenue

Los Angeles (City), CA 90006
  • $1,450,000
  • STATUS: Active
  • ON SITE: 29 Days
  • ID#: 22178873
UPDATED: 29 min ago
$1,450,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2022
County:

School Ratings & Info

Listing Agent(s): Or Brodsky of Compass (310-230-5478)


Description

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!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-14T11:27:45.443. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Bathurst Coastal Properties | Compass. Licensed in the State of California, USA.
www.livelovebeachcities.com/homes/130948565
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1518 Magnolia Avenue Los Angeles (City), CA 90006

  • Price: $1,450,000
  • Status: Active
  • On Site: 29 Days
  • Updated: 29 min ago
  • ID#: 22178873
0
Beds
0
Baths
0
½ Baths
0.14
Acres
2022
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
Property Description
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!
Exterior Features

Architectural Style Modern Direction Faces West Parking Features Assigned Parking Total 8 Property Attached YN No View City Lights View YN Yes

Interior Features

Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Heating None Heating YN No

Property Features

Association Fee 0 Gross Income 0 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 0 New Construction YN No Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays ElectricityGasWater Vacancy Allowance Rate 100 Zoning Lard1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-14T11:27:45.443. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Bathurst Coastal Properties | Compass. Licensed in the State of California, USA.
 
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Bathurst Coastal Properties | Compass
2141 Rosecrans Ave, Suite 1120
El Segundo CA, 12345
Listing Agent(s): Or Brodsky of Compass (310-230-5478)