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    BEDS
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    ACRES
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    1/2 BATHS
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    SQFT
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    $/SQFT

Listing Details

Status
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On Site
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On Market
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MLS #
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Neighborhood
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Type
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Built
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County
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School Ratings & Info

Description

Koreatown apartment opportunity with 22 parking spaces! First time on the market for over 25 years! All large almost 900SF one bedrooms. Security Camera System. Laundry room on site, where an owner can install and keep all the income. Currently there are 2 vacancies being held for showing purposes. NOI is subject to verification. Two units have been remodeled including the one in the pictures. The others are original built condition. 80% of the building has new copper pipes and the water heater is 4 years old. Property won't last!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T00:26:59.983. 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 The DeBonis Team | Realty Masters & Associates. Licensed in the State of California, USA.
www.debonishomes.com/homes/116280878
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947 Magnolia Avenue Los Angeles (City), CA 90006

  • Price: $4,200,000
  • Status: Active
  • ID#: WS21082578
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Beds
0
Baths
0
½ Baths
0.2
Acres
1961
Built
Neighborhood:
KREA - Koreatown
County:
Los Angeles
Area:
KREA - Koreatown
Property Description
Koreatown apartment opportunity with 22 parking spaces! First time on the market for over 25 years! All large almost 900SF one bedrooms. Security Camera System. Laundry room on site, where an owner can install and keep all the income. Currently there are 2 vacancies being held for showing purposes. NOI is subject to verification. Two units have been remodeled including the one in the pictures. The others are original built condition. 80% of the building has new copper pipes and the water heater is 4 years old. Property won't last!
Exterior Features

Lot Features Sprinkler System Number Of Separate Electric Meters 19 Parking Features Driveway LevelGarage Parking Total 22 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 3 Common Interest None Community Features CurbsStreet Lights Electric Expense 3660 Fuel Expense 0 Garage YN Yes Gross Income 254544 Gross Scheduled Income 254544 Insurance Expense 4000 Land Lease YN No Laundry Features See Remarks Levels Three Or More Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional Maintenance Expense 5000 Net Operating Income 127546 New Construction YN No New Taxes Expense 44000 Number Of Separate Gas Meters 19 Number Of Separate Water Meters 1 Operating Expense 126998 Pest Control Expense 840 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 21000 Water Sewer Expense 20298 Water Source Public Zoning Lar4

Listing provided courtesy of Travis Ely of Travis Ely


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T00:26:59.983. 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 The DeBonis Team | Realty Masters & Associates. Licensed in the State of California, USA.
 
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The DeBonis Team | Realty Masters & Associates
19040 Van Buren Boulevard #107
Riverside CA, 92508