Save
Ask
Tour
Hide
Share
$50,960,000
157 Days Online

1251 Magnolia Avenue
Los Angeles, CA 90006

For Sale|Multi-Family|Active
County:
Los Angeles
Listed by David Kaufman of David Ballin Kaufman

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

Call Now: 949.566.3224
Is this the home for you? We can help make it yours.
949.566.3224
1251 Magnolia Avenue1251 Magnolia Avenue1251 Magnolia Avenue1251 Magnolia Avenue
Save
Ask
Tour
Hide
Share

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)

Save
Ask
Tour
Hide
Share
Listing Snapshot
Price 
$50,960,000
Days Online 
157 Days
Bedrooms 
N/A
Inside Area (SqFt) 
127,930 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.32 Acres
Year Built 
1964
MLS Number 
21754908
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Other
Friends & Family
Recent Activity
2 months agoListing updated with changes from the MLS
5 months agoListing first seen online
General Features
Style 
Other
Parking 
CoveredDoor MultiDriveway Down Slope From StreetDrivewayUndergroundGarageGatedSide By SideTandemUncovered
Number of Stories 
3
Acreage 
0.32
Attached Garage 
No
Zoning 
LAR3
Listing Conditions 
Standard
Interior Features
Appliances 
Refrigerator
Fireplace 
No
Save
Ask
Tour
Hide
Share
Exterior Features
View 
None
Spa 
No
Waterfront Property 
No
Community Features
MLS Area 
C16 - Mid Los Angeles


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. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Save
Ask
Tour
Hide
Share