Los Angeles, CA 90006 1251 Magnolia Avenue

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  • MLS# 21754908
  • 06/30/2021
  • Request Tour
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Presented By: David Kaufman with David Ballin Kaufman - 310-877-8600
  • Beds • 186
  • Baths • 186
  • SQFT • 127,930
  • Garage • 1
  • Year Built • 1964

Home Details

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)
Presented By: David Kaufman with David Ballin Kaufman - 310-877-8600

General for 1251 Magnolia Avenue

AppliancesRefrigerator
Architectural StyleOther
Facing DirectionEast
Garage Y/NYes
LevelsThree Or More
Listing AgentDavid Kaufman - BRE#01217537
Listing Agent State License01217537
Lot Size Square Feet128008
MLS AreaC16 - Mid Los Angeles
Property TypeResidential Income
Senior Community Y/NNo
Special Listing ConditionsStandard
StatusActive
Total Units187
ViewNone
ZoningLAR3

Exterior for 1251 Magnolia Avenue

Lot Size Acres0.32
Lot Size Area128008
Lot Size SourceOther
Lot Size UnitsSquare Feet
Number of Buildings1
Parking FeaturesCovered, Door-Multi, Driveway Down Slope From Street, Driveway, Underground, Garage, Gated, Side By Side, Tandem, Uncovered
View Y/NNo

Additional Details

Price History

Stephen Pliaconis

Pliaconis Realty Group REALTOR® DRE 02015480
Price $50,960,000
MLS#21754908
List Date 06/30/2021
Property Type Income
Phone 310.658.1749
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