1716 Magnolia Avenue, a Spanish Colonial Revival four-unit property located in the Pico Union neighborhood of Los Angeles. Built in 1930 and totaling 2,492 square feet on a 4,879 square foot lot, the building offers one of the most attainable price points in the market today. With one unit delivered… Read More vacant at closing, the property is well suited for an entry-level investor seeking a house-hack opportunity while benefiting from strong long-term upside. Current rents are approximately 67% below market, providing a clear path for income growth through unit turnover and strategic renovations. Each unit includes in-unit laundry hookups and one private garage space, and recent exterior paint gives the building a clean, well-maintained appearance. The property is separately metered for gas and electricity, and the detached garages offer potential ADU conversion opportunities for future additional income (Buyer to verify). Read Less
Courtesy of Lyon Stahl Investment Real Estate, Inc. 310-425-9838
Listing Snapshot
Days Online
36
Last Updated
Property Type
Other
Beds
4
Square Ft.
2,492
Lot Size
0.11 Acres
Year Built
1930
MLS Number
25625505
30 Days Snapshot Of 90006
$557k
-15%
(avg) sold price
6
-14%
homes sold
91
+54%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
2,492 sq ft, Built in 1930, Levels: Multi/Split
Cooling
None
Disclosures
None
Garage
4 total garage spaces, None
Heating
None
Lot
LotAcreage: 0.1107, LotSizeArea: 4,821
Parking
TotalParking: 4
Property
NumberOfUnits: 4, Zoning: LARD1.5
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Confirm your time
Fill in your details and we will contact you to confirm a time.
