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$5,197,000

Beds
Unknown
sq ft
8,761

1210 Magnolia Ave, Los Angeles, CA 90006

1210 Magnolia Ave

Los Angeles, CA 90006

  • 14 days on market
1206, 1206 1/2, 1208, 1208 1/2 & 1210 Magnolia Ave, Los Angeles CA 90006 Presenting a Clean Modern look BRAND NEW CONSTRUCTION Multi-family Investment 5 Unit Property. Property’s breakdown is the following: This Project consists of 2 Duplexes and 1 Single Family Dwelling; a total of 5 units. [(1) 7Bd 6Ba, (2) 7Bd 5Ba & (2) 5Bd 5Ba] Total of 31 Bedrooms and 26 Baths Total approx. Living sqft: 8,761 Total approx. Lot sqft: 7,000 Breakdown: SFD: 1,414 sqft Duplex A Unit 1: 2,088 sqft Duplex A Unit 2: 2,088 sqft Duplex B Unit 1: 1,585.5 sqft Duplex B Unit 2: 1,585.5 sqft (Garage 931 sqft NOT included above.) All units are Quad-Level & separately metered for each utility service. This project is located in a hot rental area. Location, location, location! Being new construction, these units are easy to lease out. This is a very desirable location, you will see new construction and ongoing Construction all around. Property has little to no maintenance; super convenient for the owner. Estimated completion is June 2024. Buyer(s) to independently verify all information on this listing. Listing agent is not liable for any information that turns out incorrect. The accuracy of all information, regardless of source, including but not limited to square footages, lot sizes, income, and expenses, is deemed reliable but not guaranteed.

Details

Property type

Mixed Use

Est. home value

$1,551,985

Property condition

New Construction

Lot size

7,000 sq ft

Price per sq ft

$594

Year built

2024

Price History

06/17/2024
CRMLS

CRMLS #DW24118497

Listed
$5,197,000
-4.2%
06/11/2024
CRMLS

CRMLS #DW24071075

Removed
$5,425,000
05/08/2024
CRMLS

CRMLS #DW24071075

Listed
$5,425,000
+352.08%

Schools & Community

Neighborhood: 

Harvard Heights

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Marc Meshekow Ira 828427

Loan start date

July 2023

Original loan amount

$1,300,000

Est. remaining balance

Not provided

Interest rate

6.57%

Loan type

Commercial

Seller

Jerusalem Builders Inc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/01/2024 at 7:40 AM

Listing updated: 06/17/2024 at 12:48 PM

Listed by: Yossmira Hernandez, First Family Homes Phone #: (562) 862-7373

MLS: CRMLS #DW24118497

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