1423 Magnolia Ave
Mid-Wilshire, CA
Offered at: $1,250,000
Sold Price: $1,250,000
MLS Number: 14-809845
Bedrooms: 10
Bathrooms: 10.5
Year Built: 1913
Building Size: 18453 Square Feet
Lot Size: 8297 Square Feet
Description:
Just South of Pico, 6% CAP (ACTUAL) 7.8% (Pro-Forma) with this 24 unit, 3 story brick building. Wonderful investment opportunity in Korea Town adjacent /Mid City area. Emerging area, great cash flow. Separately metered for gas and electric. There are 12 singles and 12 One Bedroom/One Bath units. Onsite manager is currently not charged rent. DRIVE BY ONLY. Showings with accepted offer only. *DO NOT DISTURB TENANTS*
