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Or Brodsky

1518 Magnolia Ave

$1,450,000 1518 Magnolia Ave, Los Angeles 90006

Calling all DEVELOPERS & INVESTORS! A fully entitled "shovel-ready" RTI Opportunity with both street and alley access to build 5 large non-rent controlled units, three story double duplex + ADU boasting a total of 17 Beds and 14 Baths, all units will be separately metered featuring bright and open floor plans, on grade parking, sizeable balconies and rooftop decks with city views and substantial bedrooms distributed among all levels. This proposed development claims high futuristic expectations after completion such as an attractive elevated cap rate and an annual gross rental income of $270,000/year. Geographically located just minutes away from Downtown LA's greatest offerings including USC, Crypto-Arena, Memorial Coliseum, Convention Center and much more!

  • For Sale
    Status
  • 6,611 Sq.Ft.
    Living Area

Features & Amenities

Area & Lot

  • Status: For Sale
  • Living Space: 6,611 Sq.Ft.
  • Lot Size: 6,080 Sq.Ft.

Financial

  • Sales Price: $1,450,000

1518 Magnolia Ave

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Or strongly believes that a satisfied customer is the best business strategy of all. Whether you are a high net-worth celebrity, CEO or an everyday working individual, he will be accessible and responsive to navigate you through the process and answer your real estate needs.
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