1324 Magnolia Avenue, Los Angeles, California 90006, Los Angeles, 90006 - bed, bath
1324 Magnolia Avenue
Los Angeles, California 90006
Property Price
SUMMARY
Analysis of 1324 Magnolia Avenue, Los Angeles, California 90006 is currently available with a list price of $879,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1898, this property is functional and currently income-generating but shows clear signs of age and heavy use. The kitchens and bathrooms feature dated cabinetry, older appliances, and basic fixtures that lack modern updates. While the roof is reported to be in good condition and the property is habitable, the interior finishes, including flooring and light fixtures, are outdated and consistent with a property maintained through basic upkeep rather than comprehensive renovation.
PROSSTRENGTHS & OPPORTUNITIES
- High-Yield Rental Configuration
The property features a unique 3-unit setup including a 6-bedroom main house rented by the room plus two studios, offering a diversified and steady stream of rental income.
- Exceptional Parking Capacity
Rare for the Pico Union area, the property includes a long driveway and concrete front yard accommodating up to 8 vehicles, plus convenient rear alley access.
- Prime Central Location
Situated in Mid-Los Angeles, the property boasts excellent proximity to major freeways, shopping centers, and essential public services, ensuring high tenant demand.
CONSRISKS & DEFICIENCIES
- High Utility Overhead
The owner is responsible for water for all units and full utilities for the six individual room tenants, which significantly impacts net operating income and profit margins.
- Historic Era Maintenance Risks
Originally constructed in 1898, the property's age may necessitate ongoing capital expenditures for aging infrastructure and systems typical of 19th-century builds.
About 1324 Magnolia Avenue
A Wonderful Opportunity to Own 3-Unit Apartment with a Flow of Steady Income, Conveniently Located in 'Pico Union' Section in Mid Los Angeles! Close to Post Office, Markets, Restaurants, Shopping Centers, Banks, Freeways, and SS Office. 3 units are Consisted of a Large, High Ceiling SFR (#1324, All of 6 Rooms Individually Rented) + 2 Attached Studios of Over 2,500 LV sqft. All Units Are Currently Rented. All of 6 Bedrooms in SFR Has 2 Full Bathrooms and a 1/4 Bathroom. A Spacious Kitchen and Long Hallway with Temp. Storage Space. There is also a Space for the Storage in Crawl Space. Each Studio (#1326 & #1328) Has its Own Bath & Kitchen. Roofing is in Good Condition. Owners Pay Water for All Tenants, and Both Studio Units Pay Electricity & Gas Utilities. But SFR Room Tenants' Other Utilities are Included in Rent. A Long Driveway & A Concrete Floor Front Yard Allow about 8 Cars to Park at Max. There is also a Entrance from Alley East of Property. Owner is Managing by Himself, But Easy to Manage! A Must See Property!
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1898
- Lot Size
- 6,101 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Magnolia Avenue Elementary School
Grades K-6 • 0.2 mi
Leo Politi Elementary School
Grades K-5 • 0.3 mi
Hoover Street Elementary School
Grades K-5 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,536 | 2,288.5 | 50% |
| Lot Size | 6,101 | 6,003 | 50% |
| Price | $879.0K | $857.5K | 67% |
| Price per sq ft | $347 | $400 | 33% |
| Built year | 1898 | 1911 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 182 | 17% |
Pricing History
Listed for Sale
Feb 20, 2026
$879,000
Initial Listing
Sold
Feb 17, 2012
$300,000
Public Record
Sold
Dec 19, 2002
$1,000
Public Record
Sold
Jan 18, 2000
$160,000
Public Record