Description
Welcome to 1330 Magnolia Avenue which is located in the Pico Union area of Los Angeles.Over 6000sf land with RD1.5 zoning. It is good enough for building 4 units by right with potential ADU. Here's your unique opportunity to own a piece of Los Angeles. Aside from being located in a prime location of LA due to its proximity to DTLA & all that this economic powerhouse has to offer, you're steps away from public transport incl the Metro Red & Purple Lines, as well as the app 186 restaurants, bars & coffee shops located in the historical Pico Union enclave. 1330 Magnolia is considered to have a WalkScore of 91 out of 100 . Who needs a car living here? This beautiful California craftsman & detached unit is physically 4 units. The front bldg is a triplex w/a 3 bedroom/1 bath unit alongside a studio on the first floor as well as a 2 bedroom + bonus room on the 2nd story w/1 bathroom. The rear detached unit has 2 bedrooms/1 bath. The upstairs 2 bedroom/1 bath unit, and rear unit will be delivered vacant. Perfect opportunity for you to pick your own tenant or live in this vacant unit & continue renting the others. If you are tired of looking at tract homes with 0 character, here's your opportunity to own an asset with tons of charm...a gable roof, front porch, overhanging eaves, plenty of built-ins......Possible Development opportunity. May potentially be in a TOC zone. Per planning dept, condos can be built on this lot. Buyers are to verify entire condition & all info on this property on their own & satisfy themselves as to all aspects. Info deemed reliable but not guaranteed.
Location
"All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 1st April, 2023 4:16 AM (UTC)
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 1st April, 2023 4:16 AM (UTC)
Listing Agent: RAN XU
Listing Office: Pinnacle Real Estate Group
