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1324 Magnolia AvenueLos Angeles, CA 90006

For Sale

$879,000

Smart Buyer Rebate $8,790

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!

Listed by Kevin Suh

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License #01307730

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The Realestate Group

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310-901-1137

Last updated March 03, 2026

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Source: CRMLS #SB26037039

Listing Facts

  • TypeMulti-family
  • NeighborhoodPico Union
  • Days on Prevu24

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

02/20/2026
Listed by The Realestate Group
$879,000

Property Details for 1324 Magnolia Avenue

Association

Amenities

  • Community Features: Curbs, Urban

Exterior

Construction

  • Number Of Units Total: 3
  • Property Attached: Yes
  • Property Condition: Repairs Cosmetic
  • Roof: Shingle
  • Stories: 1
  • Stories Total: 1
  • Window Features: Blinds
  • Year Built: 1898
  • Common Walls: 2+ Common Walls
  • Construction Materials: Concrete, Stucco
  • Entry Level: 1
  • Entry Location: Ground Level

Features

  • Direction Faces: West
  • Road Frontage Type: City Street

Measurements

  • Building Area Total: 2,536
  • Building Area Units: Square Feet
  • Lot Features: Rectangular Lot
  • Lot Size Acres: 0.14
  • Lot Size Area: 6,101
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 6,101
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 6.7
  • Gross Income: $80,400.00
  • Operating Expense: $21,586.00

Taxes

  • Parcel Number: 5056007007

Interior

Features

  • Appliances: Gas Oven, Gas Range, Gas Water Heater
  • Flooring: Laminate, Wood
  • Interior Features: High Ceilings, Bedroom On Main Level

Other

Location

  • Tax Block: A
  • Tax Lot: 5

Parking

Parking

  • Parking Features: Driveway Level, Paved

Utilities

Equipment

  • Cooling: Wall/Window Unit(s)
  • Has Cooling: Yes
  • Heating: Wall Furnace
  • Has Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 1324 Magnolia Avenue.

How does 1324 Magnolia Avenue compare to other multi-family homes in Pico Union?

This multi-family home is listed 54% below the average price for multi-family homes in Pico Union and has been on the market for 91 less days than the typical home in this area.

1324 Magnolia Avenue is a -bedroom multi-family home for sale in Los Angeles CA 90006. On Prevu for 24 days at $879,000. This home is located in Pico Union. The median listing price for multi-family homes in this area is $1,200,000. The home offers parking. View other multi-family home listings in Los Angeles.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.