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117 Magnolia Avenue
Glendale, CA 91204
Sold
You don't want to miss this one! Prime location adjacent to Lexus of Glendale and Auto Row. Less than 1 mile south of the Americana. Fantastic opportunity to own a well cared for six unit multifamily property that has been in the same family for over 25 years. Nestled on a tree lined street off Brand Blvd, all 6 units are 1BR+1BA and range between 570 - 606 SF each (per title). Built in the late 1930's, the property has charming original features such as bay windows, curved ceilings, tile mosaics, built ins, and more. Some units have newer upgrades such as laminate wood floors, and the electrical has been upgraded throughout. Additionally, there is a laundry room and garages in the rear. The property was originally built as apartments and converted to "Own Your Owns" in the 1950's. Each unit has it's own separate parcel number, but they are not condos as there is no tract map or HOA. The property represents a unique investment property with almost 20% upside in rents. One unit is currently vacant, call for a marketing package and rent roll.
PROPERTY INFORMATION
| MLS # | 23313435 | Lot Size | 10,192 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,799,000
Price Per SqFt: $ 516 |
DOM | 612 Days |
| Address | 117 Magnolia Avenue | Type | Residential Income |
| City | Glendale | Sq.Ft. | 3,488 Sq. Ft. |
| Postal Code | 91204 | Garage | 6 |
| County | Los Angeles | Year Built | 1939 |
| Bed / Bath | 6 / 0 | Parking | 6 |
| Built In | 1939 | Status | Closed |
| Sold Date | 2023-10-26 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Washer Included, Dryer Included, Community, Outside, Individual Room |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | Yes |
| Kitchen Appliances | Disposal, Refrigerator, Gas Oven |
| Kitchen Information | Tile Counters |
| Has Heating | Yes |
| Heating Information | Wall Furnace, Natural Gas |
| Flooring Information | Tile, Laminate |
| InteriorFeatures Information | Ceiling Fan(s) |
| EntryLocation | Main Level |
| Entry Level | 1 |
| Has Spa | No |
| SpaDescription | None |
| Bathroom Information | Low Flow Toilet(s), Low Flow Shower |
EXTERIOR FEATURES
| FoundationDetails | Raised |
| Roof | Composition, Shingle |
| Has Pool | No |
| Pool | None |
| Has Patio | No |
| Patio | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,919
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 10/26/2023 | Sold | $1,800,000 |
| 09/21/2023 | Sold | $1,799,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Dana Coronado, Equity Union. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
