1716 Magnolia Ave - 1716 Magnolia Ave 4 Unit Apartment Building Offered at $1,067,415 CAD at a 3.77% Cap Rate Los Angeles, CA 90006

The Glaser Group is pleased to present 1716 Magnolia Avenue, a Spanish Colonial Revival four-unit property located in the Pico Union neighborhood of Los Angeles. Built in 1930 and totaling 2,492 square feet on a 4,879 square foot lot, the building offers one of the most attainable price points in the market today. With one unit delivered vacant at closing, the property is well suited for an entry-level investor seeking a house-hack opportunity while benefiting from strong long-term upside.
Current rents are approximately 67% below market, providing a clear path for income growth through unit turnover and strategic renovations. Each unit includes in-unit washer/dryer hookups and one private garage space, and recent exterior paint gives the building a clean, well-maintained appearance. The property is separately metered for gas and electricity, and the detached garages offer potential ADU conversion opportunities for future additional income (Buyer to verify).
1716 Magnolia Avenue is centrally located near public transportation, Koreatown, and Downtown Los Angeles, with quick access to West Adams Preparatory High School, Loyola High School, USC, Exposition Park, LA Live, and Crypto Arena. This location continues to attract consistent rental demand from students, working professionals, and households seeking proximity to major employment and transit corridors.