1716 Magnolia Ave, Los Angeles, CA 90006

Dec 9

Written By Jake Glaser

Spanish Style 4-Plex in Pico Union | One Vacancy | 67% Rental Upside & ADU Potential

Download Offering Memorandum

$775,000

Property Highlights

4-unit spanish style property built in 1930
Located in Pico Union, adjacent to Koreatown
Property consists of (4) 1BR/1BA units with one of the units to be delivered vacant at the close of escrow
Owner only pays for water, property is separately metered for both gas and electricity
Property has been recently painted
Each unit has washer/dryer hookups and one garage parking space
Potential to convert existing garages into ADUs
67% of potential rental upside remaining
Close proximity to public transportation, downtown LA, crypto Arena, LA Live, and other retail

The Opportunity

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.