About 1716 Magnolia Avenue
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 laundry 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).
Features of 1716 Magnolia Avenue
| MLS® # | 25625505 |
|---|---|
| Price | $775,000 |
| Sold Price | $680,000 |
| Bedrooms | 4 |
| Bathrooms | 4.00 |
| Square Footage | 2,492 |
| Lot Sqft | 4,821 |
| Acres | 0.11 |
| Year Built | 1930 |
| Type | Residential Income |
| Status | Closed |
| # Of Units | 4 |
Community Information
| Address | 1716 Magnolia Avenue |
|---|---|
| Area | C16 - Mid Los Angeles |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90006 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Parking | None |
| # of Garages | 4 |
| Garages | None |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | None |
|---|---|
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Multi/Split |
Additional Information
| Date Listed | December 4th, 2025 |
|---|---|
| Date Sold | March 9th, 2026 |
| Days on Market | 70 |
| Zoning | LARD1.5 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Jake Glaser |
|---|---|
| Office | Lyon Stahl Investment Real Estate, Inc. |