1201 Magnolia Ave, Los Angeles, CA 90006

We are pleased to exclusively present this three-story garden-style walk-up apartment building, located in the City of Los Angeles. The Pico/Union submarket is on the rise and offers easy access to Koreatown and DTLA.Originally built in 1971, this complex features both front and rear staircases connected by mostly exterior walkways. There is no elevator. The semi subterranean parking garage is gated with remote access. There are 21 single spaces. The building has gated entry with an intercom system. The laundry room has 2 washers and 2 dryers leased from Wash. The building has a built-up composition roof. There is a boiler and hot water heater located in a room next to the building's storage room on the roof.The units are master metered for gas and separately metered for electric. Gas wall heaters, galley kitchens with dual sinks, gas stovetop / ovens and laminate plank flooring. Clean, but mostly original. Value-add opportunity.