2620 Magnolia Avenue
Los Angeles, CA, 90007
$3,800,000
Beds
0 Baths
SqFt
0.14 Acres
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This beautifully restored Victorian 4-plex is located in the heart of North University Park and is in a prime area for USC student housing. Nestled on a picturesque, tree-lined street blocks from the University of Southern California, the property offers the perfect blend of classic charm and modern updates. Recently remodeled inside and out, each of the four spacious units features a contemporary kitchen with new stainless steel appliances, updated bathrooms, an in-unit washer and dryer, and central air and heat. The property is fully tenant-occupied, with leases in place through the 2025-2026 academic year, providing immediate and consistent rental income. Tenants are responsible for all utilities, including water, gas, electricity, and trash, further enhancing the property’s strong operating fundamentals. There are apx 49,000 students enrolled at USC, including nearly 21,000 undergraduates, the need for quality housing close to campus remains steady year after year. The location is just minutes away from DTLA and all the restaurants and shops of West Adams. This is a rare investment opportunity to own a fully leased, high-yield property steps from USC, surrounded by beautiful historic homes and vibrant city living.

Property Details

Price:
$3,800,000
MLS #:
25522079
Status:
Active
Baths:
0
Address:
2620 Magnolia Avenue
Type:
Residential Income
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Apr 6, 2025
State:
CA
ZIP:
90007
Lot Size:
6,104 sqft / 0.14 acres (approx)
Year Built:
1914
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Interior

Appliances
Dishwasher, Refrigerator
Cooling
Central Air
Flooring
Laminate
Heating
Central

Exterior

Parking Features
Assigned, Private
Parking Spots
4.00
Stories Total
2

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2620 Magnolia Avenue
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