2620 Magnolia Avenue, Los Angeles, CA 90007 - Berkshire Hathaway HomeServices California Properties

2620 Magnolia Avenue, Los Angeles, CA 90007

$3,000,000 Approx. USD 13 beds, 11 baths
4,185 sqft

Listing Agent


Christopher Furstenberg | chrisfurstenberg@gmail.com
Lic#: 01208924
Broker: Courtesy of Nourmand & Associates-HW

Co Listing Agent


Howard Lorey | HLorey@Nourmand.com
Lic#: 01263717
Broker: Courtesy of Nourmand & Associates-BH

Agent Remarks

This beautifully restored Victorian 4-plex is situated in the heart of North University Park, offering prime USC student housing. Nestled on a picturesque, tree-lined street block from the University of Southern California, the property provides 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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25522079
List price is $3,000,000 Reduced by $800,000 on 7/8/2025
Price: $3,000,000
Beds: 13
Baths: 11
Built in 1914
4,185 sqft
2 stories
0.14 acres
Lot size: 0.1401
County: Los Angeles
Zoning: LARD1.5
Appliances: Dishwasher,Refrigerator
Parking description: Assigned,Private
Heating/cooling: Central Air
Heating description: Central
MLS area: C16 - Mid Los Angeles

Last Updated: 7/8/2025

 Days On Market (DOM): 107

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This listing belongs to the C16 - Mid Los Angeles MLS area

Lat/Long: 34.031939, -118.286148.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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