Situated at 2005 Magnolia Avenue, Los Angeles, CA 90007, this high-demand multifamily asset offers an exceptional investment opportunity just minutes from the University of Southern California (USC). The property features two expansive units totaling 14 bedrooms and 4 bathrooms across 4,620 square feet, making it ideal for student housing or Airbnb. With R4 zoning and existing plans for an ADU, there's significant potential to increase density and maximize returns. Located on a 5,965 square foot lot in the Standard SLC area, it's well within biking distance to USC and easily accessible by public transportation, ensuring strong and consistent tenant demand. Listed at just $389.61 per square foot, with operating expenses of only $13,260 and a net operating income of $154,740, this property already performs at a high level — with room to grow. Whether you're seeking immediate cash flow, future development upside, or both, 2005 Magnolia Avenue delivers historic charm, unbeatable location, and serious investment potential in the heart of Los Angeles.