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1933 Magnolia Avenue
Los Angeles, CA 90007
Sold
1933 Magnolia Avenue
Los Angeles, CA 90007
Sold
Presenting an 8,530 SF redevelopment opportunity at 1933 Magnolia Ave that is currently zoned RD 1.5 in a Tier 2 TOC; the property is located 300 ft south of W Washington Blvd adjacent to Downtown Los Angeles and situated just off the I-10 and I-110. The subject property is a lot with an 828 SFR and a detached 2 car garage with no tenant relocation required, and the ability to build 5 units by right and up to 10 units by employing TOC benefits. At the asking price, the property is offered at a low price per SF of $129. The subject property has a central location within high growth neighborhoods, an easy commute to DTLA, Los Angeles Convention Center, University of Southern California, Crypto.com Arena, L.A. Live, Banc of California Stadium, and walking distance to numerous Metro rail and bus line stops. SB-8 Clearance: The sellers used to occupy the property, but also rented and professionally managed it within the last 4 years. The former tenants had strong sources of income and were paying market rents. There have been no-evictions at this property. All the previous tenants have left due to voluntary reasons, and the management company possesses formal records of rental history.
PROPERTY INFORMATION
| MLS # | PW23063683 | Lot Size | 8,529 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,100,000
Price Per SqFt: $ 129 |
DOM | 747 Days |
| Address | 1933 Magnolia Avenue | Type | Land |
| City | Los Angeles | Sq.Ft. | 8,529 Sq. Ft. |
| Postal Code | 90007 | Garage | N/A |
| County | Los Angeles | Year Built | |
| Bed / Bath | 0 / 0 | Parking | N/A |
| Built In | Status | Closed | |
| Sold Date | 2023-09-01 |
INTERIOR FEATURES
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,173
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 05/23/2023 | Active Under Contract | $1,100,000 |
| 05/03/2023 | Active Under Contract | $1,100,000 |
| 04/17/2023 | Listed | $1,100,000 |
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Listing provided courtesy of Alex Colombo, Lyon Stahl Investment Real Est. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
