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2001 Magnolia Avenue

Los Angeles, CA 90007

$870,000 Sale Price
Est. Payment: $ 0/mo
3
Bed
2
Bath
1,458 Sq. Ft.
$600 / Sq. Ft.
Sold

2001 Magnolia Avenue

Los Angeles, CA 90007

Sold
$870,000 Sale Price
$0/mo
3
Bed
2
Bath
1,458
Sq. Ft.
Welcome to this beautifully renovated California bungalow that offers an exceptional opportunity for both homeowners and investors alike. Conveniently located on a corner lot in a prime Los Angeles neighborhood, this home is just minutes from the 10 and 110 freeways, USC & USC Village, Exposition Park, and downtown Los Angeles. With easy access to popular areas and public transportation--located less than 700 feet from a main bus stop--this property offers an ideal blend of urban living and accessibility. The 1,458 square foot home sits on a spacious 5,964 square foot lot, providing endless possibilities for expansion. Zoned LARD1.5 with TOC Tier 3 status, the property allows for up to 7 units on the lot, making it perfect for adding up to 6 additional dwelling units (ADUs) to generate rental income or accommodate guests. Notably, this property is NOT subject to the City of Los Angeles' Rental Stabilization Ordinance (RSO), offering added flexibility for potential investors. The home itself has been tastefully upgraded with brand-new windows, hardwood floors, carpet, and tile throughout. Brand-new air condition units have been installed to ensure year-round comfort. Solar panels have also recently been installed to further decrease the owner's energy costs. The fully renovated kitchen is a chef's delight, featuring brand-new stainless steel appliances and elegant marble countertops. The current layout includes 3 bedrooms and 2 bathrooms, along with a spacious living room, dining room, foyer, and laundry/utility area with W/D hookups. Outdoor living is just as inviting with charming front and back porches perfect for relaxing or entertaining, and spacious front and back yards. The fenced-in front and back yards provide both security and tranquility, complete with designated gardening areas. The gated driveway offers ample parking for up to 4 cars, in addition to a covered parking area and storage unit. Whether you're looking to to make this your dream home or seeking a smart investment opportunity, 2001 Magnolia Ave is a must-see. Schedule a showing today to explore all that this exceptional property has to offer!
PROPERTY INFORMATION
MLS # 24433441 Lot Size 5,964 Sq. Ft.
HOA Fees $0/Monthly Property Type Single Family Residence
Price $ 875,000
Price Per SqFt: $ 600
DOM 247 Days
Address 2001 Magnolia Avenue Type Residential
City Los Angeles Sq.Ft. 1,458 Sq. Ft.
Postal Code 90007 Garage N/A
County Los Angeles Year Built 1903
Bed / Bath 3 / 2 Parking 2
Built In 1903 Status Closed
Sold Date 2024-10-29
INTERIOR FEATURES
Has Laundry Yes
Laundry Information See Remarks
Has Fireplace No
Fireplace Information None
Has Appliances Yes
Kitchen Appliances Dishwasher, Disposal, Refrigerator
Has Heating Yes
Heating Information Natural Gas
Room Information Den, Walk-In Closet, Family Room, Formal Entry
Flooring Information Wood, Carpet, Tile
InteriorFeatures Information Ceiling Fan(s)
Has Spa No
SpaDescription None
SecuritySafety Smoke Detector(s), Gated Community, Carbon Monoxide Detector(s), Fire and Smoke Detection System
EXTERIOR FEATURES
Has Pool No
Pool None
WALKSCORE
MORTGAGE CALCULATOR
  • Principal & Interest:
  • Property Tax:   $933
  • Home Insurance:$119
  • HOA Fees:$0
  • Mortgage Insurance:


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PRICE HISTORY
Date Event Price
08/29/2024 Listed $875,000
Topfind Realty

Topfind Realty

REALTOR®

(844)-333-8033

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Listing provided courtesy of Zachary Tucker, Coldwell Banker Realty. 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.
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