2001 Magnolia Avenue
$870,000
3
2
1,458
1,458
$597
Sold 10/29/24
Description
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....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!
- Listed by Zachary Tucker • DRE #02223521 • Brokerage DRE #01464847 • Coldwell Banker Realty
Property Details for 2001 Magnolia Avenue
Zoning
LARD1.5
StyleCalifornia Bungalow
Parcel Number5056029004
Living Area1458
Source Living AreaVendor Enhanced
AreaMid Los Angeles (C16)
Lot Size Area5964
Source Lot Size AreaVendor Enhanced
LISTING UPDATED: 10/29/2024 02:33 PM
Property Details for 2001 Magnolia Avenue
Status | Sold |
---|---|
MLS # | 24-433441 |
Days on Market | 36 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Residential / Single Family Residence |
Year Built | 1903 |
Lot Size | 0.14 AC / 5,964 SF |
County | Los Angeles County |
Building Information for 2001 Magnolia Avenue
Stories1Year Built1903Building Size-Lot Size0.14 AC / 5,964 SF
Property Information for 2001 Magnolia Avenue
Property History for 2001 Magnolia Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2001 Magnolia Avenue
Taxable ValueLand$254,972Additions$153,232Total$408,204
Tax Record2024$5,271 ($439 / month)
Home Facts
Beds3Total Finished SqFt1,458 SqFtAbove Grade Finished SqFt1,458 SqFtStories1Lot Size5,964 SqFtStyleSingle Family ResidenceYear Built1903ZoningLAR4CountyLOS ANGELESAPN5056-029-004
Schools near 2001 Magnolia Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Charter - | K to 8 | |||
Public - | 6 to 8 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Camino Nuevo Jose Castellanos CharterK to 8 | ||
John Adams Middle School Public6 to 8 | ||
Luther Burbank Middle School Public6 to 8 | ||
West Adams Preparatory High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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