2001 Magnolia Avenue

Los Angeles, CA 90007

$870,000
Last Sold Price
3
Beds
2
Baths
1,458 Sq. Ft.
$597 / Sq. Ft.
1,458
Sq. Ft.
$597
per Sq. Ft.

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!
  1. Listed by Zachary Tucker • DRE #02223521 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for 2001 Magnolia Avenue

Zoning
LARD1.5
Style
California Bungalow
Parcel Number
5056029004
Living Area
1458
Source Living Area
Vendor Enhanced
Area
Mid Los Angeles (C16)
Lot Size Area
5964
Source Lot Size Area
Vendor Enhanced
LISTING UPDATED: 10/29/2024 02:33 PM

Property Details for 2001 Magnolia Avenue

StatusSold
MLS #24-433441
Days on Market36
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1903
Lot Size0.14 AC / 5,964 SF
CountyLos Angeles County

Building Information for 2001 Magnolia Avenue

Stories1Year Built1903Building Size-Lot Size0.14 AC / 5,964 SF

Property Information for 2001 Magnolia Avenue

Community / Development
Community / Development
  • HOA: No
  • Senior Community: No
Structure Info
Structure Info
  • Building Type: Detached
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • View: Yes
  • View Description: City
  • View: City Lights
  • Security Features: Smoke Detector, Gated, Carbon Monoxide Detector(s), Fire and Smoke Detection System, Other
  • Property Condition: Updated/Remodeled
  • Water Heater Features: Water Heater Unit
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1369
  • Lot Size Square Feet: 5964
  • Lot Size Dimensions: 40x149
  • Source Lot Size Dimensions: Vendor Enhanced
  • Lot Location: Corner Lot
Parking Details
Parking Details
  • Parking Garage: Carport, Driveway - Concrete, Gated, Covered Parking
  • Total Parking: 2
  • Parking Features: Carport, Concrete, Gated, Covered
Interior Features
Interior Features
  • Room Type: Den, Walk-In Closet, Family Room, Formal Entry
  • Rooms: Dining Area, Den, Study/Office, Walk-In Closet, Family Room, Formal Entry, Patio Enclosed
  • Levels: One
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: Yes
  • Family Room: 1
  • Dining Room: 0
  • Furnished: Unfurnished
  • Cooling Type: Air Conditioning, Wall Unit(s)
  • Heating: Natural Gas
  • Heating Type: Natural Gas
  • Flooring: Hardwood, Carpet, Tile
  • Equipment: Ceiling Fan, Dishwasher, Freezer, Garbage Disposal, Range/Oven, Refrigerator
  • Interior Features: Ceiling Fan(s)
  • Kitchen Features: Marble Counters
  • Common Walls: Detached/No Common Walls
  • Laundry: Other
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • New Construction: No
  • Other Structures: Shed(s)
Lease Terms
Lease Terms
  • Entry Date: 08-29-2024

Property History for 2001 Magnolia Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, Zachary Tucker, DRE #02223521

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.