309 Margaret Avenue

Los Angeles, CA 90022

$760,000
Last Sold Price
3
Beds
2
Baths
1,872 Sq. Ft.
$406 / Sq. Ft.
1,872
Sq. Ft.
$406
per Sq. Ft.

Description

Calling all Investors..... Welcome to this fantastic opportunity in the heart of East Los Angeles. Seller is Motivated and priced it to Sell! Great Opportunity to own this Investment Property a Duplex featuring 1,872 Sq Ft of living space on a 7,310 Sq Ft Lot (Zoning LCR4YY). Front house is 2 bedrooms 1 bathroom unit is a fixer but could be fixed up into something special & profitable. Back unit has a tenant (currently month-to-month) 1 bedroom 1 bathroom . Property also offers a two car garage (possible...Calling all Investors..... Welcome to this fantastic opportunity in the heart of East Los Angeles. Seller is Motivated and priced it to Sell! Great Opportunity to own this Investment Property a Duplex featuring 1,872 Sq Ft of living space on a 7,310 Sq Ft Lot (Zoning LCR4YY). Front house is 2 bedrooms 1 bathroom unit is a fixer but could be fixed up into something special & profitable. Back unit has a tenant (currently month-to-month) 1 bedroom 1 bathroom . Property also offers a two car garage (possible ADU), plenty of yard for gatherings, and located a few blocks from Montebello. Close to major freeways including 710, 60, and 10, commuting to and from this property is a breeze, making it an ideal location for urban living. Property is close to schools, shopping, dining, entertainment, and freeway access. This one will go fast. Don't let this opportunity pass you by. See you in Escrow :) .

Property Details for 309 Margaret Avenue

View
Mountain(s), Neighborhood
Parking Spaces Total
2
Private Pool
No
Cooling Type
Wall/Window
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
1872
LISTING UPDATED: 09/04/2024 09:29 AM

Property Details for 309 Margaret Avenue

StatusClosed
MLS #DW24141569
Days on Market20
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1949
Lot Size0.17 AC / 7,297 SF
CountyLos Angeles County

Building Information for 309 Margaret Avenue

Stories1Residences-Year Built1949Building Size-Lot Size0.17 AC / 7,297 SF

Property Information for 309 Margaret Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Financing: Conventional
Expense Details
  • Operating Expense: $0
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Tract Number: 4777
  • Tax Census Tract: 5303.02
  • CFD/Mello-Roos Fee: $1,163
  • Tax Lot: 135
Community / Development
Community / Development
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Room Type: All Bedrooms Down
  • Bedroom Features: All Bedrooms Down
  • Laundry: Yes
  • Laundry Features: Inside
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: Wall/Window Unit(s)
  • Flooring: Wood
Exterior Features
  • Roof: Shingle
  • Entry Location: Front
  • Property Condition: Fixer
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Back Yard, Front Yard, Lot 6500-9999, Sprinklers In Front, Yard
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Garage
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Garage
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,200
  • Unit Type Total Rent: $1,200
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 1
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number With Range: 1
  • Number With Refrigerator: 1

Property History for 309 Margaret 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 309 Margaret Avenue

Taxable ValueLand$510,000Additions$227,460Total$737,460
Tax Record2024$10,091 ($841 / month)
Home Facts
Total Finished SqFt1,872 SqFtAbove Grade Finished SqFt1,872 SqFtLot Size7,310 SqFtStyleDuplexYear Built1949ZoningLCR4YYCountyLOS ANGELESAPN5249-026-018

Schools near 309 Margaret Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 4
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
KIPP Raices Academy
CharterK to 4

David Wark Griffith Middle School
Public6 to 8

James A. Garfield Senior 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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Listing Courtesy of Pak Home Realty, Jose Leon, DRE #01813677

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.