2005 Magnolia Avenue Los Angeles, CA ^$ 1,800,000

2005 Magnolia Avenue

^$ 1,800,000

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Recently Listed

2005 Magnolia Avenue

Los Angeles, CA, 90007

^$ 1,800,000

Bedrooms14 Baths5.0 Sq 4,620

Monthly Estimate*

^$ 12,574

Listed by RE/MAX Alliance Group

2005 Magnolia Avenue, Los Angeles, CA 90007 - Image 1

2005 Magnolia Avenue, Los Angeles, CA 90007 - Image 2

2005 Magnolia Avenue, Los Angeles, CA 90007 - Image 3

Multi-Family Home for sale in Los Angeles, CA

for $1,800,000 with 14 bedrooms and 5 full baths. This 4,620 square foot home was built in 1903 on a lot size of 0.1369.

Situated at 2005 Magnolia Avenue, Los Angeles, CA 90007, this charming property presents a unique investment opportunity. Comprising two units across 4,620 square feet, this two-level residence boasts a rich history dating back to its construction in 1903. Recently listed with an enticing price per square foot of $389.61, this property offers excellent value. Nestled on a 5,965 square foot lot in the Standard SLC area, it promises both space and potential. With a total operating expense of $13,260 and a net operating income of $154,740, this property showcases strong financial viability. Whether you're considering it for investment purposes or envisioning it as a distinctive home, 2005 Magnolia Avenue encapsulates the allure of historic charm and modern opportunity in the heart of Los Angeles.

Multi-Family Active

Price

^$ 1,800,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Duplex

Lot Size

0.1369

Year Built

1903

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

IN24081431

Days on Market

Features

General

Sewer PublicSewer

Heating WallFurnace

Cooling None

Zoning LAR4

Garage Spaces 0.0

Pool Features None

Year Built 1903

Tenant Pays None

Stories 2

Levels Two

Property SubType Duplex

Gross Income 168000.0

Community Features Biking Curbs StreetLights Sidewalks

County Los Angeles

Net Operating Income 154740.0

Operating Expense 13260.0

Insurance Expense 2000.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions West of Hoover North of the 10-Fwy

City Los Angeles

Entry Location 1

View Y/N N

Senior Community Y/N N

Total Units 2

MLS Area C42 - Downtown L.A.

Lot Size Square Feet 5965.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Number of Units Leased 2

Street Name Magnolia

Listing Terms Conventional FHA OwnerWillCarry VALoan

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 6000.0

Home Warranty Y/N N

Fuel Expense 0.0

Trash Expense 480.0

Water Sewer Expense 4200.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 2

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 2

Property Sub Type Additional Duplex

Cap Rate 6.8

Exterior

Lot Features BackYard FrontYard

Water Source Public

Total Parking 0.0

Lot Size Area 5965.0

Number of Buildings 1

Spa N

Building Area Total 4620.0

Lot Size Acres 0.1369

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 2

Number of Separate Electric Meters 2

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Fireplace Features None

Total Stories 2

Common Walls Item1CommonWall

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Street Suffix Avenue

Laundry Features CommonArea

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 2005

* Excluded Features

List By

Re/Max Alliance Group

Broker

(310) 508-7155

Phone

Affordability Calculator

$12,574

Per Month

Monthly Principal & Interest: $12,574
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,993,562

Percent of Sale Price 11%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/24/2024	$1,800,000		Listed Price

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2005 Magnolia Avenue, Los Angeles, CA, 90007 is a Multi-Family Home for sale at $1,800,000 with 4,620 sqft and a lot size of 0.1369. 2005 Magnolia Avenue has 14 bedrooms, 5.0 baths, and was built in 1903. The property's zip code is 90007 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/5/2024. 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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2005 Magnolia Avenue

Multi-Family Home for sale in Los Angeles, CA

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