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1100 Magnolia Ave, Los Angeles, CA 90006
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1100 Magnolia Ave Los Angeles, CA 90006

$1,990,000
  • 37 Beds
  • 28 Baths
  • 5,954 Sq.Ft.
For Sale
$1,990,000 Get Pre-Qualified
Map preview of 1100 Magnolia Ave, Los Angeles, CA 90006

Property Overview: 1100 Magnolia Ave Los Angeles, CA has 37 bedrooms, 28 bathrooms, 5,954 living square feet and 8,424 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Great location and Opportunity Zone in K-town. Perfect for investors looking for residual income for long term hold, build new construction, and take advantage of O-zone tax incentive. So many different avenues of opportunity on this corner lot ! The units are individually gas and electricity metered.

Listed by Stacy B. Han | BRE #01886632 | Keller Williams Larchmont
Last checked: 7 minutes ago | Last updated: February 23rd, 2024 | Source CRMLS | DOM: 63
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Home details

Lot Sq. Ft
8,424
HOA Dues
$0/mo
Year built
1904
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24357723
City
Los Angeles
County
Los Angeles
Time on Site
77 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,293
  • Total Rent: $1,293
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,596
  • Total Rent: $1,596
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,177
  • Total Rent: $1,177
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,115
  • Total Rent: $1,115
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 5
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,406
  • Total Rent: $1,406
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 6
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,417
  • Total Rent: $1,417
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 7
  • # of Units: 7
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,190
  • Total Rent: $1,190
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.04
  • Gross Scheduled Income: --
  • Net Operating Income: $69,440
  • Gross Operating Income: $124,056
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1100 Magnolia Ave

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Property Details for 1100 Magnolia Ave

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 9
  • Has Parking
  • Parking Features: Concrete
Property Information
  • Total # of Units: 7
  • Parcel Number: 5076013001
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: One Block S. Olympic Blvd and E. Vermont Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 1100 Magnolia Ave

Last sold for $1,580,000 on August 30th, 2016

  • February, 2024

  • Feb 15, 2024

    Date

    Active

    CRMLS: 24357723

    $1,990,000

    Price

  • October, 2022

  • Oct 4, 2022

    Date

    Canceled

    CRMLS: 22145737

    $1,950,000

    Price

  • Jun 3, 2022

    Date

    Active

    CRMLS: 22145737

    $1,950,000

    Price

  • Listing provided courtesy of CRMLS

  • July, 2021

  • Jul 15, 2021

    Date

    Canceled

    CRMLS: 21688078

    $1,950,000

    Price

  • Feb 3, 2021

    Date

    Active

    CRMLS: 21688078

    $1,950,000

    Price

  • Listing provided courtesy of CRMLS

    Great location and Opportunity Zone in K-town! Perfect for investors looking for residual income for long term hold, build new construction, and take advantage of O-zone tax incentive. So many different avenues of opportunity on this corner lot! Second story gives a perfect view of DTLA. The units are individually gas and electricity metered. Two building with 4 units in each building.

  • July, 2019

  • Jul 15, 2019

    Date

    Canceled

    CRMLS: 19439662

    $1,950,000

    Price

  • Jul 9, 2019

    Date

    Withdrawn

    CRMLS: 19439662

    $1,950,000

    Price

  • Mar 13, 2019

    Date

    Active

    CRMLS: 19439662

    $1,950,000

    Price

  • Listing provided courtesy of CRMLS

    Great Location in K-town.The apartments are individually gas and electricity metered. Two building each have 4 units. Property is being sold in its "AS IS " current physical condition.

  • August, 2016

  • Aug 30, 2016

    Date

    Sold (Public Records)

    Public Records

    $1,580,000

    Price

  • August, 2012

  • Aug 27, 2012

    Date

    Sold (Public Records)

    Public Records

    $710,000

    Price

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Tax History for 1100 Magnolia Ave

Assessed Value (2020): $1,676,706
Year Land Value Improved Value Assessed Value
2020 $1,173,695 $503,011 $1,676,706

Home Value Compared to the Market

This property vs the competition

1100 Magnolia Ave is listed 62.45% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $334.23 per/sqft which puts the price per square foot 56.82% lower than the median price per square foot for the city of Los Angeles.

About 1100 Magnolia Ave

Detailed summary of property

1100 Magnolia Ave is a multi family located in Los Angeles, CA 90006 and is currently for sale. This multi family property offers 37 bedrooms, 28 bathrooms, roughly 5,954 living square feet, and sits on an approximately 8,424 square foot lot. 1100 Magnolia Ave was first listed on ArdentRealEstateGroup.com on February 15, 2024. The homeowner is currently asking $1,990,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 62.45% higher than the median priced home. Local competing homes currently for sale include 1820 W 11th St, 910 S Catalina St and 837 S Berendo St. While the average home in Los Angeles, CA is selling in 96 days, 1100 Magnolia Ave has a days on market of 63 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 1100 Magnolia Ave Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1100 Magnolia Ave

Public county record property details
Beds
8
Baths
7
Year built
1904
Sq. Ft.
5,954
Lot Size
8,421
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
70,71
APN
5076-013-001

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,000
Median List Price/Sq.Ft.
$606
Median Sold Price
$690,000
Median Sold Price/Sq.Ft.
$600
Total Inventory
32
Median Sale to List Price %
98.71%
Avg Days on Market
36
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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Recently Sold Homes Near 1100 Magnolia Ave

1101 Magnolia Ave, Los Angeles, CA 90006
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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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