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1120 Magnolia Ave Los Angeles, CA 90006

$1,150,000 Sold Price as of 11/25/2019

5 Beds
4 Baths
3,878 Sq.Ft.

Sold

$1,150,000 Sold Price as of 11/25/2019 Refinance Your Mortgage

Map preview of 1120 Magnolia Ave, Los Angeles, CA 90006

Property Overview: 1120 Magnolia Ave Los Angeles, CA has 5 bedrooms, 4 bathrooms, 3,878 living square feet and 7,001 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to this magnificent craftsman style triplex. Nestled between Downtown LA, USC, Silverlake and Koreatown. One block from the Hoover/12th bus lines. It doesn't get more centrally located and accessible than this. This property has retained all the charm and character as the day it was built. This property was used as a rooming house back in the 1940s and 1950s, like many other properties in the Mid City neighborhoods. The owners have done an excellent job in maintaining the original integrity of this beauty. You can see and feel the elegance as you walk through this home with the hardwood floors, the arches and the doors. Many original wood features are intact and supplemented by matching custom wood work on the exterior. The lower level has two units. A 2 bedroom/ 1 bath unit and a separate studio. The second level unit has 3 bedrooms and 1.5 baths. This is a rare opportunity could be a love at first sight, own a piece of history while building wealth!

Listed by Daniel "Dow" Chang | BRE #01904714 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Stephen Takahashi | BRE #01944770 | Lyon Stahl Investment Real Estate, Inc.

Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 41

Home details

Lot Sq. Ft: 7,001
HOA Dues: $0/mo
Year built: 1907
Garage: 2 Car
Property Type:: Multi Family

Status: Sold
MLS#: SB19161629
City: Los Angeles
County: Los Angeles
Time on Site: 1346 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 3
Total # of Buildings: 1
# of Leased Units: 2
# of Electric Meters: 3
# of Gas Meters: 1
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 2
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $2,575
Total Rent: $30,900
Pro Forma/Market Rent: $2,575

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,650
Total Rent: $19,800
Pro Forma/Market Rent: $2,150

Unit Breakdown 3

# of Units: 1
# of Beds: 0
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,200
Total Rent: $14,400
Pro Forma/Market Rent: $1,375

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $65,100
Net Operating Income: $44,017
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $21,083
Electric: $400
Gas/Fuel: $400
New Taxes: $15,000
Trash: $400
Gardener: $1,200
Insurance: $1,357
Water/Sewer: $400

Property Details for 1120 Magnolia Ave

Interior Features

Laundry Information

Has Laundry
Individual Room

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 2
# of Parking Spaces: 2
Has Parking
Parking Features: Concrete, Garage

Lot Information

Lot Features: Level with Street
Lot Size Source: Assessor

Property Information

Common Walls: No Common Walls
Total # of Units: 3
Parcel Number: 5076013004
Year Built Source: Assessor
Property is not Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Assessment Information

Has Assessments
Assessments: Unknown

Location / Neighborhood

Location Information

Directions: Accessible via 11th St & Elden Ave/Arapahoe St

Neighborhood Information

Community Features: Sidewalks

View more facts & features

Local Los Angeles Agent

Sale History for 1120 Magnolia Ave

Last sold for $1,150,000 on November 25th, 2019

November, 2019
Nov 26, 2019

Date

Sold

CRMLS: SB19161629

$1,150,000

Price
Oct 21, 2019

Date

Active Under Contract

CRMLS: SB19161629

$1,200,000

Price
Sep 7, 2019

Date

Price Change

CRMLS: SB19161629

$1,200,000

Price
Sep 7, 2019

Date

Active

CRMLS: SB19161629

$1,199,000

Price
Jul 29, 2019

Date

Withdrawn

CRMLS: SB19161629

$1,199,000

Price
Jul 9, 2019

Date

Active

CRMLS: SB19161629

$1,199,000

Price
November, 2019
Nov 25, 2019

Date

Sold (Public Records)

Public Records

$1,150,000

Price
September, 2018
Sep 25, 2018

Date

Expired

CRMLS: 18330034

$1,200,000

Price
Jun 28, 2018

Date

Active

CRMLS: 18330034

$1,200,000

Price
May 4, 2018

Date

Active Under Contract

CRMLS: 18330034

$1,200,000

Price
Apr 27, 2018

Date

Active

CRMLS: 18330034

$1,200,000

Price
Apr 25, 2018

Date

Expired

CRMLS: 18330034

$1,200,000

Price
Apr 6, 2018

Date

Active

CRMLS: 18330034

$1,200,000

Price
Listing provided courtesy of CRMLS

Made in the USA with character intact. This duplex is a rare offering due to it's many unadulterated qualities of the early 1900's. First time on the market for more than 60 years! Current owner has done their best of their ability to keep the integrity of original qualities of the home. Fully operationalMade in the USA with character intact. This duplex is a unique offering due to its many unadulterated qualities of the early 1900s. First time on the market for more than 60 years, the current owner has done their best to keep the integrity of original qualities of the home. Fully operational vintage Wedgewood stoves upstairs and downstairs to please any old-home connoisseurs. Many original wood features are intact and supplemented by matching custom wood work on the exterior. This property is currently being used as a three-residence complex. The lower-level residence includes two bedrooms, one bathroom, and a separate studio while the upper-level has three bedrooms and one-and-a-half

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October, 2005
Oct 21, 2005

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 1120 Magnolia Ave

Assessed Value (2020): $1,150,000

Year	Land Value	Improved Value	Assessed Value
2020	$850,000	$300,000	$1,150,000

Home Value Compared to the Market

This property vs the competition

1120 Magnolia Ave sold on November 25, 2019 for 7.14% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $309.44 per/sqft which puts the price per square foot 57.26% lower than the current median sale per square foot for the city of Los Angeles.

About 1120 Magnolia Ave

Detailed summary of property

1120 Magnolia Ave is a multi family that recently sold in Los Angeles, CA 90006. This multi family property offered 5 bedrooms, 4 bathrooms, roughly 3,878 living square feet, and sits on an approximately 7,001 square foot lot. 1120 Magnolia Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,150,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 7.14% higher than the current median priced home. Local homes that are currently for sale include 1109 S Ardmore Ave, 2756 W 15th St and 1678 Roosevelt Ave. While the average home in Los Angeles, CA is selling in 106 days, 1120 Magnolia Ave has a days on market of 41 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1120 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 1120 Magnolia Ave

Public county record property details

Beds: 6
Baths: 2
Year built: 1907
Sq. Ft.: 3,878
Lot Size: 7,001
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 73,74
APN: 5076-013-004

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.

$608

Median Sold Price

$760,000

Median Sold Price/Sq.Ft.

$597

Total Inventory

Median Sale to List Price %

87.46%

Avg Days on Market

Loan Type

Conventional (42.86%), FHA (0%), VA (0%), Cash (0%), Other (42.86%)

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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.