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1201 Magnolia Ave, Los Angeles, CA 90006
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1201 Magnolia Ave Los Angeles, CA 90006

$4,585,300 Sold Price as of 09/03/2020
  • 35 Beds
  • 21 Baths
  • -- Sq.Ft.
Sold
$4,585,300 Sold Price as of 09/03/2020 Refinance Your Mortgage
Map preview of 1201 Magnolia Ave, Los Angeles, CA 90006

Property Overview: 1201 Magnolia Ave Los Angeles, CA has 35 bedrooms, 21 bathrooms, -- living square feet and 12,558 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to exclusively present this three-story garden-style walk-up apartment building, located in the City of Los Angeles. The Pico/Union submarket is on the rise and offers easy access to Koreatown and DTLA.Originally built in 1971, this complex features both front and rear staircases connected by mostly exterior walkways. There is no elevator. The semi subterranean parking garage is gated with remote access. There are 21 single spaces. The building has gated entry with an intercom system. The laundry room has 2 washers and 2 dryers leased from Wash. The building has a built-up composition roof. There is a boiler and hot water heater located in a room next to the building's storage room on the roof.The units are master metered for gas and separately metered for electric. Gas wall heaters, galley kitchens with dual sinks, gas stovetop / ovens and laminate plank flooring. Clean, but mostly original. Value-add opportunity.

Listed by David Kaufman | BRE #01217537 | David Ballin Kaufman
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 101

Home details

Lot Sq. Ft
12,558
HOA Dues
$0/mo
Year built
1970
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20556394
City
Los Angeles
County
Los Angeles
Time on Site
1345 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 21
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 7
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,189
  • Total Rent: $8,322
  • Pro Forma/Market Rent: $11,900
Unit Breakdown 2
  • # of Units: 14
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,498
  • Total Rent: $20,974
  • Pro Forma/Market Rent: $28,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.17
  • Gross Scheduled Income: --
  • Net Operating Income: $180,189
  • Gross Operating Income: $344,237
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1201 Magnolia Ave

Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 21
  • Parcel Number: 5076017023
Location / Neighborhood
Location Information
  • Directions: Starting at W. Pico Blvd and S Hoover St: Travel west on W. Pico Blvd, make a right on Magnolia Ave, the property will be on the left side of the street, on the Southwest corner of Magnolia Ave and 12th St.
View more facts & features

Local Los Angeles Agent

Sale History for 1201 Magnolia Ave

Last sold for $4,585,300 on September 3rd, 2020

  • September, 2020

  • Sep 8, 2020

    Date

    Sold

    CRMLS: 20556394

    $4,585,300

    Price

  • May 20, 2020

    Date

    Pending

    CRMLS: 20556394

    $4,650,000

    Price

  • Feb 21, 2020

    Date

    Active

    CRMLS: 20556394

    $4,650,000

    Price

  • September, 2020

  • Sep 2, 2020

    Date

    Sold (Public Records)

    Public Records

    $4,585,500

    Price

Show More

Tax History for 1201 Magnolia Ave

Assessed Value (2020): $557,004
Year Land Value Improved Value Assessed Value
2020 $55,125 $501,879 $557,004

Home Value Compared to the Market

This property vs the competition

1201 Magnolia Ave sold on September 3, 2020 for 315.18% higher than the current median sold price for the city of Los Angeles which is $1,120,000.

About 1201 Magnolia Ave

Detailed summary of property

1201 Magnolia Ave is a multi family that recently sold in Los Angeles, CA 90006. This multi family property offered 35 bedrooms, 21 bathrooms, roughly -- living square feet, and sits on an approximately 12,558 square foot lot. 1201 Magnolia Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $4,585,300. 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 315.18% higher than the current median priced home. Local homes that are currently for sale include 1205 W 37th Dr, 1929 Arlington Ave and 161 S St Andrews Pl. While the average home in Los Angeles, CA is selling in 106 days, 1201 Magnolia Ave has a days on market of 101 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 1201 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 1201 Magnolia Ave

Public county record property details
Beds
--
Baths
--
Year built
1970
Sq. Ft.
15,879
Lot Size
12,558
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
57,58
APN
5076-017-023

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
33
Median Sale to List Price %
87.46%
Avg Days on Market
75
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.

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