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1330 Magnolia Ave, Los Angeles, CA 90006
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1330 Magnolia Ave Los Angeles, CA 90006

$950,000 Sold Price as of 05/28/2021
  • 7 Beds
  • 4 Baths
  • 2,728 Sq.Ft.
Sold
$950,000 Sold Price as of 05/28/2021 Refinance Your Mortgage
Map preview of 1330 Magnolia Ave, Los Angeles, CA 90006

Property Overview: 1330 Magnolia Ave Los Angeles, CA has 7 bedrooms, 4 bathrooms, 2,728 living square feet and 6,100 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to 1330 Magnolia Avenue which is located in the Pico Union area of Los Angeles. Here's your unique opportunity to own a piece of Los Angeles. Aside from being located in a prime location of LA due to its proximity to DTLA & all that this economic powerhouse has to offer, you're steps away from public transport incl the Metro Red & Purple Lines, as well as the app 186 restaurants, bars & coffee shops located in the historical Pico Union enclave. 1330 Magnolia is considered to have a WalkScore® of 91 out of 100 ("Walker’s Paradise.") Who needs a car living here? This beautiful California craftsman & detached unit is physically 4 units. The front bldg is a triplex w/a 3 bedroom/1 bath unit alongside a studio on the first floor as well as a 2 bedroom + bonus room on the 2nd story w/1 bathroom. The rear detached unit has 2 bedrooms/1 bath. The upstairs 2 bedroom/1 bath unit will be delivered vacant. Perfect opportunity for you to pick your own tenant or live in this vacant unit & continue renting the others. If you are tired of looking at tract homes with 0 character, here's your opportunity to own an asset with tons of charm...a gable roof, front porch, overhanging eaves, plenty of built-ins......Possible Development opportunity. May potentially be in a TOC zone. Per planning dept, condos can be built on this lot. Buyers are to verify entire condition & all info on this property on their own & satisfy themselves as to all aspects. Info deemed reliable but not guaranteed.

Listed by Jennifer Avellan | BRE #01468000 | Keller Williams SELA
Last checked: 4 minutes ago | Last updated: August 1st, 2023 | Source CRMLS | DOM: 222

Home details

Lot Sq. Ft
6,100
HOA Dues
$0/mo
Year built
1947
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
DW20158711
City
Los Angeles
County
Los Angeles
Time on Site
1498 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 0
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $520
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,250
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $800
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,050
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,050
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 0%
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: $0
  • Vacancy Allowance: $0
  • Gross Spendable Income: $0
  • # of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
  • Laundry Income: $0
  • Other Income 1: $0
  • Other Income 2: $0
  • Other Income Description: 0
  • Personal Property: $0
  • Improvements Total: $0
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • Licenses: $0
  • New Taxes: $0
  • Furniture Replacement: $0
  • Trash: $0
  • Cable TV: $0
  • Gardener: $0
  • Insurance: $0
  • Maintenance: $0
  • Workman's Comp: $0
  • Professional Management: $0
  • Water/Sewer: $0
  • Other Expenses: $0
  • Other Expense Description: 0

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 1330 Magnolia Ave

Interior Features
Cooling Information
  • Has Cooling
  • See Remarks
Laundry Information
  • Has Laundry
  • See Remarks
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Has Fence
  • Chain Link, Wood
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Front Yard, Rectangular Lot, Near Public Transit
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights, Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 5056007008
  • Year Built Source: Public Records
  • Architectural Style: Craftsman
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Unknown
  • Water Source: Other
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: From Pico Blvd, go south on Magnolia. If coming from Venice Blvd, go North on Magnolia
Neighborhood Information
  • Community Features: Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 1330 Magnolia Ave

Last sold for $950,000 on May 28th, 2021

  • August, 2023

  • Aug 1, 2023

    Date

    Expired

    CRMLS: WS23018478

    $990,000

    Price

  • Feb 3, 2023

    Date

    Active

    CRMLS: WS23018478

    $1,080,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to 1330 Magnolia Avenue which is located in the Pico Union area of Los Angeles.Over 6000sf land with RD1.5 zoning. It is good enough for building 4 units by right with potential ADU. Here's your unique opportunity to own a piece of Los Angeles. Aside from being located in a prime location of LA due to its proximity to DTLA & all that this economic powerhouse has to offer, you're steps away from public transport incl the Metro Red & Purple Lines, as well as the app 186 restaurants, bars & coffee shops located in the historical Pico Union enclave. 1330 Magnolia is considered to have a WalkScore of 91 out of 100 . Who needs a car living here? This beautiful California craftsman & detached unit is physically 4 units. The front bldg is a triplex w/a 3 bedroom/1 bath unit alongside a studio on the first floor as well as a 2 bedroom + bonus room on the 2nd story w/1 bathroom. The rear detached unit has 2 bedrooms/1 bath. The upstairs 2 bedroom/1 bath unit, and rear unit will be delivered vacant. Perfect opportunity for you to pick your own tenant or live in this vacant unit & continue renting the others. If you are tired of looking at tract homes with 0 character, here's your opportunity to own an asset with tons of charm...a gable roof, front porch, overhanging eaves, plenty of built-ins......Possible Development opportunity. May potentially be in a TOC zone. Per planning dept, condos can be built on this lot. Buyers are to verify entire condition & all info on this property on their own & satisfy themselves as to all aspects. Info deemed reliable but not guaranteed.

  • March, 2022

  • Mar 4, 2022

    Date

    Active

    CRMLS: WS22007733

    $1,150,000

    Price

  • Feb 19, 2022

    Date

    Withdrawn

    CRMLS: WS22007733

    $1,150,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to 1330 Magnolia Avenue which is located in the Pico Union area of Los Angeles. Here's your unique opportunity to own a piece of Los Angeles. Aside from being located in a prime location of LA due to its proximity to DTLA & all that this economic powerhouse has to offer, you're steps away from public transport incl the Metro Red & Purple Lines, as well as the app 186 restaurants, bars & coffee shops located in the historical Pico Union enclave. 1330 Magnolia is considered to have a WalkScore® of 91 out of 100 . Who needs a car living here? This beautiful California craftsman & detached unit is physically 4 units. The front bldg is a triplex w/a 3 bedroom/1 bath unit alongside a studio on the first floor as well as a 2 bedroom + bonus room on the 2nd story w/1 bathroom. The rear detached unit has 2 bedrooms/1 bath. The upstairs 2 bedroom/1 bath unit will be delivered vacant. Perfect opportunity for you to pick your own tenant or live in this vacant unit & continue renting the others. If you are tired of looking at tract homes with 0 character, here's your opportunity to own an asset with tons of charm...a gable roof, front porch, overhanging eaves, plenty of built-ins......Possible Development opportunity. May potentially be in a TOC zone. Per planning dept, condos can be built on this lot. Buyers are to verify entire condition & all info on this property on their own & satisfy themselves as to all aspects. Info deemed reliable but not guaranteed.

  • June, 2021

  • Jun 3, 2021

    Date

    Sold

    CRMLS: DW20158711

    $950,000

    Price

  • Jun 3, 2021

    Date

    Price Change

    CRMLS: DW20158711

    $980,800

    Price

  • Jun 3, 2021

    Date

    Price Change

    CRMLS: DW20158711

    $995,800

    Price

  • Apr 15, 2021

    Date

    Active Under Contract

    CRMLS: DW20158711

    $980,800

    Price

  • Mar 23, 2021

    Date

    Hold

    CRMLS: DW20158711

    $980,800

    Price

  • Nov 2, 2020

    Date

    Price Change

    CRMLS: DW20158711

    $980,800

    Price

  • Aug 13, 2020

    Date

    Active

    CRMLS: DW20158711

    $995,800

    Price

  • April, 2013

  • Apr 30, 2013

    Date

    Sold (Public Records)

    Public Records

    $238,000

    Price

Show More

Tax History for 1330 Magnolia Ave

Assessed Value (2020): $267,978
Year Land Value Improved Value Assessed Value
2020 $225,195 $42,783 $267,978

Home Value Compared to the Market

This property vs the competition

1330 Magnolia Ave sold on May 28, 2021 for 12.43% lower 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 $359.53 per/sqft which puts the price per square foot 50.34% lower than the current median sale per square foot for the city of Los Angeles.

About 1330 Magnolia Ave

Detailed summary of property

1330 Magnolia Ave is a fourplex that recently sold in Los Angeles, CA 90006. This fourplex offered 7 bedrooms, 4 bathrooms, roughly 2,728 living square feet, and sits on an approximately 6,100 square foot lot. 1330 Magnolia Ave was first listed on ArdentRealEstateGroup.com on August 13, 2020. The homeowner sold the property for $950,000. 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 12.43% lower than the current median priced home. Local homes that are currently for sale include 1662 S Harvard Blvd, 1689 W 24th St and 2721 Raymond Ave. While the average home in Los Angeles, CA is selling in 106 days, 1330 Magnolia Ave has a days on market of 222 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 1330 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 1330 Magnolia Ave

Public county record property details
Beds
6
Baths
5
Year built
1947
Sq. Ft.
2,728
Lot Size
6,100
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
5056-007-008

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%)

Thinking of Selling?

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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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