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1438 Magnolia Ave Los Angeles, CA 90006

$980,000 Sold Price as of 01/09/2020

4 Beds
4 Baths
-- Sq.Ft.

Sold

$980,000 Sold Price as of 01/09/2020 Refinance Your Mortgage

Map preview of 1438 Magnolia Ave, Los Angeles, CA 90006

Property Overview: 1438 Magnolia Ave Los Angeles, CA has 4 bedrooms, 4 bathrooms, -- living square feet and -- square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Excellent opportunity for investor or owner. This beautiful property is comprised of 4 large 1 Bedroom + Den+1 Bathroom units that are approximately 1,050 SF each. Profile shows all units with 1 Bedroom+ 1 bathroom, but actually 1 Bedroom + Den+ 1 Bathroom. All units have a den that can be used 2nd bedroom and each unit has their own washer & Dryer hookups. Building size is approx. 4,200 SF and Lot size is approx. 6,085 SF with 8 parking spaces in rear. Recently renovated the staircase in the backyard. A true value is much below market. All tenant are long term stable tenants with month to month. Situated minutes from 10 Fwy and metro line. Units are individually metered for gas and electric and each has own water heater. No showings without an accepted offer. Drive by only!! Please do not disturb tenants!!

Listed by MiKyung Choi | BRE #01087146 | New Star Realty

Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 66

Home details

Lot Sq. Ft: --
HOA Dues: $0/mo
Year built: 1912
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 19508942
City: Los Angeles
County: Los Angeles
Time on Site: 1345 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,404
Total Rent: $1,404
Pro Forma/Market Rent: $1,700

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $898
Total Rent: $898
Pro Forma/Market Rent: $1,700

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,377
Total Rent: $1,377
Pro Forma/Market Rent: $1,700

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,460
Total Rent: $1,460
Pro Forma/Market Rent: $1,700

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 16.03
Gross Scheduled Income: --
Net Operating Income: $46,143
Gross Operating Income: $61,668

Annual Expense Breakdown

Total Operating Expense: --
Insurance: $2,400
Water/Sewer: $3,000

Property Details for 1438 Magnolia Ave

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Uncovered

Lot Information

Lot Size Source: Assessor

Property Information

Total # of Units: 4
Parcel Number: 5056007016

Location / Neighborhood

Location Information

Directions: S of Pico Blvd. and E. of Vermont Ave.

View more facts & features

Local Los Angeles Agent

Sale History for 1438 Magnolia Ave

Last sold for $980,000 on January 9th, 2020

January, 2020
Jan 10, 2020

Date

Sold

CRMLS: 19508942

$980,000

Price
Nov 26, 2019

Date

Pending

CRMLS: 19508942

$989,000

Price
Sep 19, 2019

Date

Active

CRMLS: 19508942

$989,000

Price
December, 2019
Dec 30, 2019

Date

Sold (Public Records)

Public Records

$980,000

Price
April, 2008
Apr 21, 2008

Date

Sold (Public Records)

Public Records

$560,000

Price

Tax History for 1438 Magnolia Ave

Assessed Value (2020): $980,000

Year	Land Value	Improved Value	Assessed Value
2020	$700,000	$280,000	$980,000

Home Value Compared to the Market

This property vs the competition

1438 Magnolia Ave sold on January 9, 2020 for 11.7% lower than the current median sold price for the city of Los Angeles which is $1,120,000.

About 1438 Magnolia Ave

Detailed summary of property

1438 Magnolia Ave is a multi family that recently sold in Los Angeles, CA 90006. This multi family property offered 4 bedrooms, 4 bathrooms, roughly -- living square feet, and sits on an approximately -- square foot lot. 1438 Magnolia Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $980,000. 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 11.7% lower than the current median priced home. Local homes that are currently for sale include 2756 W 15th St, 1689 W 24th St and 1662 S Harvard Blvd. While the average home in Los Angeles, CA is selling in 106 days, 1438 Magnolia Ave has a days on market of 66 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 1438 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 1438 Magnolia Ave

Public county record property details

Beds: 4
Baths: 4
Year built: 1912
Sq. Ft.: 4,200
Lot Size: 6,085
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 14
APN: 5056-007-016

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.