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1716 Magnolia Ave, Los Angeles, CA 90006
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1716 Magnolia Ave Los Angeles, CA 90006

$800,000 Sold Price as of 09/11/2020
  • 4 Beds
  • 4 Baths
  • 2,492 Sq.Ft.
Sold
$800,000 Sold Price as of 09/11/2020 Refinance Your Mortgage
Map preview of 1716 Magnolia Ave, Los Angeles, CA 90006

Property Overview: 1716 Magnolia Ave Los Angeles, CA has 4 bedrooms, 4 bathrooms, 2,492 living square feet and 4,819 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to this beautiful Spanish style four unit building in Los Angeles near Pico Union. All units are individually metered for gas and electric. Four car garage at rear and ample street parking at front. Each unit has 1br 1bth and laundry. Great location near everything. Drive by only, Please do not disturb tenants. Make offers subject to interior inspection.

Listed by JURY GARCIA | BRE #02030831 | KELLER WILLIAMS COVINA
Co-listed by RUBEN MARRON | BRE #01135250 | KELLER WILLIAMS COVINA
Last checked: 8 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 181

Home details

Lot Sq. Ft
4,819
HOA Dues
$0/mo
Year built
1930
Garage
4 Car
Property Type:
Fourplex
Status
Sold
MLS#
CV20014397
City
Los Angeles
County
Los Angeles
Time on Site
1270 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $954
  • Total Rent: $954
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $639
  • Total Rent: $639
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $724
  • Total Rent: $724
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,236
  • Total Rent: $1,236
  • Pro Forma/Market Rent: $1,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $42,660
  • Net Operating Income: $18,976
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $23,638
  • Licenses: $328
  • New Taxes: $11,250
  • Trash: $3,600
  • Insurance: $3,200
  • Maintenance: $960
  • Water/Sewer: $4,300

Property Details for 1716 Magnolia Ave

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Near Public Transit, Park Nearby
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 5056013012
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Google maps
Neighborhood Information
  • Community Features: Sidewalks, Street Lights, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 1716 Magnolia Ave

Last sold for $800,000 on September 11th, 2020

  • September, 2020

  • Sep 12, 2020

    Date

    Sold

    CRMLS: CV20014397

    $800,000

    Price

  • Sep 11, 2020

    Date

    Pending

    CRMLS: CV20014397

    $899,800

    Price

  • Aug 3, 2020

    Date

    Active Under Contract

    CRMLS: CV20014397

    $899,800

    Price

  • Jun 23, 2020

    Date

    Active

    CRMLS: CV20014397

    $899,800

    Price

  • Jun 16, 2020

    Date

    Hold

    CRMLS: CV20014397

    $899,800

    Price

  • Apr 7, 2020

    Date

    Active

    CRMLS: CV20014397

    $899,800

    Price

  • Apr 6, 2020

    Date

    Hold

    CRMLS: CV20014397

    $899,800

    Price

  • Mar 13, 2020

    Date

    Active Under Contract

    CRMLS: CV20014397

    $899,800

    Price

  • Jan 21, 2020

    Date

    Active

    CRMLS: CV20014397

    $899,800

    Price

  • September, 2020

  • Sep 11, 2020

    Date

    Sold (Public Records)

    Public Records

    $800,000

    Price

  • July, 1999

  • Jul 26, 1999

    Date

    Sold (Public Records)

    Public Records

    $190,000

    Price

Show More

Tax History for 1716 Magnolia Ave

Assessed Value (2020): $267,002
Year Land Value Improved Value Assessed Value
2020 $168,635 $98,367 $267,002

Home Value Compared to the Market

This property vs the competition

1716 Magnolia Ave sold on September 11, 2020 for 29.37% lower than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $361.08 per/sqft which puts the price per square foot 54.35% lower than the current median sale per square foot for the city of Los Angeles.

About 1716 Magnolia Ave

Detailed summary of property

1716 Magnolia Ave is a fourplex that recently sold in Los Angeles, CA 90006. This fourplex offered 4 bedrooms, 4 bathrooms, roughly 2,492 living square feet, and sits on an approximately 4,819 square foot lot. 1716 Magnolia Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $800,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 29.37% lower than the current median priced home. Local homes that are currently for sale include 2733 Council St, 1351 W 39th St and 1286 W 39th Pl. While the average home in Los Angeles, CA is selling in 100 days, 1716 Magnolia Ave has a days on market of 181 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 1716 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 1716 Magnolia Ave

Public county record property details
Beds
4
Baths
4
Year built
1930
Sq. Ft.
2,492
Lot Size
4,819
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
6,7
APN
5056-013-012

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.
$597
Median Sold Price
$299,000
Median Sold Price/Sq.Ft.
$650
Total Inventory
40
Median Sale to List Price %
100%
Avg Days on Market
13
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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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