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1933 Magnolia Ave, Los Angeles, CA 90007
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1933 Magnolia Ave Los Angeles, CA 90007

$1,145,000 Sold Price as of 09/01/2023
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
Sold
$1,145,000 Sold Price as of 09/01/2023 Refinance Your Mortgage
Map preview of 1933 Magnolia Ave, Los Angeles, CA 90007

Property Overview: 1933 Magnolia Ave Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 8,529 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Presenting an 8,530 SF redevelopment opportunity at 1933 Magnolia Ave that is currently zoned RD 1.5 in a Tier 2 TOC; the property is located 300 ft south of W Washington Blvd adjacent to Downtown Los Angeles and situated just off the I-10 and I-110. The subject property is a lot with an 828 SFR and a detached 2 car garage with no tenant relocation required, and the ability to build 5 units by right and up to 10 units by employing TOC benefits. At the asking price, the property is offered at a low price per SF of $129. The subject property has a central location within high growth neighborhoods, an easy commute to DTLA, Los Angeles Convention Center, University of Southern California, Crypto.com Arena, L.A. Live, Banc of California Stadium, and walking distance to numerous Metro rail and bus line stops. SB-8 Clearance: The sellers used to occupy the property, but also rented and professionally managed it within the last 4 years. The former tenants had strong sources of income and were paying market rents. There have been no-evictions at this property. All the previous tenants have left due to voluntary reasons, and the management company possesses formal records of rental history.

Listed by Alex Colombo | BRE #01927702 | Lyon Stahl Investment Real Est
Last checked: 16 minutes ago | Last updated: September 3rd, 2023 | Source CRMLS | DOM: 10

Home details

Lot Sq. Ft
8,529
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Sold
MLS#
PW23063683
City
Los Angeles
County
Los Angeles
Time on Site
345 days

Property Details for 1933 Magnolia Ave

Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre, Level with Street, Level, Near Public Transit, Walkstreet
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Parcel Number: 5056026006
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: W Washington Blvd & S Hoover St
Neighborhood Information
  • Community Features: Sidewalks, Storm Drains, Street Lights, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 1933 Magnolia Ave

Last sold for $1,145,000 on September 1st, 2023

  • September, 2023

  • Sep 1, 2023

    Date

    Sold

    CRMLS: PW23063683

    $1,145,000

    Price

  • Apr 17, 2023

    Date

    Active

    CRMLS: PW23063683

    $1,100,000

    Price

  • July, 2006

  • Jul 18, 2006

    Date

    Sold (Public Records)

    Public Records

    $412,000

    Price

Show More

Tax History for 1933 Magnolia Ave

Assessed Value (2020): $504,715
Year Land Value Improved Value Assessed Value
2020 $403,777 $100,938 $504,715

Home Value Compared to the Market

This property vs the competition

1933 Magnolia Ave sold on September 1, 2023 for 7.56% lower than the current median sold price for the city of Los Angeles which is $1,190,000.

About 1933 Magnolia Ave

Detailed summary of property

1933 Magnolia Ave is a land that recently sold in Los Angeles, CA 90007. This land offered -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 8,529 square foot lot. 1933 Magnolia Ave was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $1,145,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 7.56% lower than the current median priced home. Local homes that are currently for sale include 659 S Soto St, 213 S Soto St and 2521 Nottingham Ave. While the average home in Los Angeles, CA is selling in 94 days, 1933 Magnolia Ave has a days on market of 10 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 1933 Magnolia Ave Los Angeles, CA 90007 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1933 Magnolia Ave

Public county record property details
Beds
2
Baths
1
Year built
1948
Sq. Ft.
828
Lot Size
8,529
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
6-10
APN
5056-026-006

The source for these homes facts are from public records.

90007 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,199,999
Median List Price/Sq.Ft.
$616
Median Sold Price
$710,000
Median Sold Price/Sq.Ft.
$645
Total Inventory
13
Median Sale to List Price %
94.79%
Avg Days on Market
63
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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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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