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2001 Magnolia Ave, Los Angeles, CA 90007
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2001 Magnolia Ave Los Angeles, CA 90007

$875,000
  • 3 Beds
  • 2 Baths
  • 1,458 Sq.Ft.
For Sale
$875,000 Get Pre-Qualified
Map preview of 2001 Magnolia Ave, Los Angeles, CA 90007

Property Overview: 2001 Magnolia Ave Los Angeles, CA has 3 bedrooms, 2 bathrooms, 1,458 living square feet and 5,964 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Welcome to this beautifully renovated California bungalow that offers an exceptional opportunity for both homeowners and investors alike. Conveniently located on a corner lot in a prime Los Angeles neighborhood, this home is just minutes from the 10 and 110 freeways, USC & USC Village, Exposition Park, and downtown Los Angeles. With easy access to popular areas and public transportation--located less than 700 feet from a main bus stop--this property offers an ideal blend of urban living and accessibility. The 1,458 square foot home sits on a spacious 5,964 square foot lot, providing endless possibilities for expansion. Zoned LARD1.5 with TOC Tier 3 status, the property allows for up to 7 units on the lot, making it perfect for adding up to 6 additional dwelling units (ADUs) to generate rental income or accommodate guests. Notably, this property is NOT subject to the City of Los Angeles' Rental Stabilization Ordinance (RSO), offering added flexibility for potential investors. The home itself has been tastefully upgraded with brand-new windows, hardwood floors, carpet, and tile throughout. Brand-new air condition units have been installed to ensure year-round comfort. Solar panels have also recently been installed to further decrease the owner's energy costs. The fully renovated kitchen is a chef's delight, featuring brand-new stainless steel appliances and elegant marble countertops. The current layout includes 3 bedrooms and 2 bathrooms, along with a spacious living room, dining room, foyer, and laundry/utility area with W/D hookups. Outdoor living is just as inviting with charming front and back porches perfect for relaxing or entertaining, and spacious front and back yards. The fenced-in front and back yards provide both security and tranquility, complete with designated gardening areas. The gated driveway offers ample parking for up to 4 cars, in addition to a covered parking area and storage unit. Whether you're looking to to make this your dream home or seeking a smart investment opportunity, 2001 Magnolia Ave is a must-see. Schedule a showing today to explore all that this exceptional property has to offer!

Listed by Zachary Tucker | BRE #02223521 | Coldwell Banker Realty
Last checked: 10 minutes ago | Last updated: September 6th, 2024 | Source CRMLS | DOM: 17

Home details

Lot Sq. Ft
5,964
HOA Dues
$0/mo
Year built
1903
Garage
--
Property Type:
Single Family Home
Status
Active
MLS#
24433441
City
Los Angeles
County
Los Angeles
Time on Site
17 days

Open Houses for 2001 Magnolia Ave

No upcoming open houses

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Property Details for 2001 Magnolia Ave

Interior Features
Heating Information
  • Has Heating
  • Natural Gas
Laundry Information
  • Has Laundry
  • See Remarks
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood, Carpet, Tile
  • Den, Walk-In Closet, Family Room, Formal Entry
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Refrigerator
Bathroom Information
  • # of Baths (Full): 2
  • # of Baths (1/2): 0
  • # of Baths (1/4): 0
  • # of Baths (3/4): 0
Interior Features
  • Ceiling Fan(s)
  • Levels: One
  • Security Features: Smoke Detector(s), Gated Community, Carbon Monoxide Detector(s), Fire and Smoke Detection System
Exterior Features
Exterior Information
  • Other Structures: Shed(s)
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Carport, Concrete, Gated, Covered
Property Information
  • Has View
  • View: City Lights
  • Common Walls: No Common Walls
  • Parcel Number: 5056029004
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South of W Washington Blvd & east of Vermont Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 2001 Magnolia Ave

Last sold for $325,003 on March 14th, 2011

  • August, 2024

  • Aug 29, 2024

    Date

    Active

    CRMLS: 24433441

    $875,000

    Price

  • March, 2011

  • Mar 14, 2011

    Date

    Sold (Public Records)

    Public Records

    $325,003

    Price

  • November, 2010

  • Nov 3, 2010

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2001 Magnolia Ave

Assessed Value (2020): $380,720
Year Land Value Improved Value Assessed Value
2020 $237,804 $142,916 $380,720

Home Value Compared to the Market

This property vs the competition

2001 Magnolia Ave is listed 27.08% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $766 and this home is listed at $600.14 per/sqft which puts the price per square foot 21.65% lower than the median price per square foot for the city of Los Angeles.

About 2001 Magnolia Ave

Detailed summary of property

2001 Magnolia Ave is a single family home located in Los Angeles, CA 90007 and is currently for sale. This house offers 3 bedrooms, 2 bathrooms, roughly 1,458 living square feet, and sits on an approximately 5,964 square foot lot. 2001 Magnolia Ave was first listed on ArdentRealEstateGroup.com on August 29, 2024. The homeowner is currently asking $875,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $766. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 27.08% lower than the median priced home. Local competing homes currently for sale include 2939 Leeward Ave #402, 900 W Olympic Blvd #29F and 908 S Ardmore Ave #502. While the average home in Los Angeles, CA is selling in 104 days, 2001 Magnolia Ave has a days on market of 17 days. There are currently 4084 homes for sale in the Los Angeles real estate market and 2797 of them are single family homes while 1162 of them are condos and 119 are townhomes. For more information on this home for sale at 2001 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 2001 Magnolia Ave

Public county record property details
Beds
3
Baths
2
Year built
1903
Sq. Ft.
1,458
Lot Size
5,963
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
5056-029-004

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
$1,495,000
Median List Price/Sq.Ft.
$616
Median Sold Price
$1,025,000
Median Sold Price/Sq.Ft.
$777
Total Inventory
17
Median Sale to List Price %
100%
Avg Days on Market
0
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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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