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2005 Magnolia Ave, Los Angeles, CA 90007
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2005 Magnolia Ave Los Angeles, CA 90007

$1,800,000
  • 14 Beds
  • 5 Baths
  • 4,620 Sq.Ft.
For Sale
$1,800,000 Get Pre-Qualified
Map preview of 2005 Magnolia Ave, Los Angeles, CA 90007

Property Overview: 2005 Magnolia Ave Los Angeles, CA has 14 bedrooms, 5 bathrooms, 4,620 living square feet and 5,965 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: Situated at 2005 Magnolia Avenue, Los Angeles, CA 90007, this charming property presents a unique investment opportunity. Comprising two units across 4,620 square feet, this two-level residence boasts a rich history dating back to its construction in 1903. Recently listed with an enticing price per square foot of $389.61, this property offers excellent value. Nestled on a 5,965 square foot lot in the Standard SLC area, it promises both space and potential. With a total operating expense of $13,260 and a net operating income of $154,740, this property showcases strong financial viability. Whether you're considering it for investment purposes or envisioning it as a distinctive home, 2005 Magnolia Avenue encapsulates the allure of historic charm and modern opportunity in the heart of Los Angeles.

Listed by Noe Blanco | BRE #01787137 | RE/MAX Alliance Group
Co-listed by Leticia Alvarez | BRE #02032216 | RE/MAX Alliance Group
Last checked: 13 minutes ago | Last updated: May 15th, 2024 | Source CRMLS | DOM: 24
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Home details

Lot Sq. Ft
5,965
HOA Dues
$0/mo
Year built
1903
Garage
--
Property Type:
Duplex
Status
Active
MLS#
IN24081431
City
Los Angeles
County
Los Angeles
Time on Site
24 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Leased Units: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 7
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $7,000
  • Total Rent: $7,000
  • Pro Forma/Market Rent: $8,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 7
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $7,000
  • Total Rent: $7,000
  • Pro Forma/Market Rent: $8,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.8%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $168,000
  • Net Operating Income: $154,740
  • Gross Operating Income: $168,000
Annual Expense Breakdown
  • Total Operating Expense: $13,260
  • Electric: $6,000
  • Gas/Fuel: $0
  • Trash: $480
  • Gardener: $580
  • Insurance: $2,000
  • Water/Sewer: $4,200

Open Houses for 2005 Magnolia Ave

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Property Details for 2005 Magnolia Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Back Yard, Front Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 5056029005
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: West of Hoover North of the 10-Fwy
Neighborhood Information
  • Community Features: Biking, Curbs, Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 2005 Magnolia Ave

Last sold for $1,087,000 on February 11th, 2022

  • April, 2024

  • Apr 23, 2024

    Date

    Active

    CRMLS: IN24081431

    $1,800,000

    Price

  • December, 2021

  • Dec 27, 2021

    Date

    Pending

    CRMLS: DW21076832

    $1,099,000

    Price

  • May 22, 2021

    Date

    Price Change

    CRMLS: DW21076832

    $1,099,000

    Price

  • Apr 19, 2021

    Date

    Active

    CRMLS: DW21076832

    $1,149,900

    Price

  • Apr 13, 2021

    Date

    Coming Soon

    CRMLS: DW21076832

    $1,149,900

    Price

  • Listing provided courtesy of CRMLS

    BIG PRICE REDUCTION!! Great income property with lots of potential. Located in the West Adams neighborhood, near USC, Staples Center and Downtown LA. Has great visibility, located near many amenities and businesses. Easy access to 110, 10 and 5 fwys. Property has fruit trees and solar panel system.

  • April, 2021

  • Apr 12, 2021

    Date

    Canceled

    CRMLS: DW20238192

    $1,150,000

    Price

  • Nov 12, 2020

    Date

    Active

    CRMLS: DW20238192

    $1,150,000

    Price

  • Listing provided courtesy of CRMLS

    Stop renting you must see this great opportunity!! This is a duplex plus a guess house, live in one unit and rent the others, this property is located in the historic West Adams area. Unit 1 Has 4 Bedrooms and 1 Bathroom. Unit 2 has 6 bedrooms and 3 bathrooms. This duplex is near to Downtown Los Angeles, Staples Center, the famous USC University, and has easy access to the transportation and Freeways 10 and 110. Besides the nice location where the property is located at, it also has many fruits trees, avocados, apples and citric, for those who like to enjoy fresh fruits. There other amenities that you must appreciate, such Solar Panel System that help to conserve energy.

  • November, 2020

  • Nov 1, 2020

    Date

    Expired

    CRMLS: 20554684

    $1,500,000

    Price

  • Feb 16, 2020

    Date

    Active

    CRMLS: 20554684

    $1,500,000

    Price

  • Listing provided courtesy of CRMLS

    Excellent opportunity in Historic West Adams. Large side-by-side duplex with an additional guest house. Unit 1 has 4 bedrooms and 1 bathroom. Unit 2 has 6 bedrooms and 3 bathrooms and a spacious 2 bedroom, 1 bathroom loft. There is a large driveway for up to six cars. Solar panel system offers huge energy savings. Located less than a mile from downtown LA and USC. Conveniently located near Staples Center, the LA Memorial Coliseum, and LAFC Stadium. Shopping centers and restaurants close by. Easy access to the 10 and 110 freeways. Don't miss out on this rare find.

  • February, 2007

  • Feb 6, 2007

    Date

    Sold (Public Records)

    Public Records

    $870,000

    Price

  • October, 2002

  • Oct 10, 2002

    Date

    Sold (Public Records)

    Public Records

    $297,000

    Price

Show More

Tax History for 2005 Magnolia Ave

Assessed Value (2020): $1,065,798
Year Land Value Improved Value Assessed Value
2020 $673,783 $392,015 $1,065,798

Home Value Compared to the Market

This property vs the competition

2005 Magnolia Ave is listed 44.12% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $389.61 per/sqft which puts the price per square foot 49.66% lower than the median price per square foot for the city of Los Angeles.

About 2005 Magnolia Ave

Detailed summary of property

2005 Magnolia Ave is a duplex located in Los Angeles, CA 90007 and is currently for sale. This duplex offers 14 bedrooms, 5 bathrooms, roughly 4,620 living square feet, and sits on an approximately 5,965 square foot lot. 2005 Magnolia Ave was first listed on ArdentRealEstateGroup.com on April 24, 2024. The homeowner is currently asking $1,800,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 44.12% higher than the median priced home. Local competing homes currently for sale include 2723 S Budlong Ave, 1100 Magnolia Ave and 1840 11th Pl. While the average home in Los Angeles, CA is selling in 94 days, 2005 Magnolia Ave has a days on market of 24 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 2005 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 2005 Magnolia Ave

Public county record property details
Beds
8
Baths
4
Year built
1903
Sq. Ft.
4,620
Lot Size
5,963
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
2
APN
5056-029-005

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%)

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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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