2005 Magnolia Avenue

Los Angeles, CA 90007

$1,800,000
Price
14
Beds
5
Baths
4,620 Sq. Ft.
$390 / Sq. Ft.
4,620
Sq. Ft.
$390
per Sq. Ft.

Description

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...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.
  1. Listed by Noe Blanco • DRE #01787137 • Brokerage DRE #01788875 • RE/MAX Alliance Group • 310-508-7155
  2. Listed by Leticia Alvarez • DRE #02032216 • Brokerage DRE #01788875 • RE/MAX Alliance Group

Property Details for 2005 Magnolia Avenue

Parking Spaces Total
0
Private Pool
No
Cooling Type
N/K
Total Units
2.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4620
Assessor Parcel Number
5056-029-005

Location

Listing Courtesy of RE/MAX Alliance Group, Noe Blanco, DRE #01787137; RE/MAX Alliance Group, Leticia Alvarez, DRE #02032216
Add your commute
LISTING UPDATED: 04/24/2024 11:37 PM

Property Details for 2005 Magnolia Avenue

StatusActive
MLS #IN24081431
Days on Market13
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1903
Lot Size0.14 AC / 5,965 SF
CountyLos Angeles County

Location

Listing Courtesy of RE/MAX Alliance Group, Noe Blanco, DRE #01787137; RE/MAX Alliance Group, Leticia Alvarez, DRE #02032216
Add your commute

Building Information for 2005 Magnolia Avenue

Stories2Residences-Year Built1903Building Size-Lot Size0.14 AC / 5,965 SF

Payment Calculator

$10,976 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,823

Property Taxes

$1,153

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2005 Magnolia Avenue

Rental Info
Rental Info
  • Tenant Pays: None
Income / Expense / Tax Details
Income Details
  • Gross Income: $168,000
  • Gross Scheduled Income: $168,000
  • Gross Operating Income: $168,000
  • Net Operating Income: $154,740
  • Cap Rate: 6.8
Expense Details
  • Operating Expense: $13,260
  • Gardener Expense: $580
  • Fuel Expense: $0
  • Electric Expense: $6,000
  • Insurance Expense: $2,000
  • Trash Expense: $480
  • Water Sewer Expense: $4,200
  • Total Expenses: $13,260
Tax / Assessment Info
  • Tax Tract Number: 221...
  • Tax Census Tract: 2216.02
  • CFD/Mello-Roos Fee: $563
  • Tax Lot: 2
Community / Development
Community / Development
  • Community Features: Biking, Curbs, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Back Yard, Front Yard
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 7
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $7,000
  • Unit Type Total Rent: $7,000
  • Unit Type Pro Forma: 8000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 7
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $7,000
  • Unit Type Total Rent: $7,000
  • Unit Type Pro Forma: 8000
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number With Range: 1

Property History for 2005 Magnolia Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2005 Magnolia Avenue

Taxable ValueLand$663,000Additions$443,700Total$1,106,700
Tax Record2023$13,836 ($1,153 / month)
Home Facts
Total Finished SqFt4,620 SqFtAbove Grade Finished SqFt4,620 SqFtStories2Lot Size5,963 SqFtStyleDuplexYear Built1903ZoningLAR4CountyLOS ANGELESAPN5056-029-005

Schools near 2005 Magnolia Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 8
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 12
Rating
School
Distance
Camino Nuevo Elementary No. 3
CharterK to 8

John Adams Middle School
Public6 to 8

West Adams Preparatory High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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2005 Magnolia Avenue is a multi-family home for sale in Los Angeles, CA 90007. This property was listed for sale on April 19, 2024 by RE/MAX Alliance Group, it's currently listed at $1,800,000. It has been on the market for a total of 13 days and was last sold on March 1, 2023. This listing's school district is Los Angeles Unified School District. Nearby schools include Camino Nuevo Elementary No. 3, John Adams Middle School and West Adams Preparatory High School. 2005 Magnolia Avenue is a 14-bed, 5-bath, 4,620 sqft multi-family home built in 1903.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Alliance Group, Noe Blanco, DRE #01787137; RE/MAX Alliance Group, Leticia Alvarez, DRE #02032216

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.