Open House 9/22 11am - 2pm
2001 Magnolia Avenue
Los Angeles, CA, 90007 $ 875,000
Bedrooms3 Baths2.0 Sq 1,458 Monthly Estimate*
$ 5,240
Listed by Coldwell Banker Realty
for $875,000 with 3 bedrooms and 2 full baths. This 1,458 square foot home was built in 1903 on a lot size of 0.1369.
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!
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Open House
9/22/2024 11:00 AM - 2:00 PM
2001 Magnolia Avenue Los Angeles, CA
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
FeaturesGeneralInterior Features CeilingFans WalkInClosets
Heating NaturalGas
Appliances Dishwasher Disposal Refrigerator
Zoning LARD1.5
Pool Features None
Security Features CarbonMonoxideDetectors FireDetectionSystem GatedCommunity SmokeDetectors
Year Built 1903
View CityLights
Stories 1
Levels One
Property SubType SingleFamilyResidence
Community Features Gated
County Los Angeles
New Construction N
Property Type Residential
Home Owner Assoc N
Attached Garage N
Garage Y/N N
Other Structures Sheds
Full Baths 2
Special Listing Conditions Standard
Status Active
Directions South of W Washington Blvd & east of Vermont Ave.
City Los Angeles
View Y/N Y
Senior Community Y/N N
MLS Area C16 - Mid Los Angeles
Lot Size Units SquareFeet
Lot Size Square Feet 5964.0
Private Pool N
Waterfront Y/N N
Carport Y/N Y
Spa Features None
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Property Condition UpdatedRemodeled
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 19
Standard Status Active
Property Sub Type Additional SingleFamilyResidence
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InteriorFlooring Carpet Tile Wood
Furnished Y/N Unfurnished
Fireplace Features None
Total Stories 1
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Laundry Features SeeRemarks
Total Bedrooms 3
Electric On Property Y/N N
Total Baths 2
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ExteriorParking Features Concrete Covered Carport Gated
Total Parking 2.0
Lot Size Area 5964.0
Spa N
Building Area Total 1458.0
Lot Dimensions 40x149
Lot Size Acres 0.1369
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList ByColdwell Banker RealtyBroker
Affordability Calculator
- Monthly Principal & Interest
- $5,240
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Los Angeles, CA
Average List Price $3,858,449
Percent of Sale Price 341%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/29/2024 | $875,000 | | Listed Price |