Los Angeles, CA 90007,2005 Magnolia Avenue
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Los Angeles, CA 90007,2005 Magnolia Avenue
Los Angeles, CA 90007,2005 Magnolia Avenue
Los Angeles, CA 90007,2005 Magnolia Avenue
Los Angeles, CA 90007,2005 Magnolia Avenue
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$ 1,690,000
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Price Dropped by $110K

2005 Magnolia Avenue Los Angeles, CA 90007

14 Beds

5 Baths

5,965 Sqft Lot


UPDATED:

12/18/2024 07:21 AM

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID IN24081431

Bedrooms 14

HOA Y/N No

Lot Size 5,965 Sqft

Property 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 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.
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.

Location

State CA

County Los Angeles

Area Los Angeles (90007)

Zoning Assessor

Building

Lot Description Curbs, Sidewalks

Story 2

Lot Size Range 4000-7499 SF

Level or Stories 2 Story

Others

Monthly Total Fees $46

Acceptable Financing Conventional, FHA, VA

Space Rent $7,000

Listing Terms Conventional, FHA, VA


San Diego Regional MLS (SDMLS)
Listed by Noe Blanco • RE/MAX Alliance Group

Valerie Upham

+1(858) 761-7890

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2005 Magnolia Avenue