30
See all 30 photos
$1,690,000
Est. payment /mo
5,963 Sqft Lot
Price Dropped by $110K
2005 Magnolia AVE Los Angeles, CA 90007
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UPDATED:
12/19/2024 05:47 AM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID IN24081431
HOA Y/N No
Year Built 1903
Lot Size 5,963 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.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAR4
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Biking, Curbs, Street Lights, Sidewalks
Private Pool No
Building
Lot Description Back Yard, Front Yard
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5056029005
Acceptable Financing Conventional, FHA, Owner Will Carry, VA Loan
Listing Terms Conventional, FHA, Owner Will Carry, VA Loan
Special Listing Condition Standard
Listed by Noe Blanco • RE/MAX Alliance Group • 310-508-7155