17 days on rocket

2001 Magnolia Ave, Los Angeles, CA, 90007

$875,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
2 Full Baths
1,458 SqFt
$600/SqFt
House

Location

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2001 Magnolia Ave, Los Angeles$875,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingConcrete, Covered, Carport, Gated
Year Built1903
HeatingNatural Gas
FireplaceNone
ViewCity Lights
MLS #24433441
Lot Size0.14 Acres
StatusActive

About 2001 Magnolia Ave

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!

Property Details

Property Features

Property Information:

  • Year Built: 1903
  • Stories: 1
  • Living Area: 1,458 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (310) 777-6200
  • Listing Agent: Zachary Tucker

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Refrigerator
  • Flooring Type: Carpet, Tile, Wood
  • Interior: Ceiling Fan(s), Walk-In Closet(s)
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: City Lights

Parking Information:

  • Parking: Concrete, Covered, Carport, Gated

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas

School Info

Assigned Schools Information:

  • West Adams Preparatory High School, Public District Grades 9-12
  • Foshay Learning Center, Public District Grades KG-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • John Adams Middle School, Public Magnet Grades 6-8
  • Studio, Public District Grades 6-8
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Point Fermin Elementary School, Public Magnet Grades KG-5
  • Academy For Enriched Sciences, Public Magnet Grades 1-5

Other

Directions Information:

  • Directions: South of W Washington Blvd & east of Vermont Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $875,000
  • Price Per SqFt: $600/SqFt

Tax Information:

  • Annual Amount: $4,883
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

34

# of Sold Homes

1609

2001 Magnolia Ave vs Los Angeles

17 DAYS ON ROCKET

-17 Days

$875,000

-$138.6K Less

$600/SqFt

-$40 Less

KEY TAKEAWAY

This property is $138.6K less than the Median Sold Price and $40/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24433441

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (310) 777-6200
  • Listing Agent: Zachary Tucker

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 9/16/2024, 2:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 14, 2011Home Sold
$325,000
Nov 03, 2010Home Sold
$180,000

Tax History

YEARPROP. TAXASSESSMENT
2021$4,883$384,663
2020$4,743$380,720
2019$4,600$373,256
2018$4,504$365,938
2017$4,504$358,764

History based on county public records data.

Payment Calculator

$4,435

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,690

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2327471
9
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 4.61 miles

  • Public Magnet Grades KG-6

school-card-donut-2327472
6
/10

  • Point Fermin Elementary School

  • 3333 S Kerckhoff Ave

  • 22.38 miles

  • Public Magnet Grades KG-5

school-card-donut-2327473
9
/10

  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 22.88 miles

  • Public Magnet Grades 1-5

Middle School

school-card-donut-2327474
6
/10

  • John Adams Middle School

  • 151 W 30th St

  • 1.42 miles

  • Public Magnet Grades 6-8

school-card-donut-2327475
4
/10

  • Studio

  • 2211 W Avenue 30

  • 5.44 miles

  • Public District Grades 6-8

High School

school-card-donut-2327476
3
/10

  • West Adams Preparatory High School

  • 1500 W Washington Blvd

  • 0.17 miles

  • Public District Grades 9-12

school-card-donut-2327477
6
/10

  • Foshay Learning Center

  • 3751 S Harvard Blvd

  • 1.70 miles

  • Public District Grades KG-12

school-card-donut-2327478
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 4.32 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $27,917. Typical income of Los Angeles, CA residents is less than $35k annually. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2001 Magnolia Ave

What is the listing price of this property?

The listing price of 2001 Magnolia Ave property is $875,000.

What type of property is this?

The property 2001 Magnolia Ave is a house located in Los Angeles, California, 90007.

Is this property for sale now?

Active Listing: 2001 Magnolia Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 2001 Magnolia Ave are:
Melrose Avenue Elementary School: GreatSchools Rating 9/10
Point Fermin Elementary School: GreatSchools Rating 6/10
Academy For Enriched Sciences: GreatSchools Rating 9/10
John Adams Middle School: GreatSchools Rating 6/10
Studio: GreatSchools Rating 4/10
West Adams Preparatory High School: GreatSchools Rating 3/10
Foshay Learning Center: GreatSchools Rating 6/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $4,883 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on March 14, 2011 for $325,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 2001 Magnolia Ave has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 2001 Magnolia Ave is 1,458 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2001 Magnolia Ave is 1903.

Rocket Homes›California›Los Angeles County›Los Angeles›90007›2001 Magnolia Ave

This home is located at 2001 Magnolia Ave in Los Angeles, CA and zip code 90007 in the Central LA neighborhood. This 1,458 square foot home, which was built in 1903, sits on a 0.14 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since August 29, 2024 and is currently priced at $875,000.

Over 668 listings were sold over their listed price in August 2024 in Los Angeles, CA. In the same period over 728 listings were sold below the listed price and 213 listings were sold for the listed price. The number of listings in Los Angeles, CA increased by 7.2% between July 2024 and August 2024. In August 2024 median list price was $1,013,623 and the average listing age was 34 days.

From Rocket Homes Real Estate and based on county public records data.

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