7 months on rocket

2005 Magnolia Ave, Los Angeles, CA, 90007

$1,800,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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2005 Magnolia Ave, Los Angeles$1,800,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built1903
HeatingWall Furnace
CoolingNone
FireplaceNone
MLS #IN24081431
Lot Size0.14 Acres
StatusActive

About 2005 Magnolia Ave

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.

Property Details

Property Features

Property Information:

  • Year Built: 1903
  • Stories: 2

Listing Office:

  • Office Name: RE/MAX Alliance Group
  • Office Phone: (310) 508-7155
  • Listing Agent: Noe Blanco

Interior Features

Interior Information:

  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot: Back Yard, Front Yard
  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

Other

Directions Information:

  • Directions: West of Hoover North of the 10-Fwy

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,800,000

Tax Information:

  • Annual Amount: $17,825
  • 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

38

# of Sold Homes

1542

2005 Magnolia Ave vs Los Angeles

215 DAYS ON ROCKET

+177 Days

$1,800,000

+$776.5K More

KEY TAKEAWAY

This property is $776.5K more than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #IN24081431

Listing Office:

  • Office Name: RE/MAX Alliance Group
  • Office Phone: (310) 508-7155
  • Listing Agent: Noe Blanco

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: 11/25/2024, 7:20:57 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

Feb 06, 2007Home Sold
$870,000
Oct 10, 2002Home Sold
$297,000

Tax History

YEARPROP. TAXASSESSMENT
2021$17,825$1,076,839
2020$17,434$1,065,798
2019$17,300$1,044,901
2018$17,030$1,024,414
2017$17,030$1,004,328

History based on county public records data.

Payment Calculator

$9,051

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,463

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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.

Nearby Schools

school-card-donut-1462732
4
/10

  • Magnolia Avenue Elementary School

  • 1626 Orchard Ave

  • 0.39 miles

  • Public District Grades PK-5

school-card-donut-1462733
5
/10

  • Norwood Street Elementary School

  • 2020 Oak St

  • 0.54 miles

  • Public District Grades KG-5

school-card-donut-1462734
6
/10

  • Vermont Avenue Elementary

  • 1435 W 27th St

  • 0.57 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

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

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Los Angeles›90007›2005 Magnolia Ave

This home is located at 2005 Magnolia Ave in Los Angeles, CA and zip code 90007 in the Central LA neighborhood. This home, which was built in 1903, sits on a 0.14 acre lot. It has been listed on Rocket Homes since April 24, 2024 and is currently priced at $1,800,000.

Los Angeles, CA housing market in October 2024 saw over 598 listings sold above listed price, more than 191 sold at listed price and over 753 sold below. Between September 2024 and October 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 11.2%. Listings spent 38 days on the market in October 2024, and had a median list price of $1,023,474 during the same period.

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

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