CA > Los Angeles
Los Angeles, CA 90007,2001 Magnolia AVE
Los Angeles, CA 90007,2001 Magnolia AVE
Los Angeles, CA 90007,2001 Magnolia AVE
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Diego Magdaleno

Diego Magdaleno

+1(714) 681-1222
$875,000
Est. payment /mo
3 Beds
2 Baths
1,458 SqFt
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UPDATED:

10/04/2024 10:38 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 1,458 sqft

Price per Sqft $600

MLS Listing ID 24433441

Bedrooms 3

Full Baths 2

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1903

Lot Size 5,963 Sqft

Acres 0.1369

Property Description

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!

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LARD1.5

Rooms

Other Rooms Shed(s)

Ensuite Laundry See Remarks

Interior

Interior Features Ceiling Fan(s), Walk-In Closet(s)

Laundry Location See Remarks

Heating Natural Gas

Flooring Carpet, Tile, Wood

Fireplaces Type None

Furnishings Unfurnished

Fireplace No

Appliance Dishwasher, Disposal, Refrigerator

Laundry See Remarks

Exterior

Garage Concrete, Covered, Carport, Gated

Pool None

Community Features Gated

View Y/N Yes

View City Lights

Parking Type Concrete, Covered, Carport, Gated

Total Parking Spaces 2

Private Pool No

Building

Story 1

Entry Level One

Level or Stories One

Additional Building Shed(s)

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5056029004

Security Features Carbon Monoxide Detector(s),Fire Detection System,Gated Community,Smoke Detector(s)

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by Zachary Tucker • Coldwell Banker Realty
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