$870,000
$875,000
0.6%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
2 Baths
1,458 SqFt
SOLD DATE : 10/29/2024
Key Details
Sold Price $870,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,458 sqft
Price per Sqft $596
MLS Listing ID 24433441
Sold Date 10/29/24
Bedrooms 3
Full Baths 2
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1903
Lot Size 5,963 Sqft
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
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Bought with Evelyn Perez • JohnHart Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "