Active
2001 Magnolia Ave
Los Angeles CA, 90007
$875,000
$600.14 per sqft
Active
3 Beds
2 Baths
1,458 sqft
Residential
Built in 1903
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!
24-433441
MLSⓇ ID
August 29, 2024
Listed
September 18, 2024
Updated
Map
2001 Magnolia Ave
Los Angeles CA, 90007
Interior Features
Total Stories
1
Bedrooms
3
Total Bathrooms
2
Full Bathrooms
2
Appliances
Ceiling Fan, Dishwasher, Freezer, Garbage Disposal, Range/Oven, Refrigerator
Laundry Description
Other
Floor Description
Hardwood, Carpet, Tile
Fireplace
No
Fireplace Description
None
Cooling
Yes
Cooling Description
Air Conditioning, Wall Unit(s)
Heating
Yes
Heating Description
Natural Gas
Exterior/Building Features
Lot Size
0.14 Acres
Architectual Style
California Bungalow
Other Property Details
Area Name
Mid Los Angeles
Days on Market
19
Garage
No
Parking
Carport, Driveway - Concrete, Gated, Covered Parking
Parking Total
2
View
Yes
View Description
City
County
Los Angeles
Pool
No
Pool Features
None
Zoning
LARD1.5
Open House Schedule
Sun, Sep 22nd
11:00 AM - 2:00 PM PDT
Tue, Sep 24th
11:00 AM - 2:00 PM PDT
Listed by Zachary Tucker with Coldwell Banker Realty
Listing Contact: 310-461-8358
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Nick Hertz | CA DRE #1992715 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 9/18/2024