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$895,000   Price Analysis
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1734 Magnolia Ave
Los Angeles, CA 90006
5 bed 3 bath 2,125 SqFt ($421/SqFt)
7,968SqFt lot. Built 1904
Listed 2024-06-28, Taxes $6,978
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

Great investment opportunity to own this Income producing (TRIPLEX)

In the city of Los Angeles. Property characteristics are as follow; Property built in 1904, Living area 2, 125(SF), Lot size 7, 966(SF) and Zoning LARD1.5 to put your imagination to work. Wrought iron fence, long drive-way with lots of parking space in the back, roof still in good condition.

Units features; (#1)unit consist of 2 bedrooms 1 bath, (#2) unit 2 bedroms and 1 bath and (#3 )unit 1 Bedroom with a additional bonus room, making this unit a 2 bedrooms and 1 Bath. Rents are received monthly with no issues, with cooperating tenants. Property located near s chools, shops, restaurants, Public transportation, freeways and much more.


Presented by Franklin Berrios at
Landhills Realty, Inc.


Property MLS #SR24132662 from CRMLS

Bedrooms: 5

Appliances: Water Heater
Appliances YN: Yes

Cooling Features: Wall/Window Unit(s)
Heating Features: Wall Furnace
Heating: Yes

Full Bathrooms: 3

Window Features: Screens

Fencing: Fence YN: Yes, Fencing: Wrought Iron
Road Frontage Type: City Street
Road Surface Type: Paved

Lot Description: Rectangular Lot, Yard
Lot Size Acres: 0.1829201
Lot Size Source: Assessor
Lot Size Square Feet: 7968

Monthly Parking Fee: 150

Parking Features: Parking YN: Yes, Parking Features: Driveway, Concrete
Parking Total: 5

View: City Lights, Neighborhood

Number of Units: 3
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1

Calculated Total Monthly Association Fees: 0
Maintenance Expense: 1200.00

Number of Units Leased: 3
Tenant Pays: Electricity, Gas
Rent Control: Yes

Community Features: Sidewalks, Street Lights

Source Listing Status: Active
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 2000.00
Area: C23 - Metropolitan
Source Neighborhood: C23 - Metropolitan
Number of Separate Electric Meters: 3
Number of Separate Gas Meters: 3
Number of Separate Water Meters: 3
Parcel Number: 5056013021
Pest Control Expense: 200.00
Postal Code Plus 4: 5308
Zoning: LARD1.5
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$223,101 + $334,654
$557,755
$6,978
2021$218,727 + $328,093
$546,820
$6,885
2020$216,485 + $324,729
$541,214
$6,951
2019$212,241 + $318,362
$530,603
$6,687
2018$208,080 + $312,120
$520,200
$6,558
2017$204,000 + $306,000
$510,000
$6,421
2016$116,198 + $565,884
$682,082
$8,434
2015$114,453 + $557,384
$671,837
$8,313
2014$186,600 + $428,400
$615,000
$7,825
2013$135,000 + $310,000
$445,000
$5,773
2012$135,000 + $310,000
$445,000
$5,959
2010$107,368 + $522,874
$630,242
$8,288
2009$106,820 + $520,200
$627,020
$7,982
2009$106,566 + $518,967
$625,533
$7,982
2008$104,726 + $510,000
$614,726
$7,643
2007$26,010 + $728,280
$754,290
$9,155

Price Changed 2024-07-12
$895,000
CRMLS
Listed 2024-06-28
$995,000
CRMLS
Listing removed 2024-05-10
$0
TheMLSCLAW
Listed 2024-02-10
$999,000
TheMLSCLAW
Listing removed 2023-12-31
$0
TheMLSCLAW
Listed 2023-08-12
$999,000
TheMLSCLAW
Listing removed 2022-01-29
$0
TheMLSCLAW
Price Changed 2022-01-06
$1,099,000
TheMLSCLAW
Listed 2021-12-15
$1,200,000
TheMLSCLAW
Listing removed 2019-07-10
$779,000
CRISNET
Listing removed 2018-10-19
$779,000
CRISNET
Listing removed 2018-10-19
$450,000
CRISNET
Listing removed 2018-08-08
$779,000
CRISNET
Listed 2018-07-12
$779,000
CRISNET
Listing removed 2016-12-08
$450,000
CRISNET
Sold 2016-06-02
$500,000
Public Record
Listed 2016-03-03
$450,000
CRISNET
Sold 2016-02-26
$450,000
CRISNET
Listed 2015-09-25
$450,000
CRISNET
Sold 2007-01-16
$573,800
SoCalMLS
Listed 2006-11-16
$560,000
SoCalMLS
Sold 1969-03-12
$22,500
Public Record

Net Operating Income: 55292.00

Total Square Feet Living: 2125
Year Built: 1904
Building Features: 2
Common Walls: No Common Walls
Construction Materials: Brick, Concrete, Drywall Walls, Frame, Stucco, Wood Siding
Entry Level: 1
Entry Location: 1
Foundation Details: Raised
Property Age: 120
Roof: Composition, Shingle
Levels or Stories: One
Building Total Stories: 1
Structure Type: Triplex
Year Built Source: Public Records

Electric: Electricity - Unknown
Sewer: Sewer: Public Sewer, Water Sewer Expense: 3000.00
Electricity Connected
Natural Gas Connected
Sewer Connected
Water Connected
Water Source: Public

Parking

Magnolia Avenue Elementary School is a public elementary school located approximately 0.1 miles away.
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West Adams Preparatory High School is a public high school located approximately 0.3 miles away.
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Berendo Middle School is a public middle school located approximately 0.7 miles away.
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Los Angeles Christian School is a private elementary and middle school located approximately 0.5 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.