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$1,990,000   Price Analysis
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1100 Magnolia Ave
Los Angeles, CA 90006
10 bed 7 bath 5,954 SqFt ($334/SqFt)
8,424SqFt lot. Built 1904
Listed 2024-02-15, Taxes $21,029
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

Great locaton and Opportunity Zone in K-town.

Perfect for investors looking for residual income for long term hold, build new construction and take advantage of O-zone tax incentive. So many different avenues of opportunity on this corner lot !

The units are individu ally gas and electricity metered.


Presented by Stacy B. Han at
Keller Williams Larchmont.


Property MLS #24-357723 from TheMLSCLAW

Bedrooms: 10

Total Bathrooms: 7
Full Bathrooms: 7

Heating Features: Wall Gas

Lot Size Acres: 0.1933884
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 8424

Garage Description: Driveway - Concrete
Parking Total: 9

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 2
Number of Units: 7
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 1800, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 1800, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 1500, 4 BedsTotal: 1, 4 BathsTotal: 1, 4 SquareFeet: 1500, 5 BedsTotal: 1, 5 BathsTotal: 1, 5 SquareFeet: 1500, 6 BedsTotal: 2, 6 BathsTotal: 1, 6 SquareFeet: 1800, 7 BedsTotal: 1, 7 BathsTotal: 1, 7 SquareFeet: 1500

Source Listing Status: Active
County: Los Angeles
Directions: One Block S. Olympic Blvd and E. Vermont Ave.
Source Property Type: Residential Income
Area: Mid-Wilshire
Source Neighborhood: Mid-Wilshire
Parcel Number: 5076-013-001
Postal Code Plus 4: 2906
Zoning: LAR3
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$518,386 + $1,209,571
$1,727,957
$21,029
2021$508,222 + $1,185,854
$1,694,076
$20,750
2020$503,011 + $1,173,695
$1,676,706
$20,957
2019$493,149 + $1,150,682
$1,643,831
$20,139
2018$483,480 + $1,128,120
$1,611,600
$19,945
2017$474,000 + $1,106,000
$1,580,000
$19,520
2016$322,471 + $416,094
$738,565
$9,383
2015$317,628 + $409,844
$727,472
$9,253
2014$311,407 + $401,816
$713,223
$9,327
2013$310,000 + $400,000
$710,000
$9,322
2012$282,501 + $230,613
$513,114
$7,131
2010$276,962 + $226,092
$503,054
$7,218
2009$275,547 + $224,937
$500,484
$6,963
2009$274,893 + $224,403
$499,296
$6,963
2008$270,145 + $220,527
$490,672
$6,694
2007$264,849 + $216,203
$481,052
$6,467

Listed 2024-02-15
$1,990,000
TheMLSCLAW
Listing removed 2022-10-05
$0
TheMLSCLAW
Listed 2022-06-04
$1,950,000
TheMLSCLAW
Listing removed 2021-07-16
$0
TheMLSCLAW
Listed 2021-02-03
$1,950,000
TheMLSCLAW
Listing removed 2019-07-10
$0
TheMLSCLAW
Relisted 2019-04-13
$1,950,000
TheMLSCLAW
Listing removed 2019-04-12
$0
TheMLSCLAW
Listed 2019-03-12
$1,950,000
TheMLSCLAW
Sold 2016-09-02
$1,580,000
TheMLSCLAW
Listed 2016-06-03
$1,649,000
TheMLSCLAW
Sold 2012-08-27
$710,000
Public Record
Sold 2002-10-25
$445,000
ITECH
Listed 2002-02-14
$445,000
ITECH
Listed 2002-02-13
$445,000
ITECH
Listing removed 1998-04-08
$369,000
ITECH
Listed 1998-01-07
$369,000
ITECH
Listing removed 1997-12-25
$389,000
ITECH
Listed 1997-09-24
$389,000
ITECH
Sold 1982-12-08
$100,000
Public Record

Net Operating Income: 69440.14999999

Total Square Feet Living: 5954
Year Built: 1904
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 120
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced

Other Equipment: Range/Oven

Leo Politi Elementary School is a public elementary school located approximately 0.1 miles away.
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Berendo Middle School is a public middle school located approximately 0.5 miles away.
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Belmont Senior High School is a public high school located approximately 1.5 miles away.
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Korean Baptist Church School is a private elementary 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.