Seller's Agent in 2019
Dow Chang
Haus Investments
(310) 702-5501
29 Total Sales
1120 Magnolia Ave Los Angeles, CA 90006
Pico-Union NeighborhoodEstimated Value: $1,355,000 - $1,777,000
5
Beds
4
Baths
3,878
Sq Ft
$413/Sq Ft
Est. Value
Highlights
- Laundry Room
- 2 Car Garage
- Level Lot
About This Home
As of November 2019Welcome to this magnificent craftsman style triplex. Nestled between Downtown LA, USC, Silverlake and Koreatown. One block from the Hoover/12th bus lines. It doesn't get more centrally located and accessible than this. This property has retained all the charm and character as the day it was built. This property was used as a rooming house back in the 1940s and 1950s, like many other properties in the Mid City neighborhoods. The owners have done an excellent job in maintaining the original integrity of this beauty. You can see and feel the elegance as you walk through this home with the hardwood floors, the arches and the doors. Many original wood features are intact and supplemented by matching custom wood work on the exterior. The lower level has two units. A 2 bedroom/ 1 bath unit and a separate studio. The second level unit has 3 bedrooms and 1.5 baths. This is a rare opportunity could be a love at first sight, own a piece of history while building wealth!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,303
Year Built
- Built in 1907
Lot Details
- 7,001 Sq Ft Lot
- No Common Walls
- Level Lot
Parking
- 2 Car Garage
- Parking Available
Home Design
- 3,878 Sq Ft Home
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
Listing and Financial Details
- Tax Lot 74
- Tax Tract Number 2134
- Assessor Parcel Number 5076013004
Community Details
Overview
- 3 Units
Building Details
- 2 Leased Units
- Rent Control
- 3 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $400
- Fuel Expense $400
- Gardener Expense $1,200
- Insurance Expense $1,357
- Trash Expense $400
- Water Sewer Expense $400
- New Taxes Expense $15,000
- Operating Expense $21,083
- Net Operating Income $44,017
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 9, 2019
Closed on
Nov 1, 2019
Sold by
Mazelka Danute G Barauskas and Barauskas Vytas
Bought by
Real Estate Asset Partners Llc
Seller's Agent
Dow Chang
Haus Investments
Buyer's Agent
Dow Chang
Haus Investments
List Price
$1,200,000
Sold Price
$1,150,000
Premium/Discount to List
-$50,000
-4.17%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$416,666
Avg. Annual Appreciation
5.97%
Purchase Details
Closed on
Oct 19, 2005
Sold by
Mazeika Danute G Barauskas and Barauskas Vytas
Bought by
Mazeika Danute G Barauskas
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Real Estate Asset Partners Llc | $1,150,000 | Wfg National Title Co Of Ca | |
| Mazeika Danute G Barauskas | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Real Estate Asset Partners Llc | $840,000 | |
| Closed | Real Estate Asset Partners Llc | $510,000 | |
| Closed | Real Estate Asset Partners Llc | $500,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/25/2019 11/25/19 | Sold | $1,150,000 | -4.2% | $297 / Sq Ft |
| 09/18/2019 09/18/19 | Price Changed | $1,200,000 | 0.0% | $309 / Sq Ft |
| 09/18/2019 09/18/19 | For Sale | $1,200,000 | +4.3% | $309 / Sq Ft |
| 07/29/2019 07/29/19 | Off Market | $1,150,000 | -- | -- |
| 07/09/2019 07/09/19 | For Sale | $1,199,000 | -- | $309 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,303 | $1,257,691 | $929,598 | $328,093 |
| 2024 | $15,303 | $1,233,031 | $911,371 | $321,660 |
| 2023 | $15,013 | $1,208,854 | $893,501 | $315,353 |
| 2022 | $14,324 | $1,185,152 | $875,982 | $309,170 |
| 2021 | $14,089 | $1,161,914 | $858,806 | $303,108 |
| 2020 | $14,231 | $1,150,000 | $850,000 | $300,000 |
| 2019 | $1,491 | $97,408 | $69,419 | $27,989 |
| 2018 | $1,434 | $95,499 | $68,058 | $27,441 |
| 2016 | $1,370 | $91,792 | $65,416 | $26,376 |
| 2015 | $1,353 | $90,414 | $64,434 | $25,980 |
| 2014 | $1,376 | $88,644 | $63,172 | $25,472 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2019
Stephen Takahashi
Lyon Stahl Investment Real Estate, Inc.
(310) 403-9145
92 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB19161629
APN: 5076-013-004
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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