
1734 Magnolia Ave Los Angeles, CA 90006
Pico-Union NeighborhoodHighlights
- City Lights View
- No HOA
- Accessible Parking
- Private Yard
- Cooling System Mounted To A Wall/Window
- Wrought Iron Fence
About This Home
As of November 2024Great 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/ 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 bedrooms 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. Property located near schools, shops, restaurants, Public transportation, freeways and much more.
Last Agent to Sell the Property
Landhills Realty, Inc. Brokerage Phone: 818-403-9028 License #01400029 Listed on: 06/28/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,437
Year Built
- Built in 1904
Lot Details
- 7,968 Sq Ft Lot
- No Common Walls
- Wrought Iron Fence
- Rectangular Lot
- Private Yard
Property Views
- City Lights
- Neighborhood
Home Design
- Triplex
- Brick Exterior Construction
- Raised Foundation
- Fire Rated Drywall
- Frame Construction
- Shingle Roof
- Composition Roof
- Wood Siding
- Pre-Cast Concrete Construction
- Stucco
Interior Spaces
- 2,125 Sq Ft Home
- 1-Story Property
- Window Screens
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Parking
- 5 Open Parking Spaces
- 5 Parking Spaces
- Parking Available
- Driveway
- Paved Parking
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Source of electricity is unknown
- Natural Gas Connected
- Water Heater
Additional Features
- Accessible Parking
- Exterior Lighting
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 16 / C
- Tax Tract Number 5056
- Assessor Parcel Number 5056013021
- $479 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
Building Details
- 3 Leased Units
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Insurance Expense $2,000
- Maintenance Expense $1,200
- Pest Control $200
- Water Sewer Expense $3,000
- Operating Expense $6,400
- Gross Income $1,800
- Net Operating Income $55,292
Ownership History
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Purchase Details
Similar Homes in Los Angeles, CA
Home Values in the Area
Average Home Value in this Area
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Grant Deed | $789,000 | Sepulveda Escrow Corporation | |
Grant Deed | $500,000 | Entitle Insurane Company | |
Interfamily Deed Transfer | -- | Accommodation | |
Administrators Deed | $574,000 | First American Title Co | |
Interfamily Deed Transfer | -- | -- | |
Quit Claim Deed | -- | -- |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Previous Owner | $591,750 | New Conventional | |
Previous Owner | $375,000 | New Conventional | |
Previous Owner | $459,040 | Purchase Money Mortgage |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
11/08/2024 11/08/24 | Sold | $789,000 | -1.4% | $371 / Sq Ft |
09/06/2024 09/06/24 | Pending | -- | -- | -- |
08/14/2024 08/14/24 | Price Changed | $799,999 | -10.6% | $376 / Sq Ft |
07/12/2024 07/12/24 | Price Changed | $895,000 | -10.1% | $421 / Sq Ft |
07/12/2024 07/12/24 | For Sale | $995,000 | 0.0% | $468 / Sq Ft |
07/05/2024 07/05/24 | Pending | -- | -- | -- |
06/28/2024 06/28/24 | For Sale | $995,000 | -- | $468 / Sq Ft |
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 | $7,437 | $789,000 | $629,000 | $160,000 |
2024 | $7,437 | $580,287 | $348,173 | $232,114 |
2023 | $7,303 | $568,910 | $341,347 | $227,563 |
2022 | $6,979 | $557,755 | $334,654 | $223,101 |
2021 | $6,885 | $546,820 | $328,093 | $218,727 |
2020 | $6,951 | $541,214 | $324,729 | $216,485 |
2019 | $6,687 | $530,603 | $318,362 | $212,241 |
2018 | $6,558 | $520,200 | $312,120 | $208,080 |
2016 | $8,434 | $682,082 | $565,884 | $116,198 |
2015 | $8,313 | $671,837 | $557,384 | $114,453 |
2014 | $7,826 | $615,000 | $428,400 | $186,600 |
Agents Affiliated with this Home
-
f
Seller's Agent in 2024
franklin berrios
Landhills Realty, Inc.
(818) 361-5599
1 in this area
16 Total Sales
-
Buyer Co-Listing Agent in 2024
James Song
Coldwell Banker Realty
(323) 464-9272
1 in this area
13 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR24132662

APN: 5056-013-021
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