NOT LISTED FOR SALE

2651 Magnolia Ave Los Angeles, CA 90007

University Park Neighborhood

Estimated Value: $1,334,000 - $1,961,000

3 Beds
1.5 Baths
1,312 Sq Ft
$1,242/Sq Ft Est. Value

Last Sold March 17, 2020

Last sale price $1,205,000 $918 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $10,099/month

21 Days on Market

Highlights

  • City Lights View
  • No HOA
  • 1-Story Property
  • Lawn
  • Laundry Room

About This Home

As of March 2020

Beautiful opportunity to own a historic craftsman home within steps of USC. This property has been well maintained SOLD AS IS and still offers its original charm and character. The home is a great investment for an owner occupier or an investor. Property has been upgraded with copper plumbing and brand new electrical. Opportunites like this do not come very ofen in this area. This home is a rare find, dont let the opportunity pass you by!

Last Agent to Sell the Property

Jamie Hammontree

PLF Real Estate Solutions License #01741267 Listed on: 01/31/2020

Last Buyer's Agent

Jamie Hammontree

PLF Real Estate Solutions License #01741267 Listed on: 01/31/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,847

Year Built

  • Built in 1897

Lot Details

  • 6,174 Sq Ft Lot
  • Lawn
  • Property is zoned LARD1.5

Interior Spaces

  • 1,312 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • City Lights Views
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Location

  • Urban Location

Community Details

  • No Home Owners Association
  • Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 16 / 20
  • Tax Tract Number 2218
  • Assessor Parcel Number 5055026009

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,847

Year Built

Built in 1897

Lot Details

0

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: LARD1.5
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5055026009
  • Year Built: 1897
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1312.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • One Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 918.45
  • Room Type: All Bedrooms Down

Exterior Features

  • View: City Lights
  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Walkstreet
  • Lot Size Sq Ft: 6174.00
  • Lot Size Acres: 0.1417

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6174.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 20
  • Tax Census Tract: 2218.20
  • Tax Lot: 16
  • Tax Tract Number: 2218

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2020
Closed on
Feb 25, 2020
Sold by
Castro Emma J
Bought by
Andys Oak Llc
Seller's Agent
Jamie Hammontree
PLF Real Estate Solutions
Buyer's Agent
Jamie Hammontree
PLF Real Estate Solutions
List Price
$999,900
Sold Price
$1,205,000
Premium/Discount to List
$205,100
20.51%
Current Estimated Value
$1,629,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$424,333
Avg. Annual Appreciation
5.51%
Original Mortgage
$1,214,360
Outstanding Balance
$1,075,489
Interest Rate
3.5%
Mortgage Type
Construction
Estimated Equity
$553,844

Purchase Details

Closed on
May 5, 1996
Sold by
Trujillo Helen and Trujillo Elena
Bought by
Castro Emma J

Purchase Details

Closed on
Jan 13, 1996
Sold by
Trujillo Elena and Trujillo Helen
Bought by
Trujillo Elena

Purchase Details

Closed on
Jan 7, 1996
Sold by
Trujillo Elena
Bought by
Trujillo Elena
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Andys Oak Llc $1,205,000 Stewart Title
Castro Emma J -- --
Trujillo Elena -- --
Trujillo Elena -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Andys Oak Llc $1,214,360
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/17/2020 03/17/20 Sold $1,205,000 +20.5% $918 / Sq Ft
02/21/2020 02/21/20 Pending -- -- --
01/31/2020 01/31/20 For Sale $999,900 -- $762 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $18,847 $1,568,285 $825,700 $742,585
2024 $18,847 $1,537,535 $809,510 $728,025
2023 $18,484 $1,507,388 $793,638 $713,750
2022 $17,627 $1,477,832 $778,077 $699,755
2021 $14,595 $1,217,483 $762,821 $454,662
2020 $1,972 $140,520 $112,422 $28,098
2019 $1,903 $137,766 $110,218 $27,548
2018 $1,827 $135,065 $108,057 $27,008
2016 $1,740 $129,822 $103,862 $25,960
2015 $1,717 $127,873 $102,302 $25,571
2014 $1,734 $125,370 $100,299 $25,071
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Jamie Hammontree

    PLF Real Estate Solutions

    (562) 567-1117

    6 Total Sales

    Jamie Hammontree
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW20022619

California Regional Multiple Listing Service (CRMLS)

APN: 5055-026-009

California Los Angeles County Los Angeles 90007 University Park

2651 Magnolia Ave, Los Angeles, CA

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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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