NOT LISTED FOR SALE

2656 Magnolia Ave Los Angeles, CA 90007

University Park Neighborhood

Estimated Value: $1,719,000 - $2,601,000

2 Beds
1 Bath
1,885 Sq Ft
$1,099/Sq Ft Est. Value

Last Sold July 26, 2021

Last sale price $1,600,000 $849 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $13,867/month

3 Days on Market

About This Home

As of July 2021

Amazing investment opportunity!! Charming remodeled duplex in a perfect location close to USC. Both units features 2 bedrooms and one bath. This home was completely remodeled in 2019 with upgraded electrical, main drain, water heaters, recessed lighting, windows, exterior and interior paint.. Both units features beautiful kitchens with quart counter tops, remodeled bathrooms and their own laundry. The rear unit also features a new porch. This home features a large attic with 7ft ceilings equipped with added electrical for 1 bedroom or studio apartment,. This lot is Zoned for 4 units and has the opportunity to build 2 ADU’s. Don’t miss out on this great income property!

Last Agent to Sell the Property

Semira Knight

Coldwell Banker Realty License #01491785 Listed on: 05/17/2021

Coldwell Banker Realty

Last Buyer's Agent

Michelle Cohan

Coldwell Banker Realty License #01208350

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,844

Year Built

  • Built in 1905

Lot Details

  • 6,103 Sq Ft Lot
  • No Common Walls
  • Front Yard

Interior Spaces

  • 1,885 Sq Ft Home
  • Family Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 210
  • Assessor Parcel Number 5055025009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,844

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Attached: No
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 5055025009
  • Year Built: 1905
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Fireplace Features: Family Room
  • Price Per Square Foot: 848.81

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6103.00
  • Lot Size Acres: 0.1401

Multi Family

  • Lot Size Area: 6103.0000 Square Feet
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Census Tract: 2218.20
  • Tax Lot: 10
  • Tax Tract Number: 210

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 25, 2025
Sold by
Bursa 701 30Th Llc and Sk Living Trust
Bought by
Bursa 701 30Th Llc and Shkoo Llc
Current Estimated Value
$2,071,622

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,760,000
Outstanding Balance
$5,760,000
Interest Rate
6.81%
Mortgage Type
Construction
Estimated Equity
-$3,688,378

Purchase Details

Closed on
Jul 19, 2024
Sold by
Bursa 701 30Th Llc
Bought by
Sk Living Trust and Choon & Moon Koo Revocable Trust

Purchase Details

Closed on
Jun 27, 2024
Sold by
Bursa 701 30Th Llc
Bought by
Sk Living Trust and Choon & Moon Koo Revocable Trust

Purchase Details

Closed on
Jan 17, 2023
Sold by
2656 Magnolia La Llc
Bought by
Orion Capital

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,281,500
Interest Rate
6.09%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
May 17, 2021
Closed on
Jun 24, 2021
Sold by
Jackson Robinson Lisa
Bought by
Jackson Robinson Lisa and Jackson Lisa
Seller's Agent
Semira Knight
Coldwell Banker Realty
Buyer's Agent
Michelle Cohan
Coldwell Banker Realty
List Price
$1,749,000
Sold Price
$1,600,000
Premium/Discount to List
-$149,000
-8.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.71%
Original Mortgage
$3,600,000
Interest Rate
2.93%
Mortgage Type
Unknown

Purchase Details

Listed on
May 17, 2021
Closed on
Jun 23, 2021
Sold by
Jackson Robinson Lisa
Bought by
2656 Magnolia La Llc
Seller's Agent
Semira Knight
Coldwell Banker Realty
Buyer's Agent
Michelle Cohan
Coldwell Banker Realty
List Price
$1,749,000
Sold Price
$1,600,000
Premium/Discount to List
-$149,000
-8.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,600,000
Interest Rate
2.93%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 5, 2018
Sold by
Robinson Michael E
Bought by
Jackson Robinson Lisa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 10, 2018
Sold by
Jackson Robinson Lisa and The Dora M Jackson Revocable T
Bought by
Jackson Robinson Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 11, 2006
Sold by
Jackson Dora M
Bought by
Jackson Dora M and The Dora M Jackson Revocable Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Bursa 701 30Th Llc -- Chicago Title Company
Sk Living Trust $1,482,500 Chicago Title Company
Sk Living Trust $1,482,500 Chicago Title Company
Orion Capital $2,330,000 Chicago Title Company
Jackson Robinson Lisa -- Lawyers Title
2656 Magnolia La Llc $1,600,000 Lawyers Title
Jackson Robinson Lisa M -- Pacific Coast Title Company
Jackson Robinson Lisa -- Pacific Coast Title Company
Jackson Dora M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bursa 701 30Th Llc $5,760,000
Previous Owner Orion Capital $1,281,500
Previous Owner Ursa 1155 36Th Pi Llc $3,600,000
Previous Owner 2656 Magnolia La Llc $3,600,000
Previous Owner Jackson Robinson Lisa M $470,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2021 07/26/21 Sold $1,600,000 -8.5% $849 / Sq Ft
05/20/2021 05/20/21 Pending -- -- --
05/17/2021 05/17/21 For Sale $1,749,000 -- $928 / 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
2024 $28,844 $2,376,600 $1,836,000 $540,600
2023 $19,910 $1,632,000 $652,800 $979,200
2022 $18,983 $1,600,000 $640,000 $960,000
2021 $7,983 $652,230 $436,620 $215,610
2020 $8,062 $645,543 $432,143 $213,400
2019 $661 $36,424 $26,127 $10,297
2018 $597 $35,711 $25,615 $10,096
2016 $551 $34,326 $24,621 $9,705
2015 $545 $33,812 $24,252 $9,560
2014 $562 $33,150 $23,777 $9,373
Source: Public Records

Agents Affiliated with this Home

  • Semira Knight

    Seller's Agent in 2021

    Semira Knight

    Coldwell Banker Realty

    (818) 222-7707

    1 in this area

    29 Total Sales

    Semira Knight
    Section Image
  • Michelle Cohan

    Buyer's Agent in 2021

    Michelle Cohan

    Coldwell Banker Realty

    (818) 335-9777

    1 in this area

    66 Total Sales

    Michelle Cohan
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21105786

California Regional Multiple Listing Service (CRMLS)

APN: 5055-025-009

California Los Angeles County Los Angeles 90007 University Park

2656 Magnolia Ave, Los Angeles, CA

This home is located at 2656 Magnolia Ave, Los Angeles, CA 90007 since 17 May 2021 and is currently estimated at $2,071,622, approximately $1,099 per square foot. This property was built in 1905. 2656 Magnolia Ave is a home located in Los Angeles County with nearby schools including Vermont Avenue Elementary School, John Adams Middle School, and Manual Arts Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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