$10,000 Closing Credit¹
#CV25006695, Lidia Venegas Valencia, Listing Office: RE/MAX TOP PRODUCERS
#IN24081431·
Listing Office: RE/MAX Alliance Group·
Listing Agent: Noe Blanco·
Listing Office Phone: 310-508-7155
$10,000
closing credit¹
2005 Magnolia Ave Los Angeles, CA 90007
$1,690,000 List price
$10,000
Closing credit¹
0.1 acres
Multi-Family
Property details
About 2005 Magnolia Ave
Situated at 2005 Magnolia Avenue, Los Angeles, CA 90007, this charming property presents a unique investment opportunity. Comprising two units across 4,620 square feet, this two-level residence boasts a rich history dating back to its construction in 1903. Recently listed with an enticing price per square foot of $389.61, this property offers excellent value. Nestled on a 5,965 square foot lot in the Standard SLC area, it promises both space and potential. With a total operating expense of $13,260 and a net operating income of $154,740, this property showcases strong financial viability. Whether you're considering it for investment purposes or envisioning it as a distinctive home, 2005 Magnolia Avenue encapsulates the allure of historic charm and modern opportunity in the heart of Los Angeles.
Highlights
Home typeDuplex
HeatingWall Furnace
StatusActive
Lot size0.1369 Acres
Year built1903
MLS #IN24081431
Summary
- MLS Number: IN24081431
- MLS Name: CRMLS
- Office Name: RE/MAX Alliance Group
- Office Phone: (310) 508-7155
- Listing Agent: Noe Blanco
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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/8/2025, 3:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,690,000
2005 Magnolia Ave
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 03, 2023 | Home Sold | $341,500 |
| Feb 11, 2022 | Home Sold | $1,085,000 |
| Feb 06, 2007 | Home Sold | $870,000 |
| Oct 10, 2002 | Home Sold | $297,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,275,000 | $15,855 |
| 2023 | $1,106,700 | $13,836 |
| 2022 | $1,098,375 | $13,360 |
| 2021 | $1,076,839 | $17,824 |
| 2020 | $1,065,798 | $17,434 |
| 2019 | $1,044,901 | $17,300 |
| 2018 | $1,024,414 | $17,029 |
| 2017 | $1,004,328 | $17,029 |
History based on county public records data.
Nearby schools
4
Magnolia Avenue Elementary School
Public District PK-5
0.4 mi
•1626 Orchard Ave
5
Norwood Street Elementary School
Public District KG-5
0.5 mi
•2020 Oak St
6
Vermont Avenue Elementary
Public District KG-5
0.6 mi
•1435 W 27th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $27,917. The most common annual income of people living in Los Angeles, CA is less than $<35k. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
57%
<35k
39%
35k-100k
4%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
42%
Single, No Kids
22%
Single, with Kids
12%
Married, No Kids
24%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
9%
12-17 yrs old
28%
18-34 yrs old
38%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Foot Locker
Burlington
H&M
Where do the neighbors go to eat?
Little Caesars
White Castle
Boston Market
What do the neighbors drive?
Dodge
Kia
Honda
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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This home is located at 2005 Magnolia Ave in Los Angeles, CA and zip code 90007 in the Central LA neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since April 24, 2024 and is currently priced at $1,690,000.
Over 294 listings were sold over their listed price in January 2025 in Los Angeles, CA. In the same period over 545 listings were sold below the listed price and 161 listings were sold for the listed price. The inventory of homes for sale in Los Angeles, CA between December and January 2025 increased by 20.1%. While the average time on the market in January 2025 was 45 days, the median list price was $1,035,435.
From Rocket Homes Real Estate and based on county public records data.