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2005 Magnolia Avenue, Los Angeles, California 90007, Los Angeles, 90007 - bed, bath

2005 Magnolia Avenue, Los Angeles, California 90007 home-pic-0
ACTIVE$1,499,888
2005 Magnolia Avenue, Los Angeles, California 90007
0Bed
0Bath
4,620Sqft
5,965Lot
Year Built
1903
Close
-
List price
$1.5M
Original List price
$1.57M
Price/Sqft
$325
HOA
-
Days on market
-
Sold On
-
MLS number
IN25133507
Home ConditionPoor
Features
Good View:
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.50M(80th), sqft - 4620(40th), beds - undefined(50th), baths - undefined(50th).

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. 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.

Price History

Date
Event
Price
08/19/25
Price Change
$1,499,888-4.8%
06/16/25
Listing
$1,575,000
03/03/23
Sold
$341,500
02/11/22
Sold
$1,085,000
02/06/07
Sold
$870,000
10/10/02
Sold
$297,000
Condition Rating
Poor
The property, built in 1903, exhibits significant signs of age and a clear lack of major renovations in the past 30-50+ years. Both kitchen areas feature extremely outdated cabinetry (wood and painted), old tile/linoleum flooring, and dated fixtures, indicating a need for complete overhauls. The visible bathroom is notably old-fashioned with pink tiled walls and an outdated vanity. While the exterior appears functional and solar panels are a positive update, the interior is very uncomfortable by modern standards and requires substantial repairs and rehabilitation, including likely extensive system replacements (plumbing, electrical, HVAC) to meet contemporary living expectations.
Pros & Cons

Pros

Strong Investment Opportunity: The property is explicitly marketed as a 'unique investment opportunity' with 'strong financial viability,' boasting a significant Net Operating Income of $154,740 against operating expenses of $13,260, indicating excellent cash flow potential.
Duplex Configuration: As a two-unit residential income property, it offers versatile income streams, appealing to investors seeking rental income or owner-occupants looking to offset mortgage costs.
Historic Charm and Character: Built in 1903, the residence possesses 'rich history' and 'historic charm,' which can be a significant draw for buyers appreciating unique architectural character and period details in a competitive market.
Prime Los Angeles Location: Situated in Los Angeles, CA 90007, within the C42 - Downtown L.A. MLS area, the property benefits from a desirable and appreciating urban location with access to amenities and potential for continued value growth.
Generous Space and Lot Size: With 4,620 square feet of living space across two levels and a substantial 5,965 square foot lot, the property offers ample room, which is a premium in urban Los Angeles.

Cons

Age-Related Capital Expenditures: Constructed in 1903, the property is likely to require significant capital investment for updates to major systems (plumbing, electrical, HVAC) and general modernization to meet contemporary standards or maximize rental potential.
Lack of Detailed Interior Condition: The description emphasizes financial viability and historic charm but provides no specific details on the current interior condition, finishes, or recent renovations, which could imply deferred maintenance or necessary upgrades for a buyer.
Niche Buyer Appeal: While 'historic charm' is a strength, it also means the property may appeal to a more specific buyer pool willing to undertake the responsibilities and potential costs associated with maintaining or renovating an older, character-rich home, rather than a turn-key modern property.

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