524 Magnolia Avenue, Inglewood, California 90301, Inglewood, 90301 - 2 bed, 1 bath
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Inglewood, California 90301
This Charming Traditional Home is a High-Potential Investment Opportunity, listed at $725,000—positioned well below the $817,232 Fair Market Value by 11%. This valuation gap offers $92,232 in Instant Equity for buyers. While the property maintains a Fair Condition Rating with original hardwood floors, the outdated kitchen and bathroom present a clear path for forced appreciation. Located in the desirable North Inglewood neighborhood near major entertainment hubs, this property is a strategic acquisition for Owner-Occupants or first-time buyers seeking long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 524 Magnolia Avenue Subject | $725,000* List Price | 2 | 1 | 1,124 | $645 | - |
A 641 Nectarine Sold | $735,000 | 4 | 2 | 1,504 | $489 | 0.4 mi |
B 4828 W 93rd Street Sold | $600,000 | 2 | 1 | 814 | $737 | 0.2 mi |
C 400 E Buckthorn Street Pending | $675,000 List Price | 2 | 1 | 908 | $743 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1929, this home is described as 'well maintained' and features original hardwood floors in good condition throughout most living areas. However, the kitchen and bathroom are significantly outdated in style and likely function, appearing to be original or from a very old renovation (likely 50+ years ago). The kitchen has older white appliances and dated cabinetry/countertops, and the bathroom features vintage tile work and fixtures. While functional and clean, these areas require substantial cosmetic and potential system updates to meet modern standards, aligning with the 'aged but maintained' and 'major components are functional but show signs of being outdated' criteria for a 'Fair' rating.
The property is situated in an 'ideal' and 'desirable neighborhood' in Inglewood, offering strong community appeal and potential for appreciation.
Described as a 'charming and well maintained home,' suggesting good upkeep and potentially fewer immediate repair needs for a property of its age.
Features a 'bright spacious living room and dining room' with 'abundant natural light,' creating an inviting and comfortable atmosphere.
Built in 1929, the property is an older home, which may imply outdated systems, potential for age-related maintenance, or a need for modern updates despite being well-maintained.
With only one bathroom, this could be a significant functional drawback for multiple occupants or when hosting guests, impacting daily convenience.
At 1124 square feet with 2 bedrooms, the home offers limited interior living space, which might not suit larger families or those desiring more expansive rooms.
Welcome to 524 Magnolia, a charming and well maintained home offering comfort, functionality, and an ideal location. This inviting property features a bright spacious living room and dining room. Home has an abundant natural light. Outdoor space offers plenty of room to relax, garden or host gatherings. Additional highlights include a nice size driveway leading to the garage. Laundry connection in garage. Whether you are a first time buyer, growing a family or an investor this home presents an excellent opportunity in a desirable neighborhood.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 39% |
| Baths | 1.0 | 2.0 | 39% |
| Square foot | 1,124 | 1,477 | 33% |
| Lot Size | 4,845 | 5,826.5 | 28% |
| Price | $725.0K | $800.0K | 39% |
| Price per sq ft | $645 | $505 | 67% |
| Built year | 1929 | 1933 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 92 | 179 | 28% |
Jan 20, 2026
$725,000
Initial Listing