See Home Value
Brea 92821
416 Magnolia Avenue
$1,171,537*
House - Off Market

416 Magnolia Avenue

Brea, CA 92821
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1856 Sqft
$720,000 - $878,000
Reference Base Price*
46.63%
Since Sep 1, 2019
National-US
Primary Model

About This Property

TWO ON A LOT. Range pricing $799,000 to $849,000 Beautiful turnkey 3 bdrm & 2 bath home with many upgrades PLUS A SEPARATE STUDIO (Granny Flat) perfect for extended family or to generate revenue by renting out long term or doing short term rentals, Estimated market rent for studio is up to $1,400 per month!  Total square feet of both the home and the back Apt. totals 1,856. RENTING OUT THE BACK APT. SAVES THE BUYER OVER $600 PER MONTH COMPARED TO BUYING A SIMILAR HOME WITHOUT THE SEPARATE UNIT.  Great location within walking distance of Downtown Brea, and Laurel Elementary school. This tastefully and thoughtfully upgraded home is sure to impress. In the past 4 years, the sellers have replaced the roof, remodeled the kitchen, refinished the hardwood floors, upgraded the electrical panel, painted the interior and exterior, added a new attached patio cover, completed a seismic upgrade, added LED recessed lighting, installed in-ceiling speakers throughout, and much more! Located in a great neighborhood with excellent public schools, and within couple of blocks of 2 Montessori schools. An alley in the rear provides access to the 2-car garage, which is adjacent to the studio with 3/4 Bath, kitchen, lots of living space, and beautifully appointed, which will be fully permitted as an Accessory Dwelling Unit before close of escrow. Savings mentioned above are estimated and may change with buyers specific circumstances.  Buyer should check with their CPA for actual savings numbers.

The manager has listed the unit size as 1856 square feet.
Unit Size
1,856Ft²
Days on Market
-
Land Size
6,372.00 acres
Price per sqft
$431
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1950

Price History

Date / Event Date Event Price
Aug 11, 2019 No longer available -
No longer available
Jul 16, 2019 No longer available -
No longer available
Jun 25, 2019 Price Decreased $799,000
↓ $50K (5.9%)
Price Decreased
Jun 16, 2019 Price Decreased $849,000
↓ $20K (2.3%)
Price Decreased
Jun 8, 2019 Listed $869,000
Listed
TWO ON A LOT. An upgraded 3/2 home with a two car detached garage and a Studio in the rear of the property. Studio is permitted as an ADU (Accessory Dwelling Unit) and either the home or studio can be rented out as long as owner lives on the property or rent the whole property to one tenant? Great opportunity for a Buyer to live in this desirable neighborhood at a discounted price as an owner occupied. Home is a highly upgraded 3 bedroom 2 bath with a newer kitchen, roof, plumbing…
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Property Highlights

Air Conditioning
Garage


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
In Contract
House
3 Beds
2 Baths
951 ft²
$789/ft²
$750,000 Mar 8, 2024
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20190501
05/01/2019
4 Bed
3 Bath
1856 ft²
$895,000
bedrooms
4 Bed
bathrooms
3 Bath
square feet
1856 ft²
-
-
-
-

Building Info

416 Magnolia Avenue 416 Magnolia Avenue, Brea, CA 92821
More about this Building
416 Magnolia Avenue
Want to find out who owns 416 Magnolia Avenue, Brea, CA 92821? Get detailed property transactions here .

About Brea


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