MLS® ID: PW19099069

416 Magnolia Avenue

Brea, California, 92821

$895,000 Active
  • 4 Beds
  • 2 Baths
  • 1856 SQFT
Beautiful turnkey 3 bdrm & 2 bath home with many upgrades PLUS A SEPARATE STUDIO perfect for extended family or to generate revenue by renting out long term or doing short term rentals, Estimated market rent is $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 $470 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, 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 a studio,ADU, with 3/4 Bath, kitchen, lots of living space, and beautifully appointed, which will be fully permitted as an ADU before close of escrow. Savings mentioned above are estimated and may change with buyers specific circumstances. Buyer should check with their CPA for more accurate numbers pertaining to this property.
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Listing courtesy of Bell Realty Group

Amenities

  • Full baths
    2
  • Half baths
    0
  • Full Baths Range
    2 Baths
  • Total Baths
    2
  • Zip
    92821
  • Office name
    Bell Realty Group
  • SQFT
    1856
  • Bedrooms
    4
  • Property type
    Single Family Residence
  • School district
    Brea-Olinda Unified
  • Elementary school
    Laurel
  • Junior high
    Brea
  • High school
    Brea Olinda
  • Year built
    1950
  • Lot size
    6372.00
  • Sewer
    Public Sewer
  • Heating
    Forced Air
  • Tax year
    0
  • Agent name
    Richard Bell
  • Tax amount
    $ 0.0
  • Purchase Type
    Active
  • HOA fees
    $ 0.00
  • Price Range
    $800k-$900k
  • Square Feet Range
    1500-2000 sq ft.
  • Bedrooms Range
    4 Beds
  • Year Built Range
    1989 (and earlier)
  • Office ID
    PB16938
  • Agent ID
    pbellric

Location

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