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416 Magnolia Avenue, Brea, CA

$849,000 - 4 Beds - 3 Baths - 1,856 Sqft - .15 Acres

TWO ON A LOT. 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 $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 $500 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.

Essential Information

For 416 Magnolia Avenue, Brea, CA
  • MLS® # PW19099069
  • Price $849,000
  • Bedrooms 4
  • Bathrooms 3.00
  • Full Baths 2
  • Square Footage 1,856
  • Lot Square Footage 6,372
  • Acres 0.15
  • Year Built 1950
  • Type Residential
  • Sub-Type Single Family
  • Status Active

Community Information

For 416 Magnolia Avenue, Brea, CA
  • Address 416 Magnolia Avenue
  • Area Brea (86)
  • Subdivision Other (OTHR)
  • City Brea
  • County Orange
  • State CA
  • Zip Code 92821

Amenities

For 416 Magnolia Avenue, Brea, CA
  • Parking Spaces 2
  • # of Garages 2
  • View No View
  • Pool None

Parking

For 416 Magnolia Avenue, Brea, CA

Garage, Garage - Rear Entry, Garage Door Opener, No Driveway

Interior

For 416 Magnolia Avenue, Brea, CA
  • Heating Forced Air
  • Fireplace Yes
  • Fireplaces Living Room
  • # of Stories 1
  • Stories One Level

Interior Features

For 416 Magnolia Avenue, Brea, CA

Ceiling Fan, Crown Moldings, Granite Counters, Open Floor Plan, Pantry, Recessed Lighting, Wired for Sound

Cooling

For 416 Magnolia Avenue, Brea, CA

Central A/C, Whole House Fan (N)

Rooms

For 416 Magnolia Avenue, Brea, CA

All Bedrooms Down, Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroom, Study/Office

Exterior

For 416 Magnolia Avenue, Brea, CA
  • Lot Description Back Yard, Front Yard
  • Lot Location Back Yard, Front Yard

Other Structures

For 416 Magnolia Avenue, Brea, CA

Guest House, Guest House Detached, Two On A Lot

School Information

For 416 Magnolia Avenue, Brea, CA
  • District Brea-Olinda Unified
  • Elementary LAUREL2
  • Middle BREA
  • High BREOLI

Additional Information

For 416 Magnolia Avenue, Brea, CA
  • Date Listed May 1st, 2019
  • Days on Market 45
  • HOA Fees 0.00
  • Tax Mello Roos No
  • Leased Land Fee

Listing Details

For 416 Magnolia Avenue, Brea, CA
  • Agent Richard Bell(01344469)
  • Office Bell Realty Group

Price Change History for 416 Magnolia Avenue, Brea, CA (MLS® #PW19099069)

Date Details Change
Price Reduced from $869,000 to $849,000 $20,000 (2.30%)
Price Reduced from $895,000 to $869,000 $26,000 (2.91%)

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Based on information from California Regional Multiple Listing Service, Inc. as of June 16th, 2019 at 10:37am PDT. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.