416 Magnolia Ave, Brea, CA 92821

Property Description

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.