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1200 Magnolia Ave, Los Angeles, CA 90006
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1200 Magnolia Ave Los Angeles, CA 90006

$1,500,000 Sold Price as of 02/06/2023
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
Sold
$1,500,000 Sold Price as of 02/06/2023 Refinance Your Mortgage
Map preview of 1200 Magnolia Ave, Los Angeles, CA 90006

Property Overview: 1200 Magnolia Ave Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 9,142 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This 9,142 SF lot is situated on the corner of Magnolia Ave and W 12th St. with alley access. The site will be delivered with Ready to Issue Permits (RTI) for a 21-unit apartment complex with a mix of 18 1+1s, two (2) of which are Extremely Low Income (ELI), and three (3) 2+2s. This lot is located in an opportunity zone allowing for tax benefits with LAR3zoning.This lot is in a highly sought-after redevelopment area in Koreatown, Los Angeles, an up-and-coming area for multifamily living and redevelopment opportunities. Koreatown is an ideal Los Angeles area, accessible to endless amenities, public transportation, including the Subway, and is just miles from a densely populated, amenity-rich downtown area. This Ready to Invest (RTI) Site with a high quality and efficient development design, and in an opportunity zone with benefits available, is a rare find in Los Angeles.

Listed by David Kaufman | BRE #01217537 | David Ballin Kaufman
Last checked: 11 minutes ago | Last updated: February 6th, 2023 | Source CRMLS | DOM: 174

Home details

Lot Sq. Ft
9,142
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Sold
MLS#
22161349
City
Los Angeles
County
Los Angeles
Time on Site
743 days

Property Details for 1200 Magnolia Ave

Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: Owner
Property Information
  • Has View
  • View: City Lights
  • Parcel Number: 5076016005
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: In the south-east corner of the Mid-Wilshire area, this parcel of land is located south of W Olympic Blvd. and north of W Pico Blvd., East of Vermont Ave. and West of Hoover St.
View more facts & features

Local Los Angeles Agent

Sale History for 1200 Magnolia Ave

Last sold for $1,500,000 on February 6th, 2023

  • February, 2023

  • Feb 6, 2023

    Date

    Sold

    CRMLS: 22161349

    $1,500,000

    Price

  • Jun 15, 2022

    Date

    Active

    CRMLS: 22161349

    $1,995,000

    Price

  • September, 2019

  • Sep 18, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,200,000

    Price

  • August, 2018

  • Aug 17, 2018

    Date

    Sold (Public Records)

    Public Records

    $875,000

    Price

Show More

Tax History for 1200 Magnolia Ave

Assessed Value (2020): --
Year Land Value Improved Value Assessed Value
2020 $1,200,000 -- --

Home Value Compared to the Market

This property vs the competition

1200 Magnolia Ave sold on February 6, 2023 for 39.38% higher than the current median sold price for the city of Los Angeles which is $1,130,000.

About 1200 Magnolia Ave

Detailed summary of property

1200 Magnolia Ave is a land that recently sold in Los Angeles, CA 90006. This land offered -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 9,142 square foot lot. 1200 Magnolia Ave was first listed on ArdentRealEstateGroup.com on June 17, 2022. The homeowner sold the property for $1,500,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 39.38% higher than the current median priced home. Local homes that are currently for sale include 1537 N Kingsley Dr, 2122 Lake Shore Ave and 5436 S Broadway. While the average home in Los Angeles, CA is selling in 99 days, 1200 Magnolia Ave has a days on market of 174 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 1200 Magnolia Ave Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1200 Magnolia Ave

Public county record property details
Beds
8
Baths
5
Year built
1907
Sq. Ft.
3,681
Lot Size
9,141
Stories
1
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
81,82
APN
5076-016-005

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,000
Median List Price/Sq.Ft.
$598
Median Sold Price
$605,000
Median Sold Price/Sq.Ft.
$596
Total Inventory
43
Median Sale to List Price %
96.18%
Avg Days on Market
22
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (25%), Other (25%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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