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1210 Magnolia Ave, Los Angeles, CA 90006
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1210 Magnolia Ave Los Angeles, CA 90006

$5,425,000
  • 31 Beds
  • 26 Baths
  • 8,761 Sq.Ft.
Coming Soon
$5,425,000 Get Pre-Qualified
Map preview of 1210 Magnolia Ave, Los Angeles, CA 90006

Property Overview: 1210 Magnolia Ave Los Angeles, CA has 31 bedrooms, 26 bathrooms, 8,761 living square feet and 7,000 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 1206, 1206 1/2, 1208, 1208 1/2 & 1210 Magnolia Ave, Los Angeles CA 90006 Presenting a Clean Modern look BRAND NEW CONSTRUCTION Multi-family Investment 5 Unit Property. Property’s breakdown is the following: This Project consists of 2 Duplexes and 1 Single Family Dwelling; a total of 5 units. [(1) 7Bd 6Ba, (2) 7Bd 5Ba & (2) 5Bd 5Ba] Total of 31 Bedrooms and 26 Baths Total approx. Living sqft: 8,761 Total approx. Lot sqft: 7,000 Breakdown: SFD: 1,414 sqft Duplex A Unit 1: 2,088 sqft Duplex A Unit 2: 2,088 sqft Duplex B Unit 1: 1,585.5 sqft Duplex B Unit 2: 1,585.5 sqft (Garage 931 sqft NOT included above.) All units are Quad-Level & separately metered for each utility service. This project is located in a hot rental area. Location, location, location! Being new construction, these units are easy to lease out. This is a very desirable location, you will see new construction and ongoing Construction all around. Property has little to no maintenance; super convenient for the owner. Estimated completion is June 2024. Buyer(s) to independently verify all information on this listing. Listing agent is not liable for any information that turns out incorrect. The accuracy of all information, regardless of source, including but not limited to square footages, lot sizes, income, and expenses, is deemed reliable but not guaranteed.

Listed by Yossmira Hernandez | BRE #02051747 | First Family Homes
Last checked: 8 minutes ago | Last updated: April 11th, 2024 | Source CRMLS | DOM: 0
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Home details

Lot Sq. Ft
7,000
HOA Dues
$0/mo
Year built
2024
Garage
4 Car
Property Type:
Mixed Use
Status
Coming Soon
MLS#
DW24071075
City
Los Angeles
County
Los Angeles
Time on Site
21 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 3
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 5
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 7
  • # of Baths: 6
  • Furnishing: Unfurnished
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 7
  • # of Baths: 5
  • Furnishing: Unfurnished
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 5
  • # of Baths: 5
  • Furnishing: Unfurnished
  • Total Rent: --
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $446,400
  • Net Operating Income: $441,400
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $5,000
  • Electric: $6,000
  • Gas/Fuel: $2,325
  • Trash: $1,958
  • Insurance: $5,000
  • Professional Management: $0
  • Water/Sewer: $3,000

Open Houses for 1210 Magnolia Ave

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Property Details for 1210 Magnolia Ave

Interior Features
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Three Or More
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 10
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Builder
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 5
  • Parcel Number: 5076016006
  • Year Built Source: Builder
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: W 12th st & Magnolia Ave, next to corner lot. Majorcross streets:S Hoover St & W Pico Blvd
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 1210 Magnolia Ave

Last sold for $1,200,000 on October 13th, 2022

  • October, 2022

  • Oct 13, 2022

    Date

    Sold

    CRMLS: PW22178290

    $1,200,000

    Price

  • Aug 17, 2022

    Date

    Active

    CRMLS: PW22178290

    $1,250,000

    Price

  • Listing provided courtesy of CRMLS

    1210 Magnolia Ave is a 3,298 SF property with a 7,001 SF lot sitting on the corner of the Pico-Union neighborhood with R-3 Zoning.

  • September, 2021

  • Sep 10, 2021

    Date

    Active Under Contract

    CRMLS: 21770962

    $1,300,000

    Price

  • Aug 10, 2021

    Date

    Active

    CRMLS: 21770962

    $1,300,000

    Price

  • Listing provided courtesy of CRMLS

    Incredible Opportunity for Redevelopment in one of the hottest up-and-coming Pico-Union neighborhoods, Authentic Victorian Home features Some Red Wood Construction with Architectural Details Throughout. Aside from being located in a prime location of LA due to its proximity to DTLA & all that this economic powerhouse has to offer, steps away from public transport. You are at the epicenter of renter's paradise. Great for an investor to purchase or prepare for redevelopment. Located In one of the densest neighborhoods in LA with a high demand for quality units. R3 Zoning perfect for any Investor or Developer Looking to Maximize Density & Looking to Build More Units. Incredible Appreciation Potential As The Neighborhood Continues To Improve! DON'T MISS THE HOTTEST REVITALIZATIONS IN ONE OF THE MOST THRIVING MARKET AREAS OF LOS ANGELES.

  • April, 2002

  • Apr 16, 2002

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1210 Magnolia Ave

Assessed Value (2020): $317,020
Year Land Value Improved Value Assessed Value
2020 $253,626 $63,394 $317,020

Home Value Compared to the Market

This property vs the competition

1210 Magnolia Ave is listed 342.86% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $619.22 per/sqft which puts the price per square foot 20% lower than the median price per square foot for the city of Los Angeles.

About 1210 Magnolia Ave

Detailed summary of property

1210 Magnolia Ave is a mixed use located in Los Angeles, CA 90006 and is currently for sale. This mixed use property offers 31 bedrooms, 26 bathrooms, roughly 8,761 living square feet, and sits on an approximately 7,000 square foot lot. 1210 Magnolia Ave was first listed on ArdentRealEstateGroup.com on April 11, 2024. The homeowner is currently asking $5,425,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 342.86% higher than the median priced home. Local competing homes currently for sale include 1221 E 1st St, 4117 E 7th St and 527 N Anna Dr. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 1210 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 1210 Magnolia Ave

Public county record property details
Beds
5
Baths
1
Year built
1902
Sq. Ft.
3,928
Lot Size
7,001
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
82,83
APN
5076-016-006

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.
$606
Median Sold Price
$690,000
Median Sold Price/Sq.Ft.
$600
Total Inventory
32
Median Sale to List Price %
98.71%
Avg Days on Market
36
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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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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