$1.55M
1250 Magnolia Avenue, LOS ANGELES, CA 90006
Single Family Residence
Description
A compelling investment and development opportunity in the heart of Koreatown, one of Los Angeles' most dense and high-demand rental markets. This gated Craftsman-style property sits on an approximately 9,800 sq ft lot with an existing structure of approximately 5,800 sq ft and offers on-site parking for up to 12 vehicles, a rare and valuable feature for the area.The property features a boarding house-style configuration with 9 bedrooms with en-suites and 9 singles with 3 shared bathrooms, with strong curb appeal and on-site laundry. The dense, supply-constrained submarket supports consistent rental demand, with additional income potential through furnished or corporate housing strategies, subject to buyer verification and local regulations. Zoned LAR3 per public records. Offered as-is. Ideal for investors or developers seeking a flexible asset with both income and repositioning potential. All information deemed reliable but not guaranteed. Buyer to conduct their own due diligence regarding zoning, use, unit count, square footage, lot size, permits, rent control applicability, income projections, and development feasibility.
Property Details
Bedrooms
18
Bathrooms
9
Living Area
5,804 sqft
Lot Size
9,803 sqft
Year Built
1901
View
Yes
Price History
Listed
Mar 10, 2026
$1.55M
Location
Location Scores
What's Nearby
Restaurants, parks, schools, and more within 3 km. Powered by Google Places.
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8 places within 3 km · Google Places
Listed by Cory Green — The Hills Premier Realty (MLS# CLW-C132407)
MLS# 26660577
Listing data provided by CRMLS (California Regional Multiple Listing Service). Based on information from CRMLS as of 4/12/2026. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Rose District — DRE# 02356332
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Estimated Monthly Payment
$9,557.34
per month
Loan Amount
$1,239,200
Down Payment
$309,800
Total Interest
$1,654,274
Total Cost
$3,440,644
Rose District
Real Estate Team
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$1.55M
1250 Magnolia Avenue, LOS ANGELES, CA 90006