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(323) 864-4211
Linda Roth Burrell
1250 Magnolia Ave, Los Angeles, CA 90006
- $1,420,000
- 18
- BD
- 9
- BA
- 5,804
- SqFt
- Sold Price
- $1,420,000
- List Price
- $1,549,000
- Closing Date
- Jul 01, 2026
- MLS#
- 26660577
- Year Built
- 1901
- Bedrooms
- 18
- Bathrooms
- 9
- Living Sq. Ft
- 5,804
- Lot Size
- 9,803
- Lot Location
- Alley Access
- Days on Market
- 42
- Property Type
- Single Family Residential
- Style
- Craftsman
Property 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.
Additional Information
- Lot Description
- Automatic Gate, Fenced
- Other Buildings
- Shed(s)
- Pool Description
- None
- Heat
- Central
- Cooling
- Central
- View
- Tree Top
- Number of Cars in Garage
- Controlled Entrance, Driveway, On street
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Courtesy of The Hills Premier Realty, Cory Green - CA DRE#01989091 Selling Office: .
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