$1,549,000

1250 Magnolia Avenue, Los Angeles, CA 90006

  • 18 beds
  • 5,804 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1901
  • Property Lot Size Icon10,019sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $267/sqft
  • Property List Date Icon Listed 22 days ago

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.

Listing Status:
Active
Date Added:
March 10, 2026
Data Last Updated:
April 2, 2026 at 12:06AM
Listing Office:
The Hills Premier Realty :
Listing Agent:
Cory Green : 508-801-8968
MLS ID:
CL26669187
  • Laundry: DryerLaundry RoomWasher
  • Flooring: LaminateTileWood
  • A/C: Central Air
  • Heating: Central
  • Parking: OtherParking spaces: 12
  • County: Los Angeles
  • Zoning: LAR35076016010

This listing courtesy of Cory Green , The Hills Premier Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Politi Elementary School

2481 W 11th St, Los Angeles, CA, 90006

Grades KG-5

0.24 miles away

B

Berendo Middle School

1157 S Berendo St, Los Angeles, CA, 90006

Grades 6-8

0.46 miles away

W

West Adams Preparatory High School

1500 W Washington Blvd, Los Angeles, CA, 90007

Grades 9-12

0.59 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.