1250 Magnolia Ave, Los Angeles, CA 90006 - Photo 1

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$1,549,000

For Sale
Active
Single Family
18 Beds
9 Full Baths
5,804 Sq. Ft.
Updated 6 days ago

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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.

Full Property Details

Full Property Details for 1250 Magnolia Ave

General

Price: $1,549,000
Status: Active
Type: Single Family
Source: CLAW
MLS ID: 26660577
Updated: 4/1/2026
Added to Site: 28 day(s) ago

Interior

Rooms/Areas: Basement
Furnishings: Unfurnished
Flooring: Tile, Hardwood, Laminate

Rooms

Bathrooms

Total Bathrooms: 9
Full Bathrooms: 9

Bedrooms

Total Bedrooms: 18

Other Rooms

Laundry: Room

Additional Information

Pool Description: None
Spa Description: None
Other Features: Shed(s)

Exterior

Deck/Patio: Porch - Front

Parking

Garage Description: Controlled Entrance, Driveway, On street

Location

Area: Mid-Wilshire
County: Los Angeles
Driving Directions: North of Pico, West of Hoover

Heating & Cooling

Cooling Type: Central
Heating Type: Central

Structural Information

Architectural Style: Craftsman
Structure Type: Single Family Residence
Common Walls: Detached/No Common Walls
Stories/Levels: 0
Square Feet: 5,804
Sq. Ft. Source: Vendor Enhanced
Year Built: 1901
Year Built Source: Vendor Enhanced

Additional Structures

Other Structures: Shed(s)

Lot Features

Property View: Tree Top
Lot Size (Acres): 0.225
Lot Size: 9803
Lot Size Source: Vendor Enhanced
Lot Dimensions: 70 x 140
Lot Features: Alley Access
Zoning: LAR3
Lot Description: Automatic Gate, Fenced
Fencing (Description): Wrought Iron, Brick

Financial Considerations

Price Per Sq. Ft.: $266.88
Assessment Year: 1901

Disclosures and Reports

Disclosures/Reports: As Is
APN: 5076-016-010

Listed by The Hills Premier Realty, Cory Green

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Listing agent

— 1250 Magnolia Ave —

Cory Green

The Hills Premier Realty

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Schools

Schools serving 1250 Magnolia Ave

School District:Los Angeles Unified School District

Name	Grades	Distance
Leo Politi Elementary School 2481 West 11th Street, Los Angeles, CA 90006	K-5	0.2 mi
Berendo Middle School 1157 South Berendo Street, Los Angeles, CA 90006	6-8	0.5 mi
Contreras Learning Center-School Of Social Justice 322 Lucas Avenue, Los Angeles, CA 90017	9-12	1.6 mi
Belmont Senior High School 1575 West 2nd Street, Los Angeles, CA 90026	9-12	1.6 mi
Academic Leadership Community School 322 Lucas Avenue, Los Angeles, CA 90017	9-12	1.6 mi
Miguel Contreras Learning Complex School 322 Lucas Avenue, Los Angeles, CA 90017	9-12	1.6 mi
Contreras Learning Center-Los Angeles School Of Global Studies 322 Lucas Avenue, Los Angeles, CA 90017	9-12	1.6 mi
Edward R. Roybal Learning Center 1200 Colton Street, Los Angeles, CA 90026	9-12	2 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1250 Magnolia Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

3/10/2026

Listed

$1,549,000

21.97%

MLS

3/07/2016

Sold

$1,270,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 1250 Magnolia Ave

Year

Property Taxes

Change

Tax Assessment

Change

2025

$18,791

$1,503,415

2023

$18,162

$1,445,037

2022

$17,337

$1,416,704

2021

$17,101

-1%

$1,388,927

2020

$17,269

$1,374,686

2019

$16,598

$1,347,733

2018

$16,408

$1,321,308

2017

$16,059

33%

$1,295,400

33%

2016

$12,119

$973,402

2015

$11,946

—

$958,781

2014

$12,005

20%

$940,000

22%

2013

$9,971

—

$770,000

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 1250 Magnolia Ave

1250 Magnolia Ave, Los Angeles, CA 90006 (MLS# 26660577) is a Single Family property with 18 bedrooms and 9 full bathrooms. 1250 Magnolia Ave is currently listed for $1,549,000 and was received on March 10, 2026. Want to learn more about 1250 Magnolia Ave? Do you have questions about finding other Single Family real estate for sale in Mid-Wilshire? You can browse all Mid-Wilshire real estate or contact a Coldwell Banker agent to request more information.

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1250 Magnolia Ave Los Angeles, CA 90006