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$1,420,000
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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
- Sold For: $1,420,000
- Status: Closed
- Type: Single Family
- Source: CLAW
- MLS ID: 26660577
- Added to Site: 123 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 and Sold by The Hills Premier Realty, Cory Green
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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
Date
Details
Price
Change
Source
7/01/2026
Sold
$1,420,000
-8.33%
MLS
3/10/2026
Listed
$1,549,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1250 Magnolia Ave, Los Angeles, CA 90006 (MLS# 26660577) is a Single Family property that was sold at $1,420,000 on July 01, 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.

