Sold
Last Sold Price
5 beds2 baths1,970 sqft

1518 Magnolia Ave, Los Angeles, CA 90006

Multi FamilyProperty Type
0.14 acresLot Size
1912Year Built
$457/sq ftPrice per sq ft
4 carsParking Spaces

Description

Great investment property minutes to Downtown L. A. This duplex consists of 5 bedrooms and 2 baths. Fabulous large front porch which is perfect place to relax. Lower unit has living room, dining room, kitchen & laundry area. This unit has 2 bedrooms and 1 full bath. Upper unit has living room, 3 bedrooms and 1 bath, kitchen with tile backsplash and lighting under cabinets, dining area, laundry room and recessed lighting. One of the bedrooms opens to the spacious balcony with view of the city lights....Great investment property minutes to Downtown L. A. This duplex consists of 5 bedrooms and 2 baths. Fabulous large front porch which is perfect place to relax. Lower unit has living room, dining room, kitchen & laundry area. This unit has 2 bedrooms and 1 full bath. Upper unit has living room, 3 bedrooms and 1 bath, kitchen with tile backsplash and lighting under cabinets, dining area, laundry room and recessed lighting. One of the bedrooms opens to the spacious balcony with view of the city lights. Both units have high cove ceilings and large windows in the living room allowing natural light. Spacious rear yard with 1-car garage, shed and plenty of parking space. Open patio with 3 lemon trees, dragon fruit tree, beautiful flowers and lush plantings throughout which all create secluded haven for outdoor entertaining. While the property could use some upgrades this property is a great find for a family who will occupy both units or just simply an income property. Both units are being occupied by seller and will be moving out. Great income potential!
  • Listed by: Charles Picker DRE #00414181 Brokerage DRE #00414181 • I.X.A.
Listing closed: 05/12/2021 12:00 AM • Source: CLAW, MLS#: 21-706700
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Recent comparable sales

Median sold price

$867,000

Avg days on market

71

Sale-to-list ratio

89.8%

Los Angeles, CA

9 comparable properties found

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Sold 08/01/25

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Square Feet
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$867,000 | 2941 South La Salle Avenue, Los Angeles, CA 90018
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$700,000 | 2112 Cambridge Street, Los Angeles, CA 90006
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Square Feet
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a view of a house with large windows and a small yard
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$775,000 | 2019 5th Avenue, Los Angeles, CA 90018
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a front view of a house with garden
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Sold 03/17/26

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Location

Listing Courtesy of I.X.A., Charles Picker, DRE #00414181

Sold By Non-Participant Office, Subscriber Non, DRE #13252

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Property Information for 1518 Magnolia Avenue

Property Details

  • MLS Type: Residential Income
  • Zoning: LARD1.5
  • Style: California Bungalow
  • Cross Streets: Venice Blvd.
  • Parcel Number: 5056007020
  • Total Units: 2.0
  • Living Area: 1970
  • Source Living Area: Assessor
  • Area: Mid Los Angeles (C16)
  • Vacancy Rate: 0
  • Lot Size Area: 6080
  • Source Lot Size Area: Assessor
  • Assessor Parcel Number: 5056-007-020
  • Directions: Take Venice Blvd. to Magnolia Ave. and turn North

Building Information

  • Stories: 2
  • Year Built: 1912
  • Lot Size: 0.14 AC / 6,080 SF

Community / Development

Community / Development
  • Number Of Units: 2
  • Senior Community: No

Structure Info

Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: duplex
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector
  • Water Heaters: Yes
  • Water Heater Features: Gas

Contract Info

Contract Info
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service

Income & Expenses Information

Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $54,000
  • Net Operating Income: $45,793.00
  • Gross Income: $54,000
  • Gross Rent Multiplier: $14.78
  • Actual Annual Gross Rent: $.00
  • Actual Rent Total: $.00
  • Owner Pays: Water, Other
  • Total Annual Expense: 8207

Land / Lot Info

Land / Lot Info
  • Alley: Yes
  • Lot Acreage: 0.1396
  • Lot Size Square Feet: 6080

Parking Details

Parking Details
  • Parking Garage: Garage - 1 Car, Garage Is Detached, Driveway
  • Total Parking: 4
  • Covered Parking: 1
  • Garage Spaces Total: 1
  • Parking Features: Garage - Single Door, Driveway
  • Garage Structures Total: 1.0

Interior Features

Interior Features
  • Room Type: Living Room
  • Rooms: Dining Room, Dining Area, Living Room
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 1
  • Cooling: Wall/Window
  • Cooling Type: Wall/Window
  • Heating: Other
  • Heating Type: Other
  • Flooring: Linoleum, Carpet, Vinyl Tile
  • Equipment: Ceiling Fan, Gas Or Electric Dryer Hookup, Range/Oven
  • Interior Features: Crown Moldings, Recessed Lighting
  • Kitchen Features: Formica Counters, Pantry
  • Bathroom Features: Shower Over Tub
  • Cooking Appliances: Free Standing Gas, Range
  • Laundry: In Unit

Exterior Features

Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Composition, Shingle
  • Patio Features: Patio Open, Porch - Front, Balcony
  • Windows: Window Blinds
  • Other Structural Features: Balcony
  • Other Structures: Shed(s)

Lease Terms

Lease Terms
  • Entry Date: 03-17-2021
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity, Trash Collection

Unit Details

Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107

Tax and Assessed Info

Tax and Assessed Info
  • Assessed Improvement Value: $29,773.00
  • Assessed Improvement Percent: 12.9
  • Assessed Land Value: $201,035.00
  • Assessed Land Percent: 87.1
  • Assessed Total Value: $230,808.00

Property History for 1518 Magnolia Avenue

DateEvent & SourcePriceAppreciation
Jul 17, 2026

Expired

CRMLS #26666137

—
Jul 17, 2026

Expired

CLAW #26666137

$3,320,000—
Mar 17, 2026

Withdrawn / Cancelled

CLAW #25614437

—
DateEvent & SourcePrice
07/17/2026

Expired

CRMLS #26666137

—
07/17/2026

Expired

CLAW #26666137

$3,320,000
03/17/2026

Withdrawn / Cancelled

CLAW #25614437

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

1518 Magnolia Avenue

Baths

2

Total Finished SqFt

1,970 SqFt

Above Grade Finished SqFt

1,970 SqFt

Lot Size

6,080 SqFt

Style

Duplex

Year Renovated

1912

Schools near 1518 Magnolia Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 4
Rating
School
Distance
Magnolia Avenue Elementary School
PublicK to 5

Berendo Middle School
Public6 to 8

West Adams Preparatory High School
Public9 to 12

Equitas Academy Charter School
CharterK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1518 Magnolia Avenue, Los Angeles, CA 90006
$900,000
5
2
1,970
6,080
$220,000
5
1
2,500
6,100
–
–
5
4,612
6,079
$1,745,000
10
10
6,766
8,522
$270,000
3
2
3,312
6,098
–
–
–
10,893
12,292

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of I.X.A., Charles Picker, DRE #00414181

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.